Shiba Inu: Whales Stack up on SHIB Amid Price Fall to Spark Rally
Shiba Inu (SHIB) whales have begun stocking up on SHIB tokens amid recent price struggles, hoping to spark a new rally for the token. The Shiba Inu (SHIB) ecosystem is a frequent headline-maker. The prominent meme coin network, despite being fairly new to the market, has managed to garner immense attention. When attention comes from whales though, it tends to spark investor interest in the token. Recently, SHIB has suffered from a downturn in price. The asset is down 17% in the last 30 days, with the SHIB community hoping that 2025’s start isn’t a bad omen for the year. SHIB whales, however, are apparently taking the time to buy in on the recent dip. According to Crypto.com data seen from a crypto-market expert on X, a whale moved over 1.6 trillion Shiba Inu coin (SHIB) tokens worth about $39 million from Crypto.com to private wallets. Such whale activity usually signals massive price action, and when the whales enter the market, they enter it to accumulate or buy to initiat...