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Whale Accumulation May Spur Shiba Inu Price Rise. We are dedicated to bringing you the highest-quality news, junk-free and ad-free, about your favorite topics. Please come every day to read the latest Shiba Inu Price Rebound news, Shiba Inu whales news, crypto trading & speculation news, and other high-quality news about any topic that interests you. We are working hard to create the best news aggregator on the web, and to put you in control of your news feed - whether you choose to read the latest news through our website, our news app, or our daily newsletter - all free!
Popularity Affect Shiba Inu PriceCoinGape
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63% Informative
Whale activity increased over the last 24 hours as the price dropped, suggesting large investors may be looking to top up their bags at discount prices.
This surge in whale activity coincides with the Shiba Inu community’s efforts to enhance the ecosystem through plans to launch a decentralized autonomous organization (DAO). Meanwhile, retail traders took the opportunity to make a few bucks by shorting the asset.
While the SHIB price risks an extended 6% drop following the recent market drop instigated by Bitcoin , whales are rushing in to buy more tokens.
The current price downturn is a market-wide phenomenon, and, similar to August 5 , the recovery may be stronger.
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