Unidentified whales in the cryptocurrency market have acquired a significant amount of Shiba Inu tokens, impacting price trends and creating potential market volatility.
Whales Acquire 120 Trillion SHIB Amid Price Rebound
Recent data reveals that **whales acquired 120 trillion SHIB tokens**, prompting notable shifts in the market. Previously, SHIB hit a **16-month low**, sparking interest among high-net-worth wallets, who now control over half its supply.
19% SHIB Price Surge Sparks Speculative Buying
Immediate effects include a **19% SHIB price rise**, indicating a surge in retail and speculative interest. Whale netflows increased significantly, raising market uncertainty regarding liquidity and potential sell-offs.
Repeat Whale Accumulations Trigger Volatility Concerns
Past whale accumulations in SHIB's history have often triggered price rallies. **"Yes, it's true: whales still hold over 50% of SHIB's supply. But recently, several of these large holders have been moving funds from cold wallets to exchanges—a possible sign of coming sell-offs."** - CITE_W_A. Based on historical analysis, **possible outcomes include price swing** and increased market participant caution.
The situation in the SHIB market continues to draw attention and concern from investors, especially in light of significant whale accumulations and sharp price fluctuations.
