Shiba Inu Whales Wake Up: Will SHIB Price Join the Party? 🐕🚀

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🚨 Attention, Shiba Inu (SHIB) whales are stirring from their slumber! According to IntoTheBlock data, the large transaction volume, a sign of whales’ activity, has skyrocketed by 72.48% in the last 24 hours, reaching a whopping $20.85 million or 1.63 trillion SHIB.

🐳 This uptick in whale activity suggests that these big fish might be either buying or selling like there’s no tomorrow. The surge in volume of large transactions above $100,000 aligns with the SHIB price rebound over the last 24 hours.

📉 However, Shiba Inu’s large transaction volume has plummeted since a high of 4.64 trillion SHIB on Monday this week. This might largely be due to the sell-off on the crypto market earlier in the week, which might have prompted large holders to reduce or step back their positions while taking a wait-and-see approach.

Will SHIB price follow the whales’ lead? 🤔

📈 After days of zigzag movements, Shiba Inu’s large transaction volume fell to 1.01 trillion SHIB on March 13, after which it increased to 1.63 trillion on March 14.

🔮 With the slight uptick in whale activity, the market is watching to see if this would mark a reversal and affect SHIB price in the coming days, although this remains to be seen.

📊 As a week of broad risk asset selling draws to an end, markets are seeing a relief rally from oversold conditions. Shiba Inu was not excluded from the market rebound.

📈 At the time of writing, Shiba Inu was trading in green, up 2.04% in the last 24 hours to $0.00001274. Shiba Inu has reversed weekly losses, down only 0.55% in seven days.

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2025-03-15 17:42