Shiba Inu’s Market Position Amidst Recent Developments and Trend Reversals

Amid a double-digit price drop last week, Shiba Inu (SHIB) exerted a significant impact on its market value. Even as the market remains under bearish pressure, a few developments might indicate a possible trend reversal. SHIB Accumulation Increases According to data from Lookonchain, a whale bought SHIB amidst the price fall. The biggest owner of SHIB purchased over 1.5 trillion meme coins valued over $10 million from Binance and Coinbase. At the time of writing, the address was holding more than 5 trillion SHIB. That’s not all. Whalestats data unveiled that SHIB remains the most popular crypto amongst whales. In the past 24 hours, SHIB was the most traded token amongst the top 100 Ethereum whales. Shortly after the purchase, SHIB’s price recorded an increase of over 2% in the past 24 hours. CoinMarketCap data shows that SHIB was trading at $0.00000673, with a market cap exceeding $3 billion […] The post Shiba Inu’s Market Position Amidst Recent Developments and Trend Reversals appeared first on COINTURK NEWS.