Whales Acquire 62 Billion SHIB Amid Exchange Outflows and Price Dip
The Shiba Inu (SHIB) price has decreased around 6%, dropping it from the top twenty digital assets. Despite this, significant whale and smart money accumulation suggests potential for a breakout.
Key Points
- Whales have acquired 62 billion SHIB, raising large holders' control to over 100.52 billion tokens.
- Smart money investors increased their SHIB holdings by 98% in the past month.
- Exchange balances have dropped, indicating weakened selling pressure and a shift to self-custody wallets.
Price Analysis
- SHIB is consolidating within a symmetrical triangle at $0.00001223.
- If breaking upwards, SHIB could rally 308% towards $0.00003787.
- A breakdown may lead to a 15% decline towards $0.00001028.
Additional Insights
- The Maxi Doge ($MAXI) presale has raised $2.4 million, integrating fitness culture with trading.
- $MAXI offers staking rewards, trading competitions, and tournaments.