Although Shiba Inu’s value hasn’t been performing particularly well on the market, the sudden increase in whale trades is obviously noteworthy. According to information from IntoTheBlock, the number of large transactions, often known as “whale” transactions, in the Shiba Inu community has increased dramatically from 13 to an incredible 74. That might be a startling 500% improvement. What is being prepared in the Shiba Inu kitchen, then?
Shiba Inus are now being bought and sold for around $0.00000762. Although the value appears to be in a low-volatility area, the increase in whale activity may be a sign of something significant.
Usually, as whales start to move, they’re creating waves rather than just slapping water. This might denote a period of accumulation in crypto jargon. Whales may be hoarding SHIB tokens in preparation for a potential price surge or another significant event.
What makes whales choose a period of low volatility for accumulation? Easy. The market is less likely to respond quickly to huge purchase orders since there is much less noise, which enables a more covert accumulation process. It’s like filling your plate silently at a buffet before anybody else realizes the best dishes are being served.
Let’s not, however, go too far. Even though increased whale activity is typically a bullish sign, it doesn’t guarantee success. Market dynamics are complex and affected by a wide range of factors. The timing is, to put it mildly, attention-grabbing.
So, do you have to watch the whales? That was a personal decision that needed to be based on careful research and a threat assessment. However, keeping track of the tokens will not cause any harm.
