Whale Buys 237 Billion SHIB Amid 23% Rally

According to data from ether scan io, Shiba Inu (SHIB) Whale purchased 237 billion SHIB tokens worth approximately $6.3 million. Whale Wallet currently stores approximately $11.2 million worth of Ethereum (ETH), SHIB, and FTT.

Source: Etherscan.io

Also read: Shiba Inu price predicted to reach 1 rupee 46 paisa in India: When

Whale’s purchase comes amid a slight recovery in SHIB after a recent market correction spurred by Iran’s attack on Israel. Despite a 2.8% correction on the daily chart, SHIB price rose 23% from the previous week.

sauce: CoinGecko

Will the Shiba Inu (SHIB) gather soon?

Shiba Inu Shibu street lightShiba Inu Shibu street light
Source: Instagram / PrithivChandar

Whales may be counting on a bullish outlook for Shiba Inu (SHIB). This asset is one of the most popular cryptocurrencies on the market and has seen a significant rise earlier this year. SHIB is currently the 12th largest crypto project by market capitalization after Cardano (ADA). SHIB’s march to No. 12 was fueled by BTC hitting a new all-time high in March. Meanwhile, the rise in BTC is due to increased inflows to the Spot BTC ETF, which was approved by the US SEC (Securities and Exchange Commission) in January this year.

Also read: Shiba Inu raises $12 million in new blockchain treat token sale

According to CoinCodex, Shiba Inu (SHIB) will rise in the coming weeks and could reach $0.00003967 on April 30, 2024. Additionally, the platform predicts that SHIB will reach its all-time high of $0.00009054 on May 21, 2024. This represents approximately 239% growth from current levels.

sauce: coin codex

Changely It also paints a bullish outlook for Shiba Inu (SHIB) in the coming weeks. The platform expects SHIB to reach $0.00004026 on April 29, 2024. Additionally, Changelly also predicts that the popular dog-themed cryptocurrency will hit an all-time high in May. The platform predicts that SHIB will reach $0.00009201 by May 20, 2024.

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