Whales Have Invested Millions In This Meme Coin! Is Ascension On The Way?

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dogecoin The Shiba Inu, who is famous as a killer but trying to achieve great things on his own these days, has recently started to attract the attention of whales. According to recent reports, whales have bought “billions of SHIBs” worth millions of dollars. So how will this affect the markets, is it possible to see a serious rise in the price of SHIB?

  • Large amount on hand Ethereum (ETH), a whale containing 49.9 billion recently SHIB purchased (approximately $1.2 million).
  • In addition to this news from the whale shiba inu It is now available for purchase from 4000 ATMs in the USA and Brazil via Coin Cloud.
  • SHIB also attracted attention in the Asian market and was one of the top 10 trending coins in October.
  • SHIB took second place in social dominance last week with 637,366 mentions on crypto Twitter.

According to analysts, the price of SHIB could increase by over 100% after whales accumulate SHIB!

The major investor, identified as an Ethereum whale, purchased 49.9 billion SHIB worth $1.2 million on Binance earlier today. SHIB price fell after a big rally; whales started accumulating Dogecoin killer SHIB throughout the fall.

A similar situation has happened in SHIB before. A whale accumulation was seen after a strong drop in SHIB price followed by a rapid rise. According to analysts, this situation may repeat.

Updates to the SHIB ecosystem included the naming feature for “Shiboshis” (10,000 NFTs printed on ShibaSwap) and the ability to purchase from Coin Cloud ATMs.

Coin Cloud is considered the world’s largest two-way digital currency network, with 4000 ATMs across the US and Brazil. The ATM network now supports SHIB. This makes SHIB more accessible to users and increases its benefits.

Shiba Inu currently remains the second most talked about crypto asset by both traders and social media followers. The Asian market, on the other hand, included SHIB among the 10 crypto assets that it showed the most interest.

After all these developments, @army_shiba, one of which is a cryptocurrency analyst and SHIB trader, altcoin He expects the price to rise 100% and reach the next target of $0.0005.

Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.


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