SHIB Price Crashes—Whales Buy 4.66T SHIB
Shiba Inu price crash has been dominating crypto headlines right now, and the meme coin actually plummeted 12% in recent trading sessions. Despite this sharp Shiba Inu price crash though, whale investors have been accumulating a massive 4.66 trillion SHIB tokens, which suggests that institutional confidence is still remaining strong. The SHIB trading volume spike reached some extraordinary levels of 4.33 trillion tokens, and along with that, the Shiba Inu burn rate drop has fallen by over 95%, raising questions about the token’s deflationary mechanisms. SHIB price chart showing recent decline – Source: CoinMarketCap Shiba Inu Price Crash: Whales Buy the Dip, Burn Rate Drops Source: Watcher.Guru The latest Shiba Inu price crash saw SHIB fall from $0.000015189 to $0.000014130, which represents a significant 7% decline that actually outperformed Dogecoin’s 8.5% drop during the same period. Massive Whale Accumulation Despite Market Turmoil Whale investors have been capital...