Shiba Inu News: The recent crypto market selloff offered whales a perfect opportunity to buy the dip in their preferred crypto including meme coins and AI coins. Three new wallets that have acquired almost 184 billion Shiba Inu (SHIB) tokens in the previous day were discovered by on-chain analysts, indicating a potential buying opportunity for investors.
A bullish development despite the low crypto market trading sessions may bring back recovery in Shiba Inu prices as whales were caught buying SHIB meme coins from the recent dip to $0.000026.
Three wallet addresses withdrew 184 billion Shib Inu (SHIB) tokens worth $5 million from crypto exchanges Binance and Coinbase in the last 24 hours, reported The Data Nerd.
Arkham Intelligence platform data, 0x5913 wallet address purchased 75.018 billion SHIB valued at $2 million from crypto exchange Coinbase in the last 24 hours. The whale made six transactions to grab SHIB from low prices.
Moreover, 0xf770 wallet address scooped 37.139 billion SHIB worth over $0.99 million from crypto exchange Binance in a single transaction. The whale has made significant gains in the last 24 hours on the purchased tokens.
Also, 0x6dFE purchased 71.832 billion SHIB worth $1.91 million from crypto exchange Coinbase. The whale made four transactions to grab SHIB tokens during the dip.
Also Read: Shiba Inu Emerges As Top Traded Crypto On WazirX In India
Shiba Inu price has rallied 350% year to date, still 200% upon despite recent correction. The rally most started with a crypto market recovery in January and picked pace during the meme coins frenzy.
SHIB price jumped 2% in the past 24 hours, with the price currently trading at $0.00002668. The 24-hour low and high are $0.00002560 and $0.00002748, respectively. However, the trading volume has decreased by 20% in the last 24 hours, indicating a slight decline in interest among traders.
SHIB burn rate also rose 4000% in the last 24 hours, signaling a recovery in prices in sight. Also, 1000SHIB futures open interest on Binance is rising in the last few hours.
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