Shiba Inu has skyrocketed in bullish whale activity
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Large holders, or whales, are anticipating this price movement. They are buying SHIB tokens in huge numbers ahead of this potential rally. More than 1.3 trillion SHIB coins, according to CryptoQuant, were from cryptocurrency exchanges on Oct. 29. This huge rise in exchange outflows shows the strong buying trend for the coin.Bitcoin Dominance Hits 60% as BTC Price Hits $73K
The buying spree for whales is crucial. They are renowned for holding a coin for the long term without indulging in short term or panic selling. Whales typically do not put intense selling pressure on a coin. For Shiba Inu, the rising whale purchase is a strong bullish signal, which is critical for its potential price rally.Meanwhile, the meme coin is currently trading at $0.00001854 after a decrease of 1.56% in the last 24 hours. Shiba Inu was trading at $0.
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