$SHIB price performance was not as good as one would desire, but at the same time, the overall number of whales is increasing
token has seen a remarkable 5% increase in the number of holders who have become trillionaires, bringing the total count to 42. This growth has also occurred in the segment of investors holding between 1 million and 10 million SHIB tokens. The surge in the number of whales, or large token holders, can have significant implications forThe growth in the number of Shiba Inu trillionaires can be interpreted in multiple ways from a market perspective.
Conversely, an increase in whale activity could also be a cause for concern. With a higher concentration of wealth in the hands of a few holders, the market becomes more susceptible to manipulation and large price swings. In such a scenario, a single sell-off by one of the whales could trigger a domino effect and lead to a significant drop in the token's value.In the case of Shiba Inu, the token has experienced a 7% decline in its value over the last six days, trading at $0.00001.
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