Shiba Inu whale reactivates after almost two years, will SHIB react?

A dormant Shiba Inu whale resurfaced, transferring a substantial volume of SHIB tokens. Speculation on future trajectory ensues as volume analysis reveals low activity hindering price rally.

Timeline of Shiba-inu

A massive Shiba Inu ($SHIB) whale that has seemingly been dormant for nearly half a year has recently reawakened and resumed its trading activity, moving over 4 trillion SHIB to a number of different addresses out of its over 100 trillion war chest.

Blockchain data shows that a substantial majority of Shiba Inu ($SHIB) holders are in a losing position at current price levels, with a staggering near 85% of investors currently being in the red, equivalent to 1.06 million addresses.

The Shiba Inu price has resorted to a very tight trading range as bulls and bears slug it out. In the last three days, SHIB has traded in a narrow range with the appearance of what seems to be a Doji pattern on its chart.

The Shiba Inu token, known for its popularity among crypto enthusiasts, is facing a major setback as the percentage of tokens carrying losses to their holders has surpassed a critical threshold. According to crypto analytics portal IntoTheBlock, over 90% of the total SHIB supply is currently incurring losses, with an additional 2.54% on top.

A dormant Shiba Inu (SHIB) whale with over 100 trillion SHIB holdings recently moved 10 trillion tokens worth $75.2 million to multiple new addresses within 24 hours. Blockchain surveillance platform Lookonchain highlighted the latest development in a tweet.

In a jaw-dropping discovery that has sent shockwaves through the Shiba Inu community, a dormant whale has emerged from hibernation. This anonymous early investor, who holds a staggering 10.15% of the total SHIB supply, has recently made significant moves, causing speculation within the community.

The largest holder of Shiba Inu (SHIB) tokens, known as a "whale" in crypto parlance, has moved four trillion SHIB tokens (approximately $29.8 million) to eight new addresses today, according to blockchain data platform Lookonchain.

Shiba Inu (SHIB) has made significant strides in the digital asset market, currently holding a market capitalization of over $4.4 billion. This remarkable achievement has propelled SHIB to claim the 18th position among the largest cryptocurrencies.

Shiba Inu News: Giant Shiba Inu (SHIB) whale “0x1406” woke up after 157 days of dormancy to distribute 4 trillion SHIB tokens worth 8 new wallets. The whale is known as the largest holder of SHIB tokens and moves may have come in response to Shiba Inu lead developer Shytoshi Kusama's announcement on the Shibarium

The Shiba Inu token, SHIB, has witnessed an astounding rise in market capitalization, soaring by half a billion dollars in less than 30 days, according to data from CoinMarketCap. This meteoric surge can be largely attributed to the impressive growth in the token's price, defying expectations following a significant 31% plunge in a single day.