728 Billion SHIB Inflow Surge in Whale Wallets: What’s Going On?
Main Idea
Shiba Inu (SHIB) has experienced a significant price surge and increased whale accumulation, sparking interest in its potential for a fresh rally.
Key Points
1. Shiba Inu's price rose 25% in July, reaching $0.00001422, with a peak of $0.00001484 on July 16.
2. Large holders' inflow of SHIB surged from 245.01 billion to 973.1 billion SHIB in three days, a 728 billion SHIB increase.
3. SHIB's market valuation reclaimed the $8 billion threshold, currently at $8.39 billion, amid rising expectations for AI-focused activities in its ecosystem.
4. The SHIB token's daily relative strength index is at 70, commonly regarded as an overbought level, indicating potential short-term bullish momentum.
5. SHIB has outperformed Bitcoin this month, with a 25% increase compared to Bitcoin's 10% gain.
Description
Shiba Inu price has risen 25% so far in July
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