Shiba Inu (SHIB) Sees 12% Recovery Amid Whale Activity and Community Challenges
Main Idea
Shiba Inu (SHIB) has seen a 12% price recovery driven by increased whale activity, but low trading volume raises concerns about the sustainability of this rally.
Key Points
1. SHIB’s price is currently at $0.00001368, reflecting a 5.77% increase.
2. Whale transactions surged by over 525% in the last 48 hours, with many valued between $1 million and $10 million.
3. Trading volume remains low, down 28.44% at $228.63 million, which could hinder SHIB’s upward momentum.
4. Shiba Inu developer Kaal Dhairya has proposed a community election for a SHIB president, facing backlash from some community members.
Description
Shiba Inu (SHIB) has recovered 12% recently, driven by increased whale activity and a bullish sentiment in the market, raising hopes for further price increases. SHIB’s price is currently at
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