Shiba Inu Whale Activity Soars 588% as Investors Look To Market Recovery

In less than 48 hours, amid chaos, extreme fear, greed and uncertainty in the crypto market, Shiba Inu whale activity has soared despite its bearish price. In the midst of market fluctuations, Pawfury (PAW) is emerging as a presale favorite, attracting investors with the promise of high returns and a more predictable trajectory compared to established coins.

Pawfury (PAW) – A New Top-Tier Contender 

Pawfury (PAW) is rapidly emerging as a top-tier contender in the cryptocurrency market. With its unique blend of advanced technology and practical utility, Pawfury (PAW) sets itself apart from other coins. Making it an attractive investment option. Backed by a strong and growing community and continuous development, Pawfury (PAW) demonstrates significant growth potential. This strategic positioning and innovative approach make Pawfury (PAW) a standout choice for investors looking for high returns in a competitive market.

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Strategic Investment Approach in Pawfury The presale of Pawfury is strategically designed to benefit investors and ensure fair token distribution. With several stages and price increases, early participants enjoy lower entry costs. This structure not only generates excitement but also attracts necessary capital, boosting liquidity and market stability.

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Shiba Inu’s Wild Ride: A 48-Hour Rollercoaster

Thanks to on-chain data, we can estimate how much SHIB was traded in the midst of this price turbulence. Especially by the biggest players — whales, as they are called in the financial markets — who are responsible for moving the price and setting the trends here.

On-chain data reveals that over 24 hours, 9 trillion SHIB ($119.82 million) changed hands in large transactions, comprising 185 transactions of at least $100,000 each. This surge in whale activity represents a staggering 588% increase from the previous day’s 1.53 trillion SHIB turnover, indicating renewed interest from major players and potentially setting the stage for further price action.

Market Implications: What SHIB’s Whale Activity Means for Investors

The surge in whale activity suggests several key points for investors to consider. Firstly, it indicates strong buying interest at lower price levels, potentially establishing a new support zone. Secondly, it hints at the potential for short-term price volatility as large holders move their assets. Lastly, it may signal renewed confidence in SHIB’s long-term prospects among significant investors.

Conclusion

Shiba Inu whale activities is an interesting prospect but it remains to be seen if it affects its price positively. Pawfury provides an alternative with its lucrative presale and 10% extra bonus. However, it is important that investors do their own research and due diligence.