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The price of Shiba Inu is at a crossroads: Whale moved 675 billion SHIB after profit-taking in 3 days
The price of Shiba Inu has dropped 5% in the past 24 hours, reaching $0.000024 on Sunday, January 5th, while competitors like DOGE and PEPE have reached new highs. On-chain data shows that Whales have made large-scale acquisitions during the price drop. Will the price of SHIB rebound significantly soon?
The price of Shiba Inu remains at 0.000023 dollars during a 5% pullback.
Compared to the broader cryptocurrency market trends, Shiba Inu (SHIB) has underperformed in the past 24 hours. While Dogecoin (DOGE) and PEPE have respectively surpassed the levels of $0.40 and $0.00020, SHIB has struggled to keep up with the trend.