Shiba Inu Whale transactions are steadily on the rise, with transactions reaching over $61 million. Accumulation of SHIB among whales has been increasing recently, with transactions over $100k skyrocketing.
Earlier today, SHIB was experiencing a 6.45% decline in daily value. Despite this though, whales are still scooping up as much SHIB as possible. Investors are likely looking to take advantage of the decline in hopes that SHIB will see a bullish run very soon. Whales scooped up a massive 2.49 trillion SHIB, according to IntoTheBlock. The number of large SHIB buyers also saw an increase to 146.
According to data from market intelligence provider IntoTheBlock, large Shiba Inu whale transactions worth at least $100,000 have increased in the past seven days. According to the resource, the number of these transactions skyrocketed to 40 on June 5, following a drop to 16 on June 1.
Despite the current bear market in SHIB, it appears that whales are still bullish for Shiba Inu. According to price predictions, analysts expect SHIB to rise in value over the next month.