Here’s what Shiba Inu [SHIB] holders should know before selling
Shiba Inu investors have been in a joyous mood over the past few days. To many, SHIB seems to be on a positive tangent. Whale accumulation, exchange listings, and update launches are giving good reasons for holders to stay jubilant.
SHIB investors are looking to make the most of the recovery of crypto-markets in July. SHIB itself has been witnessing some steady recovery over the last few days. At press time, SHIB was trading at $0.00001103 after eyeing a 4.10% price hike in 24 hours. The upticks can be attributed to a number of announcements on the Shiba Inu network of late.
Shiba Inu also recently surpassed the $6 billion market cap. This has enabled the meme-based cryptocurrency to go within touching distance of the likes of Avalanche and Polygon. In fact, a recent report also confirmed an uptick in whale transactions for Shiba Inu. The supply distribution by the balance on addresses confirmed that different whale classes have been accumulating.
Furthermore, SHIB recently broke into the top 500 Ethereum whales in USD terms. Recent whale accumulation has allotted wider participation of SHIB tokens among whales.
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