Shiba Inu on Verge of a Breakout as Whales Make Bold Moves

Shiba Inu (CRYPTO: SHIB), a competitor to Dogecoin (CRYPTO: DOGE), could potentially see a significant price surge due to a rise in whale activity, according to market intelligence firm Santiment.

Santiment’s study reveals that historically, large transactions by high-net-worth investors, often exceeding $100,000, have typically been followed by price peaks in digital assets.

This trend was notably observed in December 2017 when Bitcoin hit nearly $20,000 for the first time.

While heightened whale activity could potentially indicate an upcoming price drop, Santiment asserts that this isn’t always the case. …

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