Shiba Inu saw solid 500% increase in amount of whale transactions
lingo, this could signify a period of accumulation. Whales might be stockpiling SHIB tokens, perhaps in anticipation of a forthcoming price rally or some other significant event.
Now, why would whales choose a period of low volatility for accumulation? Simple. It is less noisy, and the market is less likely to react immediately to large buy orders, allowing for a more discreet accumulation process. It is like quietly filling your plate at a buffet before anyone else notices the best dishes are running out.But let's not get carried away. While increased whale activity is often a bullish sign, it is not a guaranteed ticket to the moon.
So, should you follow the whales? That was a personal decision and should be made based on thorough research and risk assessment. But keeping an eye on the token will not cause any harm.
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