Shiba Inu: Inexplicable 'buying' activity seen on SHIB, here's what transpired SHIBCommunity ShibArmy
, Shiba Inu was one of the top 10 most purchased assets among the top 2,000 ETH whales just 24 hours ago. The motive behind the massive purchases is still unknown. Whales typically use a period of accumulation and a dip to load up tokens at a discount. This might be one of the reasons for Ethereum whales purchasing Shiba Inu.Additionally, the anticipation of wider adoption and impending launches may play a role.
Shiba Inu just revealed its historic partnership with The Third Floor for the building of its SHIB.io Metaverse, so Ethereum whales may see this as further positive potential to go by.Shiba Inu's price dipped to a low of $0.00001197 on Aug. 9 as the market braced for the incoming U.S. inflation stats. The arrival of lower-than-expected inflation stats bodes well for the cryptocurrency market. Shiba Inu responded likewise by reaching a high of $0.0000125, as seen at press time.
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