Crypto Whales Inject Billions into SHIB Amid Price Slump

Despite a recent price dip, prominent crypto investors known as whales have shown renewed interest in Shiba Inu (SHIB). Over 874 billion SHIB tokens were recently purchased by these whales, following a significant drop of 17.1% in the past two weeks. This decline has caused SHIB to reach a 13-month low and dip below $0.00001 for the first time since February 2024. The dog-themed meme coin, Shiba Inu, continues to attract attention in the volatile cryptocurrency market.