Is Shiba Inu (SHIB) poised for a comeback? Recent whale activity suggests so. Amidst a market dip, a new Shiba Inu whale has made a significant splash, acquiring a massive 170 billion SHIB coins worth $8 million! This substantial purchase signals renewed confidence in the meme coin's potential.

The purchase comes as SHIB price jumps 4%, indicating a potential shift in market sentiment. While in the last 24 hours, whales have offloaded huge SHIB tokens, pushing the asset further into the red zone, this new acquisition provides a counter-narrative. Whale accumulation signals a recovery in Shiba Inu meme coin. This follows reports of other significant whale movements, including a Shiba Inu whale's acquisition of 220 billion tokens worth approximately $4.63 million that has stirred enthusiasm among investors, suggesting renewed bullish potential.

Furthermore, a significant whale moved over 1.6 trillion Shiba Inu coin (SHIB) tokens worth about $39 million from Crypto.com to private wallets, reigniting conversations around the much-talked-about token. This activity, along with the fact that three new whales grabbed over 184 billion Shiba Inu (SHIB) tokens amid the dip, emphasizes a growing interest from large investors.

Keep an eye on Shiba Inu. With whales making strategic moves, the future of this meme coin is looking increasingly interesting. Stay tuned for further updates on market trends and whale activity in the Shiba Inu ecosystem. Crypto analytics firm Lookonchain flagged a huge sale activity.