LookOnChain, a cryptocurrency research firm, reports two Shiba Inu Whales who spent $35 million on 1.356 billion SHIB Tokens. They used nine different wallets for their respective purchases of $0.00002596 per token.
Also Read: Shiba Inu: Early Investor Buys $3.8 Million SHIB, Price Jumps 10%
SHIB has dropped in price despite the huge purchase by whales. Popular dog-themed cryptocurrency is down 0.7% on the daily charts, and 7.6% on the weekly chart. SHIB is up 0.6% on the chart for the next 14 days and by 8.3% compared to the prior month. SHIB’s price has risen by almost 219% in the last six months.
![](https://fxruhanahmed.com/2/wp-content/uploads/2024/06/2-Whales-Buy-35-Million-Worth-of-SHIB-Amid-Price.png)
Will Shiba Inu (SHIB’s) price recovery over the next Few days?
![shiba inu shib eclipse](https://fxruhanahmed.com/2/wp-content/uploads/2024/04/Heres-When-SHIB-May-Reclaim-Its-Peak-of-0000086.jpg)
![shiba inu shib eclipse](https://fxruhanahmed.com/2/wp-content/uploads/2024/04/Heres-When-SHIB-May-Reclaim-Its-Peak-of-0000086.jpg)
Many analysts expect SHIB will recover in the future, despite the recent correction. next Few weeks.
Also Read: Shiba Inu: $100 Weekly Since Launch Turns to $594 Million in 2024
CoinCodex predicts Shiba (SHIB), to break the $0.00003 barrier this week and reach $0.00003107 by Sunday, June 9th 2024. Also, CoinCodex predicts SHIB’s new record high will be $0.00008723 in July 2024. To reach $0.00008723 at current levels, a 241% increase would be required.
![](https://fxruhanahmed.com/2/wp-content/uploads/2024/06/1717686176_930_2-Whales-Buy-35-Million-Worth-of-SHIB-Amid-Price.png)
![](https://fxruhanahmed.com/2/wp-content/uploads/2024/06/1717686176_930_2-Whales-Buy-35-Million-Worth-of-SHIB-Amid-Price.png)
Changelly SHIB is also given a bullish outlook. According to the platform, dog-themed cryptocurrency will hit $0.00003105 Sunday June 9, 2024. Changelly predicts that SHIB is also going to reach an all-time record high very soon. SHIB is expected to hit $0.00008766 by July 3, 2024, according to the platform.
Also Read: Shiba Inu: How To Be a Millionaire When SHIB Hits $0.0003?
Changelly and CoinCodex both expect SHIB will rally above the next Early July saw a new record-breaking high. SHIB may consolidate, or fall, if the sentiment on the market does not improve.
“This article is not financial advice.”
“Always do your own research before making any type of investment.”
“ItsDailyCrypto is not responsible for any activities you perform outside ItsDailyCrypto.”
Source: watcher.guru