🐶 $SHIB drops nearly 12%, are whales 'opening a buffet'?
Shiba Inu just 'wagged its tail and plummeted' nearly 12%, causing small holders to panic sell, while the whales... quietly swallowed over 4.6 trillion SHIB! It seems that when the public is scared, they see... the drop as an opportunity for a 'sale off'.
📉 While the SHIB burning rate – which is the 'deflationary trick' of the dev team – plummeted by 95%, the trading volume surged to over 4.3 trillion tokens. It seems the market is in a state of 'out of control, but happy'.
⚔️ Technically, SHIB is balancing between the 200-day SMA and the Ichimoku cloud. The 0.000014 USD level is where whales are happily swimming, while 0.0000142 USD is the heavenly gate that no one can open. If it breaks through, SHIB could soar to 0.000015–0.0000155 USD. Otherwise, it will... test the bottom at 0.0000135 USD for some spring water.
🧙♂️ Although it's unclear whether SHIB will 'transform' or 'hibernate', one thing is certain: whales don't burn money out of boredom, and the market always loves those who don't fomo against the trend.
