Shiba Inu Price Prediction as $100 Million Trading Volume Comes In – Are Whales Buying SHIB at This Level?

The Shiba Inu price has dropped by 4% in the past 24 hours, falling to $0.00000656 as the cryptocurrency market continues to weather the storm caused by the SEC's recent actions against Binance and Coinbase.

SHIB's current price means it has declined by 17% in the past week and by 25% in the last 30 days, with the meme token also down by 19% since the beginning of the year.

However, today's decline has seen SHIB's 24-hour trading volume rise back up to $100 million, providing the kind of activity that may help it mount a recovery in the coming days.

And with signs suggesting that whales may have begun buying SHIB at a discount, it may not be long before it does return to growth, especially with layer-two network