U.Today reported that after yesterday’s sell-off, SHIB rose by about 30% in one day. But then it fell back to the 15% daily gain.
Since November 26, SHIB has been fluctuating in a short-term and has not yet broken through any barriers.
Although some whale users bought a large amount of SHIB, the market did not seem to have any response. According to the trading volume index, the volatility rate of SHIB tokens is still very low due to the decrease in buying and selling pressure.
In addition, WhaleStats data shows that before the cryptocurrency market collapsed by more than 10% in one day, the 1,000 largest Ethereum wallets reduced their SHIB holdings by more than 8% by buying USDT and other stablecoins on the Ethereum chain. At present, the whale’s SHIB holdings have risen to the level before the revision. As of press time, there are still about $1 billion in holdings in the whale wallet.