Recently, a significant movement of $99 million in Shiba Inu tokens was recorded, leading to questions about a potential market correction. This activity coincides with the cryptocurrency's price drop of 7.77% to $0.0000237 after a steady two-week uptrend.
The decision by a 'whale' to move such a staggering amount of Shiba Inu tokens has cast uncertainty over its immediate price trajectory in an already volatile market.
This development is pivotal as Shiba Inu, a popular memecoin, has exhibited substantial volatility, causing both excitement and apprehension among investors and traders.
