Shiba Inu (SHIB) has raised concerns within the crypto community due to scam alerts and mixed technical signals. The concentration of large amounts of SHIB in whale addresses is significantly impacting its market dynamics.
These whale addresses holding substantial SHIB quantities are influencing the price movements, creating an environment of uncertainty for smaller investors and traders.
This scenario adds to the complexity of trading and investing in SHIB, highlighting the risk factors associated with holding or entering this cryptocurrency.
