Shiba Inu (SHIB) price has been under selling pressure and trading in a downtrend. However, a major whale wallet recently accumulated 397.845 billion SHIB tokens, indicating strong confidence.
Shiba Inu is also developing new features including Shibarium, ShibaSwap, and a burn portal, which are expected to enhance its ecosystem significantly. Additionally, SHIB has partnered with the International Indian Film Academy Awards (IIFA), further boosting its visibility.
Analysts are optimistic and predict that these developments could lead to a potential price breakout for SHIB in the near future.