Explosive nature of $SHIB rally and lack of fundamental support lead to expected market move
According to on-chain data, the total number of large transactions on the network has spiked by more than 11%. In terms of the large movement of funds from wallets, this is an enormous amount that clearly shows that whales took part in the most recent retrace.
Further confirmation of a whale-driven retrace is tied to the abnormal selling volume across different exchanges, which could not have occurred only with the support of small retail investors.Explosive rallies are extremely attractive and usually make people dive into assets without thinking about volatility. Shiba Inu showed yesterday why it is important to evaluate your risks and hedge your positions.
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