Shiba Inu Faces Spike in Purchases After Reaching Fundamental Support
Aliens TLDR
Shiba Inu's price performance after the all-time high was a complete disaster for any retail investor who held through until $0.00001, which also makes the profitability of the token for whales close to zero.
While various traders and investors see Shiba Inu falling to "zero," whales might slowly take control over the supply and then ease the selling pressure on the memetoken, which at some point was the main competitor of Dogecoin, which has also lost over 80% of its value since the ATH.
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