Shiba Inu Coin Price Prediction: SHIB 10 Cents Soon?

The Shiba Inu (SHIB) community is buzzing with excitement following a massive transaction involving over 4 trillion SHIB coins, valued at over $42 million. This significant movement, detected by Whale Alert, suggests a growing interest in SHIB, not just as a meme coin but as a serious player in the crypto market. The transfer, which did not involve any exchanges, has sparked speculation about whether it’s an over-the-counter trade or a strategic move by a major whale.

SHIB’s Price Surge and Token Burns

SHIB’s price has seen a notable increase, with a 16.22% surge followed by a 9.71% decline, and then a 10% comeback, revisiting the $0.00001042 level. Adding to the excitement, the Shiba Inu development team has burned 8.2 billion SHIB, contributing to the token’s scarcity and potential value increase.

The Threat of a Whale Sell-Off

However, there’s a looming threat over SHIB’s bull run. Crypto analyst Ali Martinez warns of a significant hurdle that could impact SHIB‘s growth. According to data from IntoTheBlock, nearly 90,000 addresses hold a staggering 422 trillion SHIB at an initial price of $0.000016. If these holders decide to sell off their tokens, it could lead to a substantial price correction due to the influx of tokens in the market.