The crypto market correction is still going on and some whales have made purchases of 171 billion Shiba Inu (SHIB).
The first transaction done yesterday saw SHIB bought up to $ 6 million worth of. Back then, the meme token’s trading price was at $ 0.000049.
Later, the whale made a second SHIB purchase worth $ 2.3 million when the asset price was at its lowest level, $ 0.000048.
The activity of most whales taking chances when the market is turbulent brings SHIB price expectations to make a u-turn.
However, as of this writing, the Shiba Inu is still trading at a flat price of $ 0.000048.
Based on observations, SHIB has slipped more than 10% since yesterday from a daily high, 0.000053 to a daily low, $ 0.000047 today.
Trading volume records show that almost 98% of retail investors are not interested in speculating on SHIB tokens.
One of the main factors is due to the sharp decline in interest, driven by a large loss of SHIB value if it is again faced with a correction of 40%.
However, it is impossible for the SHIB price to continue to decline as long as there is demand for this asset.