Global #Shiba Inu (SHIB)

The cryptocurrency market has been experiencing a significant upswing, with meme coins like Dogecoin (DOGE) and Shiba Inu (SHIB) leading the charge.

Shiba Inu (SHIB) has been in the headlines recently, with whale activity spiking over the past day. According to on-chain data, a whopping 1.55 trillion SHIB tokens were transferred by large holders within the last 24 hours, amounting to roughly $26.6 million at current prices.

The popular dog-themed cryptocurrency, Shiba Inu (SHIB), is facing a pivotal moment as it hovers around the critical price level of $0.000018, a point where a staggering 416.38 trillion SHIB tokens were previously bought by nearly 20,000 addresses.

Bitcoin remains a prominent player in the cryptocurrency market, but investors are also keenly interested in potential altcoin opportunities. Four altcoins drawing attention from Bitcoin investors include PawFury (PAW), Shiba Inu (SHIB), Solana (SOL), Ripple (XRP), and Ethereum (ETH).

Dogwifhat (WIF) has experienced a significant 10.22% drop in the last 24 hours, raising concerns among analysts about potential repercussions for the meme coin. Currently priced at $3.37, this decline follows a recent dip below crucial support levels at $2.96 on May 27.

A crypto trader who suffered a significant loss of over $2 million during the previous market cycle by investing in Shiba Inu (SHIB) at its peak and selling at the bottom has now made a notable move by purchasing $1 million worth of PEPE.