Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion.

Shiba Inu [SHIB] saw a slight damper in its price movements in the last week of trading as it was trading at $0.00000903 at press time.

While the price saw a drop much like all other meme coins in the market, there has been a spike in the transactions.

The growth of non-zero addresses indicates that traction on the Shiba Inu network was increasing. It also suggests that more market participants are embracing SHIB and doing their first transactions with the token.

Now let us dive into some details about the coin and what ChatGPT has to say about its price movement in the future.

The hype around SHIB

A renowned crypto expert named Ali recently stated that SHIB was seeing a surge in buying activity.

Notably, there has been a large outflow of over 8 trillion SHIB from recognized crypto exchange wallets since November 2023.

#ShibaInu | Since November, there’s been a massive withdrawal of over 8 trillion $SHIB from known #crypto exchange wallets – that’s valued at approximately $88 million! pic.twitter.com/RLFA8N0dLI

— Ali (@ali_charts) December 24, 2023

Popular sports personalities like SHIB too, with Filipino boxing legend Manny Pacqu

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Author: AMBCrypto Team

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