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] has seen a significant rise in buying pressure over the last several days. When buying pressure increases, it signals the start of a bull run. Over 30,000 Shiba Inu non-zero addresses were converted to wallets with a balance between October and the time of writing.

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 the coin

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 Man

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Author: AMBCrypto Team

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