Shiba Inu Maintains Key Support Level Amid Whale Sell-Off

Shiba Inu is trading near $0.00000516 following a 4% rebound earlier this week. Since August 22, whale wallets holding between 1 million and 100 million SHIB have sold 40 billion tokens, while smaller whales accumulated 990 million SHIB. Additionally, the long-to-short ratio of 0.93 indicates a bearish sentiment in the derivatives market.