Rakuten Listing Sparks Renewed Interest in Shiba Inu Price Prediction

Rakuten Wallet's listing of Shiba Inu (SHIB) for spot trading has added to the growing institutional access and whale activity surrounding the cryptocurrency.

Whales have been accumulating large quantities of SHIB, with recent data showing that over 30 billion tokens were pulled from exchanges in a single week. This surge in buying activity has sparked renewed interest in the cryptocurrency's price prediction, with some forecasting significant gains in the coming months.

However, despite these positive signs, SHIB still trades at 93% below its all-time high. The cryptocurrency's market capitalization of $3.5 billion is also dwarfed by its supply of 589 trillion tokens, limiting its potential for growth.