SHIBA INU or SHIB is seeing fresh whale activity after recovering from a 24% price drop. This has reignited commotion about the memecoin. In this case, long time holders of SHIBA seem to be cashing in on the spike, while MAGACOIN FINANCE, a newcomer, has become the center of attention across topics for quite different reasons; the booming presale, FOMO, and forecasts of early ROI at 25x.

SHIB was expected to retrace after peak earlier this year on March 26, outperforming the $0.00001566 mark. Currently the price sits at $0.00001196. Whales have purchased 700 billion tokens while retail investors have bought an additional 1.48 trillion. And while this SHIB dip is part of the $280 billion market correction, it does seem as if the dip is providing the optimal conditions for strategic investment.