In what unfolds as an attention-grabbing spectacle within the cryptocurrency realm today, March 20, Shiba Inu’s marketing lead’s 40 million SHIB accumulation sparked immense curiosity among crypto market enthusiasts globally. Following its emergence amid the meme token’s recent dip below $0.00003, this accumulation rode the highly optimistic buy-the-dip wave, fueling optimism for the meme coin across the broader crypto market.

Meanwhile, Shiba Inu traded with quite the volatility today, recording pumps and slumps in hand. However, following the marketing lead’s purchase’s surfacing across the crypto horizon, the meme coin’s price promptly gained an upward momentum, birthing enthusiasm among crypto market investors.

LUCIE’s Post Fuels Optimism

According to the post shared by the marketing lead LUCIE on X, the community member made the colossal SHIB purchase, considering the ‘buy-the-sip’ market sentiment. As per her post, “If someone can pull a miracle recovery, it’s SHIB.”

This fueled immense optimism among crypto market traders and investors globally, as the marketing lead underscored the upcoming BTC halving’s potential uptrend impact on altcoins, encompassing Shiba Inu. Concerning which, LUCIE further added that an ATH remains imminent, propelling bullish thoughts on the token with the 40 million SHIB accumulation additionally weighing in.

Bought the DIP
My lovely $SHIB

If someone can pull miracle recovery it’s $SHIB

I’m expecting ATH soon before or shortly after BTC halving
nfa pic.twitter.com/lOXoHgHWUl

— 𝐋𝐔𝐂𝐈𝐄 | SHIB.IO (@LucieSHIB) March 20, 2024

Simultaneously, with the community’s recent developmental ventures, coupled with the SHIB token’s continued burning saga, the broader crypto industry eyes a positive outlook for the meme coin’s price action ahead. Shiba Inu mirrored this optimism, showcasing a notable jump as of press time.

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Shiba Inu Springs

As of writing, the Shiba Inu token’s price noted a 0.99% rise in the past 24 hours and is currently trading at $0.00002534. Following the illustration of a highly volatile movement today, the token cushioned its upward trajectory following LUCIE’s accumulation’s surfacing within the market.

However, it is crucial to note that the derivatives data continued to showcase a plunge in the meme coin’s open interest and volume, adding a splash of bearishness on Shiba Inu as it recorded quite the fall recently.

Nonetheless, as altcoins mimicked Bitcoin’s recent downturn, crypto market enthusiasts anticipate a repeat in performance during the impending BTC halving-induced surge. With this coming into play, escorted by Lucie’s accumulation, Shiba community’s recent advancements, and the continued burning of SHIB tokens, somewhat cushioned prices are expected. However, Shiba Inu’s marketing lead conveys firm hopes of a new ATH imminent.

Also Read: Peter Schiff Red Flags Bitcoin ETF Vulnerability to Market Crashes

The post Shiba Inu’s Lucie Buys 40 Mln SHIB Eyeing ‘Miracle Recovery,’ What’s Next? appeared first on CoinGape.

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Filed under: News - @ January 1, 1970 12:00 am