Shiba Inu (SHIB) whales have been making significant transactions involving the meme coin recently, sparking interest among other investors. This has led to speculation on whether now is the right time to invest in the meme coin.

According to on-chain analytics platform Whale Alert, a whopping 2 trillion SHIB tokens were moved from one Kucoin-linked wallet to another. Despite controversies surrounding the exchange, the receiving wallet proceeded to transfer these tokens to various other wallets, possibly to satisfy customer demands.

The movement of these tokens indicates a positive sentiment among SHIB whales who continue to accumulate the meme coin. Wallets receiving large amounts of SHIB tokens have either held onto them or made strategic transfers to safeguard their holdings amidst uncertainties in the market.

While crypto experts may have initially advised buying SHIB at lower price levels, the current market conditions suggest that investing in SHIB at its current price may still be a viable option. With different analysts predicting a potential rise in SHIB's value, including a new all-time high in July, now may be a good time to consider investing in Shiba Inu.