Bitcoin

Shiba Inu

Whale activity in altcoins like Shiba Inu has risen sharply as their prices underwent strong declines.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/28918173051a43d388587779c7e4f2aa.gif" />Ad. Participate in Trigoz Airdrop &amp; Get $50 worth of OZ Tokens Free <a href="https://docs.google.com/forms/d/e/1FAIpQLSciKgFf70x1zJQZ2nukipsu8lX_21zHvrPbxPTMdmTmEC-CJg/viewform" rel="noopener noreferrer nofollow">Join Now</a>Throughout the week, the altcoin market has experienced intense selling, even without any clear major reasons, while enthusiasm for the Bitcoin ETF has diminished. Despite this, the recent price correction has led to an increase in whale activity, as confirmed by <a href="https://cryptosheadlines.com/justin-sun-transfers-4-3-million-worth-of-makerdao-tokens-to-binance-reveals-blockchain-data/" rel="noopener noreferrer nofollow">data from the blockchain</a>. Now, let’s examine a few altcoins that are showing heightened whale involvement.<h2 id="header-0">Shiba Inu’s Price Movement and High-Value Transactions</h2>The memecoin <a href="https://cryptosheadlines.com/shiba-inu-faces-decline-in-burn-activity/" rel="noopener noreferrer nofollow">Shiba Inu</a> (SHIB) attracted attention from cryptocurrency traders due to its strong price gains in August. However, the <a href="https://cryptosheadlines.com/four-trillion-shib-tokens-worth-32-million-moved-to-binance-will-shib-price-crash/" rel="noopener noreferrer nofollow">SHIB price</a> has gone through a considerable decrease. Currently, it’s down by 8% and trading at $0.000009304. The coin’s <a href="https://cryptosheadlines.com/usdt-market-cap-reaches-record-high-binance-ceo-cz-acknowledges-with-busd-tweet/" rel="noopener noreferrer nofollow">market cap</a> is around $5.4 billion.There has been a noticeable increase in the number of <a href="https://cryptosheadlines.com/shiba-inus-puppynet-testnet-records-10-million-transactions-highlights-ecosystem-tokens/" rel="noopener noreferrer nofollow">Shiba Inu transactions worth $1 million</a> or more. Even though SHIB’s <a href="https://cryptosheadlines.com/pepe-pepe-price-goes-up-100-after-okx-listing-announcement/" rel="noopener noreferrer nofollow">price surged at the beginning of August, many of its large wallets are now making significant transactions as the price goes</a> down. Overall, SHIB’s value increased by 8.6% in August. <a href="https://cryptosheadlines.com/surge-in-whale-activity-for-shib-xrp-and-other-altcoins-dumping-possible/" rel="noopener noreferrer nofollow">Read More...</a>

Surge in Whale Activity for SHIB – XRP and Other Altcoins: Dumping Possible?

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