Shiba

Shiba Inu

Time

Trillion

<a href="https://bitcoinist.com/shiba-inu-pepe-whales-sold/" target="_blank" rel="noopener ">Shiba Inu (SHIB) whales</a> are at it again, with <a href="https://bitcoinist.com/shiba-inu-transactions-spree/" target="_blank" rel="noopener ">large transactions</a> involving the meme coin recorded lately. These high-volume transactions have piqued the interest of other investors, who have deliberated on whether this could be the perfect opportunity to accumulate the <a href="https://bitcoinist.com/shiba-inu-dogecoin-shib-excitement/" target="_blank" rel="noopener ">meme coin</a>.&nbsp; 
<h2 id="b-shiba-inu-whale-transfers-2-trillion-shib-tokens-b">Shiba Inu Whale Transfers 2 Trillion SHIB Tokens&nbsp;</h2> 
On-chain analytics platform Whale Alert revealed in an X (formerly Twitter) <a href="https://x.com/whale_alert/status/1772830256468042099?s=20" target="_blank" rel="noopener nofollow">post</a> that 2 trillion SHIB were transferred from a Kucoin-linked wallet (Kucoin 6) to another Kucoin-linked wallet (Kucoin 20). Interestingly, this came <a href="https://bitcoinist.com/kucoin-faces-doj-prosecution/" target="_blank" rel="noopener ">amidst the charges leveled</a> against the exchange and its founders.&nbsp; 
On-chain data further revealed that the receiving wallet began to transfer these <a href="https://bitcoinist.com/shiba-inu-burn-rate-17000/" target="_blank" rel="noopener ">SHIB tokens</a> across different wallets. While the nature of the transactions remains unknown, the troubled crypto exchange may have made these transfers to meet customers’ demands.&nbsp; 
If so, that signifies a bullish sentiment among SHIB whales, who still want to purchase as much of the meme coin as possible. For instance, the Kucoin 20 wallet, which received the 2 trillion SHIB tokens, <a href="https://etherscan.io/tx/0x8bcd935f10d855019fd3207a422ec2a87cf9fcc19ce812664c39a916c1033319" target="_blank" rel="noopener nofollow">transferred</a> over 35 million SHIB to an unknown wallet, and that wallet hasn’t moved the SHIB tokens since then, which suggests they could be long-term holders.&nbsp; 
<img loading="lazy" decoding="async" class="aligncenter size-full" src="https://www.tradingview.com/x/hcTQ3Clo/" width="1835" height="883"> 
Another wallet that also <a href="https://etherscan.io/tx/0xa63c6d609c837eaecb72263f2504ed0975f9348e689237ab69c1ccf3ac376d5c" target="_blank" rel="noopener nofollow">received</a> 4.7 million SHIB tokens from the Kucoin 20 wallet moved its holdings to a <a href="https://bitcoinist.com/shiba-inu-exchanges-2-year-low/" target="_blank" rel="noopener ">warm wallet</a>, possibly due to Kucoin FUD, and in a bid to preserve its holdings. The moves made by these wallets underline the <a href="https://bitcoinist.com/shiba-inu-latest-developments-2/" target="_blank" rel="noopener ">bullish outlook</a> for the SHIB token, with large-scale investors having no intention of disposing of their tokens anytime soon.&nbsp; 
Meanwhile, it is worth mentioning that the Kucoin 20 wallet transferred 1.4 trillion <a href="https://bitcoinist.com/shiba-inu-shib-magazine/" target="_blank" rel="noopener ">SHIB tokens</a> back to the Kucoin 6 wallet. Those tokens are still in the wallet and haven’t been moved since then.&nbsp; 
<h2 id="b-time-to-buy-shiba-inu-b">Time To Buy Shiba Inu?</h2> 
Crypto trader and analyst Xanrox had <a href="https://bitcoinist.com/shiba-inu-surge-crypto-shib/#:~:text=Shiba%20Inu%20To%20See%20A%20300%25%20Gain%20Before%20Year%2Dend&amp;text=Looking%20at%20SHIB's%20chart%2C%20the,invest%20in%20the%20crypto%20token." target="_blank" rel="noopener ">previously advised</a> investors to load their SHIB bags at the $0.0000212995 price level. However, with SHIB trading far above that level, there is the feeling that it may never return to that entry point, especially with crypto expert Rekt Capital <a href="https://www.newsbtc.com/shiba-inu/shiba-inu-price-mirrors-2021/#:~:text=Crypto%20expert%20Rekt%20Capital%20has,ATH)%20and%20even%20surpass%20it." target="_blank" rel="noopener nofollow">recently stating</a> that the meme coin has built support at the <a href="https://bitcoinist.com/shiba-inu-price-0-0001-target/" target="_blank" rel="noopener ">$0.000026041 price level</a>. 
Although Xanrox’s entry point may have been missed, investing in SHIB right now still looks like a good move based on the <a href="https://bitcoinist.com/122000-surge-shiba-inu-price/" target="_blank" rel="noopener ">predictions</a> of different analysts. This includes Xanrox, who hinted that SHIB could rise to a new all-time high (ATH) by July. Meanwhile, analysts like Oscar Ramos have <a href="https://bitcoinist.com/shiba-inu-price-100-0-0001/" target="_blank" rel="noopener ">predicted</a> that SHIB could shed another zero on the road to $0.0001.&nbsp; 
At the time of writing, SHIB was trading at around $0.00003029, down over 2% in the last 24 hours, according to <a href="https://coinmarketcap.com/currencies/shiba-inu/" target="_blank" rel="noopener nofollow">data</a> from CoinMarketCap. 
Featured image from Pexels, chart from TradingView

Shiba Inu Whales Make Big Moves – Is It Time To Buy?

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