Shiba

FOMO

Shiba Inu

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 <p class="paragraph">Observing the movements of smart <a rel="noopener noreferrer nofollow" title="whale" href="https://thebittimes.com/tag/whale.html">whale</a>s can provide valuable insights for crypto traders and investors navigating the waters of cryptocurrency. These highly capitalized addresses have a profitable trading history.</p>
 <p class="paragraph">On May 1, an anonymous wallet executed a major transaction on the Robinhood exchange, acquiring 1.75 trillion Shiba Inu (SHIB) tokens, valued at approximately $40 <a rel="noopener noreferrer nofollow" title="million" href="https://thebittimes.com/tag/million.html">million</a>.</p>
 <p class="paragraph">The data from <em>Whale Alert</em> shows that this substantial acquisition involved two separate transfers, each moving 875 billion SHIB in under a minute.</p>
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    </path> <path d="M15.996 18.6668L20.4626 14.2815C20.738 14.0166 20.9571 13.6989 21.1068 13.3473C21.2564 12.9957 21.3336 12.6176 21.3336 12.2355C21.3336 11.8534 21.2564 11.4752 21.1068 11.1236C20.9571 10.7721 20.738 10.4543 20.4626 10.1895C19.9074 9.64148 19.1587 9.33422 18.3786 9.33422C17.5985 9.33422 16.8498 9.64148 16.2946 10.1895L15.996 10.4801L15.6973 10.1881C15.1423 9.64023 14.3938 9.33301 13.614 9.33301C12.8341 9.33301 12.0856 9.64023 11.5306 10.1881C11.2552 10.453 11.0361 10.7707 10.8865 11.1223C10.7368 11.4739 10.6597 11.852 10.6597 12.2341C10.6597 12.6162 10.7368 12.9944 10.8865 13.346C11.0361 13.6975 11.2552 14.0153 11.5306 14.2801L15.996 18.6668Z" fill="#EF4444"> 
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    <p lang="en" dir="ltr">875,000,000,000 #SHIB (19,666,682 USD) transferred from #Robinhood to unknown wallethttps://t.co/hxSvwFxC0E</p>— Whale Alert (@whale_alert) May 1, 2024
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    <p lang="en" dir="ltr">875,000,000,000 #SHIB (19,679,610 USD) transferred from #Robinhood to unknown wallethttps://t.co/6shZCvoacJ</p>— Whale Alert (@whale_alert) May 1, 2024
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 <p class="paragraph">The massive transactions occurred from Robinhood to the wallet address ‘0x73AF3bcf944a6559933396c1577B257e2054D935.&nbsp;</p>
 <p class="paragraph">According to <em>Etherscan</em> data, this wallet has previously moved SHIB to and from Robinhood as well. Over the past month, this address has engaged significantly in the SHIB market with high-volume transactions.&nbsp;</p>
 <p class="paragraph">Notably, it transferred 3 trillion SHIB into Robinhood on April 24, showcasing a pattern of regular inflows and outflows with the platform. This behavior underscores its considerable influence in the market, with the wallet currently holding over 5.88 trillion SHIB, valued at approximately $128 <a rel="noopener noreferrer nofollow" title="million" href="https://thebittimes.com/tag/million.html">million</a>.</p>
 <h2 class="wp-block-heading" id="h-market-impact-and-predictions">Market impact and predictions</h2>
 <p class="paragraph">Professional crypto trader <em>Ali Martinez</em> mentioned in a post on X (formerly Twitter) recently that Shiba Inu appears to be forming a bull flag on its daily chart. A bull flag is a bullish pattern, suggesting that the crypto asset is poised for further upward movement. Anticipating this, the crypto analyst revealed that he is placing buy orders around $0.000018343, aiming for a bullish breakout that could propel Shiba Inu’s price to $0.000072323.</p>
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   <blockquote class="twitter-tweet" data-width="500" data-dnt="true">
    <p lang="en" dir="ltr">#ShibaInu appears to be forming a bull flag on the daily chart! I'm placing buy orders around $0.000018343, aiming for a bullish breakout that sends $SHIB to $0.000072323.<br><br>So, if you want to join me in this trade, head to @coinexcom and sign up using my referral link… pic.twitter.com/er1gE0lozV</p>— Ali (@ali_charts) May 1, 2024
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 <p class="paragraph">Despite the market’s recent dips, the trading volume and wallet activities suggest continuous interest in Shiba Inu tokens, highlighting the volatile yet intriguing nature of cryptocurrency investments.&nbsp;</p>
 <p class="paragraph">According to data from <em>Coinmarketcap</em>, the Shiba Inu daily trading volume has risen approximately 40%. This surge is driven mostly by the Binance crypto exchange, whose Japanese arm announced a number of sought-after trading pairs, including SHIB.</p>
 <h2 class="wp-block-heading" id="h-shib-price-analysis">SHIB price analysis</h2>
 <figure class="wp-block-image size-full"><img decoding="async" width="720" height="562" src="https://cdn.thebittimes.com/images/2024/05/03/2ca0173c5c72f30086c165f0792d5232.webp" alt class="wp-image-173706" srcset="https://cdn.thebittimes.com/images/2024/05/03/2ca0173c5c72f30086c165f0792d5232.webp 720w, https://cdn.thebittimes.com/images/2024/05/03/2ca0173c5c72f30086c165f0792d5232.webp 300w" sizes="(max-width: 720px) 100vw, 720px">
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   SHIB 1 day price chart. Source. <em>Finbold</em>
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 <p class="paragraph">As of press time, Shiba Inu was changing hands at a price of $0.00002363, recording an increase of 3.18% in the last 24 hours. The current market activity surrounding Shiba Inu reflects a vibrant and dynamic market. Observations and analyses provided by market experts suggest a bullish outlook for SHIB, making it a noteworthy consideration for investors looking for exposure in the cryptocurrency space.</p>
 <p class="paragraph">As the market continues to evolve, it will be crucial for investors and analysts alike to stay informed of such trends and movements to optimize their strategies in the ever-changing landscape of digital assets.</p>
 <p class="paragraph"><em>Disclaimer:</em><em> The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.</em></p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/bullish-shiba-inu-whale-stacks-40-million-in-shib-tbt87354.html">https://thebittimes.com/bullish-shiba-inu-whale-stacks-40-million-in-shib-tbt87354.html</a></p>

Bullish: Shiba Inu whale stacks $40 million in SHIB

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