Shiba

2024

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Shiba Inu

<ul>
 <li>Two wallets transferred 211 billion SHIB tokens to Coinbase, worth $5.16 million, sparking mixed reactions.</li>
 <li>SHIB’s price surged by 7.65%, with market capitalization and trading volume also rising.</li>
 <li>Recent Bor and Heimdall hard forks on Shibarium aim to enhance utility, potentially influencing SHIB’s prospects.</li>
</ul>
<p>In a significant trading activity, two wallets identified as ‘0x6a43..’ and ‘0xef01..’ transferred 211 billion Shiba Inu (SHIB) tokens to Coinbase, a major cryptocurrency exchange. The transactions, valued at approximately $5.16 million, occurred over the past 24 hours, according to on-chain tracker The Data Nerd.&nbsp;</p>
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   <p lang="en" dir="ltr">Within 10 hours, 2 Wallets (have the same amount of <a href="https://twitter.com/search?q=%24SHIB&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$SHIB</a>) deposited total 211B <a href="https://twitter.com/search?q=%24SHIB&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$SHIB</a> (~$5.16M) to <a href="https://twitter.com/hashtag/Coinbase?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Coinbase</a><br><br>Those wallets accumulated those <a href="https://twitter.com/search?q=%24SHIB&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$SHIB</a> last week and will have small loss (~$120k) if sold at current price<br><br>Addresses:<a href="https://t.co/OaervWTpvL" rel="noopener noreferrer nofollow">https://t.co/OaervWTpvL</a><a href="https://t.co/NEsgHgYfRu" rel="noopener noreferrer nofollow">https://t.co/NEsgHgYfRu</a> <a href="https://t.co/vofHjKVrGd" rel="noopener noreferrer nofollow">pic.twitter.com/vofHjKVrGd</a></p>— The Data Nerd (@OnchainDataNerd) <a href="https://twitter.com/OnchainDataNerd/status/1786596690751000962?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">May 4, 2024</a>
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<p>This substantial move has generated mixed reactions within the investment community especially with the recent noteworthy increase in SHIB’s price.</p>
<p><strong>Price Trends and Market Speculations</strong></p>
<p>At press time, Shiba Inu’s market price has climbed 8.55% in the last 24 hours, now trading at $0.00002479. This <a href="https://coinmarketcap.com/currencies/shiba-inu/" target="_blank" rel="noopener noreferrer nofollow">uptrend</a> is mirrored in its market capitalization, which has also increased by 7.78%. Furthermore, the trading volume for SHIB has seen a 9.85% increase, an indicator of heightened trading activity.&nbsp;</p>
<p>This recent price action places SHIB in a speculative spotlight as investors watch the market’s response to these developments, gauging the potential for future price fluctuations.</p>
<p><strong>Developmental Endeavors</strong></p>
<p>Shiba Inu continues to make strides in development, notably with the recent introduction of the Bor and Heimdall hard forks on Shibarium. These updates enhance block processing and reduce transaction fees, potentially increasing the token’s utility and appeal.</p>
<p>Despite the current volatility, these factors collectively suggest that Shiba Inu holds promising prospects for long-term investors. While current developments provide grounds for optimism, the cryptocurrency sector’s unpredictability warrants a cautious approach from traders and investors.</p>
<h4 class="wp-block-heading" id="h-read-also">Read Also:</h4>
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 <li><a href="https://cryptonewsland.com/shiba-inu-whale-transfers-41m-worth-of-shib-fueling-price-surge/" rel="noopener noreferrer nofollow">Shiba Inu Whale Transfers $41M Worth of SHIB, Fueling Price Surge</a></li>
 <li><a href="https://cryptonewsland.com/shiba-inu-shib-price-prediction-2024-explosive-growth-on-the-horizon/" rel="noopener noreferrer nofollow">Shiba Inu SHIB Price Prediction 2024: Explosive Growth on the Horizon</a></li>
 <li><a href="https://cryptonewsland.com/mysterious-whale-wallet-moves-22m-worth-shib-tokens-whats-next/" rel="noopener noreferrer nofollow">Mysterious Whale Wallet Moves $22M Worth SHIB Tokens: What’s Next?</a></li>
 <li><a href="https://cryptonewsland.com/shiba-inu-shib-price-analysis-sept-90-price-surge-how-shib-could-skyrocket-to-0-000014/" rel="noopener noreferrer nofollow">Shiba Inu (SHIB) Price Analysis Sept: 90% Price Surge, How SHIB Could Skyrocket to $0.000014</a></li>
 <li><a href="https://cryptonewsland.com/crypto-buyers-flock-to-shib-92-of-coinbase-users-buy-shiba-inu/" rel="noopener noreferrer nofollow">Crypto Buyers Flock to SHIB, 92% of Coinbase Users Buy Shiba Inu</a></li>
</ul>
<p>The post <a href="https://cryptonewsland.com/shiba-inu-price-surges-as-5-16m-worth-of-shib-moved-to-coinbase/" rel="noopener noreferrer nofollow">Shiba Inu Price Surges as $5.16M Worth of SHIB Moved to Coinbase</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

Shiba Inu Price Surges as $5.16M Worth of SHIB Moved to Coinbase

Crypto News Land

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