Shiba

Shiba Inu

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/shiba-inu-sees-huge-whale-activity" rel="noopener noreferrer nofollow">Shiba Inu Sees Huge Whale Activity</a><br></p>
<p style="text-align: justify">In the past 24 hours, Shiba Inu, the cryptocurrency world’s second favorite meme coin, has experienced a surge in activity with 1.5 trillion SHIB tokens changing hands. This spike in transactions coincides with a notable increase in <a href="https://finance.coin-turk.com/" rel="noopener noreferrer nofollow" target="_blank">market</a> volume over the last 48 hours, suggesting Shiba Inu’s potential efforts to reverse its trend and move upwards.</p>
<h2 id="which-major-exchanges-were-involved">Which Major Exchanges Were Involved?</h2>
<p style="text-align: justify">Significant players in the market such as <a href="https://en.bitcoinhaber.net/new-trading-pairs-announced-by-binance-to-enhance-user-experience" rel="noopener noreferrer nofollow">Binance</a>, Coinbase, Kraken, Gate.io, and Robinhood facilitated these transactions. The volume of these SHIB transactions ranged from 42.6 billion SHIB to 397 billion SHIB. For instance, Binance’s hot wallet transferred a substantial 357.4798 billion SHIB, valued at $7.82 million, indicating large-scale trading activity.</p>
<p style="text-align: justify">Meanwhile, Coinbase’s hot wallet acquired 808 billion SHIB worth $1.88 million, hinting at possible accumulation by both individual and institutional <a href="https://finance.coin-turk.com/" rel="noopener noreferrer nofollow" target="_blank">investors</a>. Additionally, Cumberland DRM sent and received substantial amounts, further contributing to this surge in activities.</p>
<h2 id="what-does-this-mean-for-shiba-inu-s-price">What Does This Mean for Shiba Inu’s Price?</h2>
<p style="text-align: justify">Despite these large transactions, they do not necessarily predict immediate <a href="https://finance.coin-turk.com/" rel="noopener noreferrer nofollow" target="_blank">price</a> changes. Currently, Shiba Inu trades at approximately $0.00002364, consolidating within a descending triangle formation but recently touching higher levels. However, these movements do indicate potential volatility on the horizon.</p>
<h2 id="actionable-insights">Actionable Insights</h2>
<p style="text-align: justify">– Watch for Shiba Inu breaking the 50-day EMA at $0.000024 as a bullish sign.<br> – Monitor major exchanges for large SHIB transactions as indicators of market sentiment.<br> – Pay attention to SHIB’s position between the 50 and 100 EMA for cues on potential price swings.</p>
<p style="text-align: justify">As SHIB attempts to surpass previous peaks, traders should remain vigilant for signals of a <a href="https://finance.coin-turk.com/" rel="noopener noreferrer nofollow" target="_blank">bull market</a> that could push its price beyond current levels. While these massive transactions are noteworthy, they don’t guarantee immediate price changes, urging traders to watch market trends closely.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/shiba-inu-sees-huge-whale-activity" rel="noopener noreferrer nofollow">Shiba Inu Sees Huge Whale Activity</a></h5>

Shiba Inu Sees Huge Whale Activity

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