Shiba

2024

Shiba Inu

Coin

<ul class="news-points"> 
 <li><strong>Shiba Inu’s whale purchase of 445 billion SHIB coins from Robinhood sparks optimism, indicating strong investor confidence.</strong></li> 
 <li><strong>Despite recent price fluctuations, SHIB’s substantial trading volumes and whale activity suggest underlying strength.</strong></li> 
 <li><strong>Technical indicators like the moderate RSI and potential bullish MACD crossover provide mixed signals for traders.</strong></li> 
</ul> 
<p>Ali Charts, an on-chain and technical analyst, reveals that over 4 trillion Shiba Inu (SHIB) tokens, valued at roughly $103 million, have flown into crypto exchanges in the last two weeks. This flurry of activity has unfolded amidst SHIB’s <a href="https://coinedition.com/shiba-inus-trading-activity-spikes-key-insights-and-future-prospects/">volatile price action</a>, signaling a shift in investor sentiment.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr"><a href="https://twitter.com/hashtag/ShibaInu?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#ShibaInu</a> | Over 4 trillion <a href="https://twitter.com/search?q=%24SHIB&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$SHIB</a> have been sent to <a href="https://twitter.com/hashtag/crypto?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#crypto</a> exchanges in the last two weeks, worth around $103 million! <a href="https://t.co/dqVGW3LzuA" target="_blank" rel="nofollow">pic.twitter.com/dqVGW3LzuA</a></p>— Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1796477469022728661?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">May 31, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
<p>Notably, a whale recently snagged a massive 445 billion SHIB tokens from the Robinhood trading platform. This hefty transaction has ignited optimism for SHIB’s future price trajectory, with the whale’s move underscoring strong confidence among big-money players in this meme-inspired cryptocurrency.</p> 
<p>On-chain <a href="https://whale-alert.io/transaction/ethereum/0xa0e5d1faf313e415a8234cf62260d0309a3920a8ca459180267191f2ca8f9cba" target="_blank" rel="nofollow">transaction data fro…</a></p>
<p>The post <a href="https://coinedition.com/crypto-market-update-shiba-inu-whale-purchase-points-to-investor-confidence/">Crypto Market Update: Shiba Inu Whale Purchase Points to Investor Confidence</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.</p>

Crypto Market Update: Shiba Inu Whale Purchase Points to Investor Confidence

Coin Edition

Other articles published on May 31, 2024

JASMY Price Pumped by Over 20% in Last 24 Hours Following Apple Collaboration via Japan’s My Numb...

MoonBag Crypto Presale: Why is it better than Fetch AI or Arweave?

Mastercard launches Crypto Credential, enabling simple, secure crypto transactions with aliases

Apu Memecoin Soars, Reaching 11,600 Token Holders with Strong Community Support

Trump Meow (TRUMPMEO) Coin Will Surge 14,000% Ahead of KuCoin Listing, While Shiba Inu, Bonk and ...

FLOKI Price Soars 5% As 7 Bln Coins Accumulated, Price To Uphold Momentum?

Join our free newsletter for daily crypto updates!