Shiba

Arkham

Million

Shiba Inu

Inu.

<figure> 
 <figcaption>
 Cover image via <a href="https://u.today/">U.Today</a>
 </figcaption> 
</figure>
In a jaw-dropping move, 139.88 billion SHIB worth $2.42 million were withdrawn from Coinbase to an unknown address. This massive transaction, revealed by data from&nbsp;<a href="https://platform.arkhamintelligence.com/explorer/address/0xA606f2D3931226609da650F2Ab0E8c322CcfF32c">Arkham</a>, involved the address "0xA606," which had no previous recorded activity.
The tokens were withdrawn in two tranches, with the first transfer of 116.623 billion SHIB, followed by an additional 23.26 billion SHIB.
This unexpected withdrawal by an unidentified entity came amid low trading activity for&nbsp;<a href="https://u.today/shib-vs-doge-shiba-inu-signals-extremely-oversold-against-dogecoin">Shiba Inu</a>. Over the past four months, SHIB has experienced a sharp decline, with its price plummeting 62% from $0.000045 to $0.000017, following a dramatic 400% drop in February. This downturn has led to reduced interest in the popular meme cryptocurrency.
<img alt="&quot;&quot;" data-entity-type="file" data-entity-uuid="ee49029c-22d5-4461-adec-2297e9aebba6" src="https://u.today/sites/default/files/inline-images/shibbbbbb_1.png">Source: <a href="https://platform.arkhamintelligence.com/explorer/address/0xA606f2D3931226609da650F2Ab0E8c322CcfF32c">Arkham Intelligence</a>
The timing of the pullback raises questions, suggesting that strategic accumulation may be taking place during this period of low market enthusiasm.
<h2 dir="ltr" id="what-s-next-for-shib">What's next for SHIB?</h2>
Historically, such significant moves often precede a planned market maneuver, potentially positioning for a future hype-driven sell-off. Furthermore, withdrawals of this magnitude from Coinbase are particularly noteworthy due to the exchange's size and user base.
<img alt="&quot;&quot;" data-entity-type="file" data-entity-uuid="4eb9c925-1cd8-433e-b7c7-75be692313f8" src="https://u.today/sites/default/files/inline-images/shibprice_10.png">SHIB to USD by <a href="https://coinmarketcap.com/currencies/shiba-inu/">CoinMarketCap</a>
While the&nbsp;<a href="https://u.today/shib-vs-doge-shiba-inu-signals-extremely-oversold-against-dogecoin">Shiba Inu token</a> remains in oblivion, forgotten after a major pump, and large unknown whales stealthily accumulate millions of dollars in the token, all eyes are on the price chart of the popular meme cryptocurrency. That is where the first signs of what awaits&nbsp;<a href="https://u.today/shiba-inu-alert-crucial-message-passed-to-shib-community">SHIB</a> next will appear.

$2.4 Million Shiba Inu (SHIB) Mystery Stuns Major US Exchange

Inhaltsverzeichnis

U_Today

Weitere Artikel, die am 2. Juli 2024 veröffentlicht wurden

Tom Lee Still Thinks Bitcoin Is Going to Hit $150,000 This Year

No Evidence AI Will Raise Wages, Says MIT Professor

Polkadot Manages Treasury with Strategic Spending

Polkadot spent $37M on marketing – It was NOT worth it

Diversity Is Key: 3 Reasons Why Dogwifhat Investors Are Buying Mpeppe (MPEPE)

Bitcoin traders say BTC’s trend change potential rests at $65K

Abonniere unseren kostenlosen Newsletter und erhalte tägliche Krypto-Updates!