Shiba

when

mini

Shiba Inu

Inu.

<p>The movements of whales have always attracted particular attention in the crypto market. Recently, massive transfers of Shiba Inu (SHIB) by whales have caught the attention of investors. These intriguing movements could signal an upcoming bullish trend for the memecoin.</p> 
<h2 id="h-massive-transfers-of-shiba-inu-whales">Massive Transfers of Shiba Inu Whales</h2> 
<p>Recent analyses by the company Santiment reveal a significant trend in the <a href="https://www.cointribune.com/en/shiba-inu-a-party-of-on-chain-activities-and-frantic-whales/" target="_blank" rel="noreferrer noopener">movements of Shiba Inu whales</a>. According to a report published by the company on X, the 150 largest crypto wallets associated with centralized exchanges, called “exchange whales”, have seen their supply decrease significantly. “Exchange whales now hold 5.53 billion fewer memecoin tokens than about a month ago,” the <a href="https://bitcoinist.com/shiba-inu-whales-exchange-outflows-shib-rally/" target="_blank" rel="noreferrer noopener">Santiment report</a> specifies.</p>
<div class="my-4">
 <div class="ads " data-page-type="" data-location="1"> 
 </div> 
</div> 
<p>Conversely, “non-exchange whales”, which are the 150 largest autonomous wallets, have absorbed these tokens. Their holdings have increased by approximately 6.57 billion SHIB during the same period. This dynamic suggests that investors prefer to transfer their tokens to autonomous wallets for long-term storage, rather than keeping them on centralized crypto exchanges for short-term trading.</p> 
<figure class="wp-block-embed aligncenter is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
  <div class="entry-content-asset">
   <div class="social-embed-container">
    <blockquote class="twitter-tweet" data-width="500" data-dnt="true">
     <p lang="en" dir="ltr"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f433.png" alt="🐳" class="wp-smiley" style="height: 1em; max-height: 1em;"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f63c.png" alt="😼" class="wp-smiley" style="height: 1em; max-height: 1em;"> Shiba Inu had a mini decoupling from other altcoins over the weekend and is up a modest +5% in the past 48 hours. Holders will be pleased with the fact that non-exchange whales continue accumulating, while exchange whale bags are shrinking. <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f44c.png" alt="👌" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://t.co/U5Ud5LfBUp">pic.twitter.com/U5Ud5LfBUp</a></p>— Santiment (@santimentfeed) <a href="https://twitter.com/santimentfeed/status/1810792970649751591?ref_src=twsrc%5Etfw">July 9, 2024</a>
    </blockquote>
    <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
   </div>
  </div> 
 </div>
</figure> 
<div class="affiliate-button"> <a class="affiliate-button__link" href="https://bitvavo.com/fr/affiliate/coinmedia?a=_cta" target="_blank" rel="noreferrer noopener">€20 bonus for registering on Bitvavo</a> <a class="affiliate-button__disclaimer" href="https://www.cointribune.com/en/sponsored-content/" target="_blank" rel="noreferrer noopener">This link uses an affiliate program.</a> 
</div> 
<h2 id="h-potential-consequences-for-the-price-of-shib-crypto">Potential Consequences for the Price of SHIB Crypto</h2> 
<p>The change in whale behavior could indicate a positive development for Shiba Inu. Generally, when investors transfer their tokens off crypto exchanges, it suggests an intention to hold them long-term. This move reduces the sell supply in the market, which can potentially exert upward pressure on the price of the SHIB crypto, especially if demand remains constant or increases.</p> 
<p>The timing of this accumulation is also significant. Indeed, it comes as the price of SHIB has dropped by nearly 28% over the past month, now trading around $0.00001639. This accumulation could thus indicate that whales see these price levels as attractive entry points, anticipating a future recovery of the memecoin.</p> 
<p>In summary, the recent movements of Shiba Inu whales offer an intriguing insight into market dynamics and possible <a href="https://www.cointribune.com/en/crypto-shiba-inu-down-72-since-its-last-peak-analysis-from-july-10-2024/" target="_blank" rel="noreferrer noopener">SHIB price developments</a>. As these large holders seem to bet on a future rise, the crypto market remains attentive to any indication of a trend change.</p>

Crypto: Are Shiba Inu Whales About to Propel the Price of SHIB?

Table of Contents

Cointribune EN

Egyéb ezen a dátumon (2024. júl. 12.) megosztott cikkek

CoinWire Expects $108 Trillion Crypto Trade

SOL struggles to reclaim $145, but Solana network fundamentals remain solid

Free Crypto Airdrops: Don't Miss Out

BREAKING! US PPI Data Announced! Here is the First Reaction of Bitcoin (BTC)!

Supreme Court’s Loper Bright Decision Shakes Up Cryptocurrency Regulation

Render Token Braces for Rebound: Analysts Project $25 RNDR Target Amid Fake Binance Delisting News

Join our free newsletter for daily crypto updates!