Shiba

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Shiba Inu smart money who purchased 48.09 billion SHIB in February 2021, a time when the price was trading at $0.00000001, has finally liquidated holdings in Shiba Inu. Is this bearish for SHIB price or is a rally still in effect? 
<h2 id="dormant-shib-whales-dumps-all-shib-holdings">Dormant SHIB Whales Dumps All SHIB Holdings</h2> 
Shiba Inu tokens held dormant for 3.5 years were moved today as all 48.09 billion <a rel="nofollow" href="https://etherscan.io/token/0x95ad61b0a150d79219dcf64e1e6cc01f0b64c4ce?a=0xe3380616c58aacf30430bdde6e354aca423d7a4a" target="_blank">SHIB</a> were swapped to 278.7 ETH in an MEV bot transaction. Transaction data revealed this was an MEV bot transaction executed at 03:20 PM UTC on May 27. 
Maximal Extractable Value (MEV) bot is a software tool designed to monitor the Ethereum blockchain for new transactions, identify high-value opportunities, and automatically carry out these transactions for their users. 
Lookonchain, an on-chain expert, said ‘super diamond trader’ finally sold SHIB it bought in 2021 from just 2 ETH worth $2,625. The Ethereum whale made $1.1 million in profit, which is a 419x return on investment. 
While the smart trader sold all SHIB, the transaction is not bearish for SHIB price due to an MEV bot transaction. ETH price rally of 25% in a week is likely the reason behind the transaction. 
After the transaction, someone sent a transfer to the smart money’s wallet, leaving a message. The transactions appreciated the super diamond trader for SHIB holdings and making a profit. 
<img decoding="async" class="aligncenter size-full wp-image-199085" src="https://coingape.com/wp-content/uploads/2024/05/screenshot-etherscan.io-2024.05.27-23_58_23.jpg" alt="" width="768" height="250" srcset="https://coingape.com/wp-content/uploads/2024/05/screenshot-etherscan.io-2024.05.27-23_58_23.jpg 768w, https://coingape.com/wp-content/uploads/2024/05/screenshot-etherscan.io-2024.05.27-23_58_23-300x98.jpg 300w, https://coingape.com/wp-content/uploads/2024/05/screenshot-etherscan.io-2024.05.27-23_58_23-150x49.jpg 150w" sizes="(max-width: 768px) 100vw, 768px"> 
Also Read: <a title="Just-In: Bitcoin Price Regains $70000, Memorial Day Rally In Play?" href="https://coingape.com/bitcoin-price-regains-70000-memorial-day-rally-in-play/" target="_blank" rel="bookmark noopener">Bitcoin Price Regains $70000, Memorial Day Rally In Play?</a> 
<h2 id="shib-price-performance">SHIB Price Performance</h2> 
Shiba Inu accumulation looks good now to traders as <a href="https://coingape.com/coinbase-listing-shiba-inu-floki-bonk-perpetual-futures/" target="_blank" rel="noopener">Coinbase</a> announced offering 1000SHIB perpetual contract trading from May 30. Market participants believe the meme coin could witness a rally similar to Pepe Coin (PEPE). 
<a href="https://coingape.com/price/shiba-inu" target="_blank" rel="noopener">SHIB price</a> jumped 6% in the past 24 hours, with the price currently trading at $0.00002566. The 24-hour low and high are $0.00002417 and $0.00002615, respectively. Furthermore, the trading volume has increased more than 165% in the last 24 hours, indicating a massive interest among traders. 
Also Read: <a href="https://coingape.com/xrp-sol-shib-etfs-unlikely-to-see-sec-approval-jpmorgan/" target="_blank" rel="noopener">XRP, SOL, SHIB ETF’s Unlikely to See SEC Approval: JPMorgan</a> 
The post <a href="https://coingape.com/shiba-inu-super-diamond-trader-liquidates-holdings-followed-by-a-secret-message/">Shiba Inu Super Diamond Trader Liquidates Holdings, Followed By A Secret Message</a> appeared first on <a href="https://coingape.com">CoinGape</a>.

Shiba Inu Super Diamond Trader Liquidates Holdings, Followed By A Secret Message

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