Shiba

Shiba Inu

Trillion

<figure>
 <figcaption>
 Cover image via <a href="https://u.today/" rel="noopener noreferrer nofollow">U.Today</a>
 </figcaption>
</figure>
<a href="https://u.today/shiba-inu-shib-paints-higher-high-details-xrp-golden-cross-secured-bitcoin-btc-paints-hidden" rel="noopener noreferrer nofollow">Shiba Inu</a> has seen a huge amount of action in the past day. A massive two trillion SHIB tokens have been shuffled between numerous entities, including whales, exchange and trading desks. Could it be a signal for SHIB?
So, who's moving all this SHIB? Whales and a few crypto exchanges are making the moves. For example, one transaction had a massive 77.453 billion <a href="https://u.today/shiba-inu-receives-adoption-boost-with-major-new-exchanges-addition-of-bone" rel="noopener noreferrer nofollow">SHIB</a> moving to a Coinbase hot wallet, and another 412.7128 billion SHIB were sent to Coinone's hot wallet. <img alt="SHIBUSDT" data-entity-type="file" data-entity-uuid="b015c815-5bbc-4045-8e6c-20c304b0f5c6" src="https://u.today/sites/default/files/inline-images/image_605.png"><a href="https://www.tradingview.com/" rel="noopener noreferrer nofollow">SHIB/USDT Chart by TradingView</a>
But that's not all – there was a huge transaction of 500 billion SHIB sent to a Crypto.com hot wallet. Another big chunk of 431.1738 billion SHIB landed in yet another anonymous wallet, most likely owned by a whale or a trading desk. These are just a few of the gigantic transactions that occurred.
Why all the movement now? It is likely because the whole market is picking up speed, getting back on its feet after a tough time. And it is not just <a href="https://u.today/shiba-inu-receives-adoption-boost-with-major-new-exchanges-addition-of-bone" rel="noopener noreferrer nofollow">SHIB</a>; other meme coins are bouncing back too.
These massive moves might be exchanges shuffling funds around for better security or to manage their wallets more efficiently, in order to stay liquid. Whales might also be ones getting ready for something big or taking advantage of the market's recovery to make some Shiba Inu trades.
Whatever the reason, it is clear that activity on the SHIB network is on the rise right now, and these massive transfers are a sign that something is cooking. With the market getting back in shape, it seems like SHIB and other meme coins are coming back.

Massive 2 Trillion Shiba Inu (SHIB) in Last 24 Hours: Exchanges, Whales and More

U_Today

2024년 3월 22일에 게재된 다른 기사

This New Meme Coin Is Outperforming Bitcoin (BTC) and Arbitrum (ARB) On The Weekly Charts

Analyst Who Accurately Predicted Bitcoin’s Peak in 2021 Identifies Three Cryptocurrencies Priced ...

Top 5 Altcoin Picks Amid BlackRock’s Ethereum Fund Launch

Bitcoin Eyes $74,000 Amid Consolidation Predictions and Altcoin Rally, Says Analyst Willy Woo

Bitcoin faces decline as BTC ETF interest wanes, says JPMorgan

Major Cryptocurrency Investors Enter Dogwifhat (WIF) & Shiba Budz (BUDZ) Rallying WIF Price

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!