Shiba

Shiba Inu

Time

Trillion

<a href="https://bitcoinist.com/shiba-inu-pepe-whales-sold/" target="_blank" rel="noopener ">Shiba Inu (SHIB) whales</a> are at it again, with <a href="https://bitcoinist.com/shiba-inu-transactions-spree/" target="_blank" rel="noopener ">large transactions</a> involving the meme coin recorded lately. These high-volume transactions have piqued the interest of other investors, who have deliberated on whether this could be the perfect opportunity to accumulate the <a href="https://bitcoinist.com/shiba-inu-dogecoin-shib-excitement/" target="_blank" rel="noopener ">meme coin</a>.&nbsp; 
<h2 id="b-shiba-inu-whale-transfers-2-trillion-shib-tokens-b">Shiba Inu Whale Transfers 2 Trillion SHIB Tokens&nbsp;</h2> 
On-chain analytics platform Whale Alert revealed in an X (formerly Twitter) <a href="https://x.com/whale_alert/status/1772830256468042099?s=20" target="_blank" rel="noopener nofollow">post</a> that 2 trillion SHIB were transferred from a Kucoin-linked wallet (Kucoin 6) to another Kucoin-linked wallet (Kucoin 20). Interestingly, this came <a href="https://bitcoinist.com/kucoin-faces-doj-prosecution/" target="_blank" rel="noopener ">amidst the charges leveled</a> against the exchange and its founders.&nbsp; 
On-chain data further revealed that the receiving wallet began to transfer these <a href="https://bitcoinist.com/shiba-inu-burn-rate-17000/" target="_blank" rel="noopener ">SHIB tokens</a> across different wallets. While the nature of the transactions remains unknown, the troubled crypto exchange may have made these transfers to meet customers’ demands.&nbsp; 
If so, that signifies a bullish sentiment among SHIB whales, who still want to purchase as much of the meme coin as possible. For instance, the Kucoin 20 wallet, which received the 2 trillion SHIB tokens, <a href="https://etherscan.io/tx/0x8bcd935f10d855019fd3207a422ec2a87cf9fcc19ce812664c39a916c1033319" target="_blank" rel="noopener nofollow">transferred</a> over 35 million SHIB to an unknown wallet, and that wallet hasn’t moved the SHIB tokens since then, which suggests they could be long-term holders.&nbsp; 
<img loading="lazy" decoding="async" class="aligncenter size-full" src="https://www.tradingview.com/x/hcTQ3Clo/" width="1835" height="883"> 
Another wallet that also <a href="https://etherscan.io/tx/0xa63c6d609c837eaecb72263f2504ed0975f9348e689237ab69c1ccf3ac376d5c" target="_blank" rel="noopener nofollow">received</a> 4.7 million SHIB tokens from the Kucoin 20 wallet moved its holdings to a <a href="https://bitcoinist.com/shiba-inu-exchanges-2-year-low/" target="_blank" rel="noopener ">warm wallet</a>, possibly due to Kucoin FUD, and in a bid to preserve its holdings. The moves made by these wallets underline the <a href="https://bitcoinist.com/shiba-inu-latest-developments-2/" target="_blank" rel="noopener ">bullish outlook</a> for the SHIB token, with large-scale investors having no intention of disposing of their tokens anytime soon.&nbsp; 
Meanwhile, it is worth mentioning that the Kucoin 20 wallet transferred 1.4 trillion <a href="https://bitcoinist.com/shiba-inu-shib-magazine/" target="_blank" rel="noopener ">SHIB tokens</a> back to the Kucoin 6 wallet. Those tokens are still in the wallet and haven’t been moved since then.&nbsp; 
<h2 id="b-time-to-buy-shiba-inu-b">Time To Buy Shiba Inu?</h2> 
Crypto trader and analyst Xanrox had <a href="https://bitcoinist.com/shiba-inu-surge-crypto-shib/#:~:text=Shiba%20Inu%20To%20See%20A%20300%25%20Gain%20Before%20Year%2Dend&amp;text=Looking%20at%20SHIB's%20chart%2C%20the,invest%20in%20the%20crypto%20token." target="_blank" rel="noopener ">previously advised</a> investors to load their SHIB bags at the $0.0000212995 price level. However, with SHIB trading far above that level, there is the feeling that it may never return to that entry point, especially with crypto expert Rekt Capital <a href="https://www.newsbtc.com/shiba-inu/shiba-inu-price-mirrors-2021/#:~:text=Crypto%20expert%20Rekt%20Capital%20has,ATH)%20and%20even%20surpass%20it." target="_blank" rel="noopener nofollow">recently stating</a> that the meme coin has built support at the <a href="https://bitcoinist.com/shiba-inu-price-0-0001-target/" target="_blank" rel="noopener ">$0.000026041 price level</a>. 
Although Xanrox’s entry point may have been missed, investing in SHIB right now still looks like a good move based on the <a href="https://bitcoinist.com/122000-surge-shiba-inu-price/" target="_blank" rel="noopener ">predictions</a> of different analysts. This includes Xanrox, who hinted that SHIB could rise to a new all-time high (ATH) by July. Meanwhile, analysts like Oscar Ramos have <a href="https://bitcoinist.com/shiba-inu-price-100-0-0001/" target="_blank" rel="noopener ">predicted</a> that SHIB could shed another zero on the road to $0.0001.&nbsp; 
At the time of writing, SHIB was trading at around $0.00003029, down over 2% in the last 24 hours, according to <a href="https://coinmarketcap.com/currencies/shiba-inu/" target="_blank" rel="noopener nofollow">data</a> from CoinMarketCap. 
Featured image from Pexels, chart from TradingView

Shiba Inu Whales Make Big Moves – Is It Time To Buy?

목차

Bitcoinist

2024년 3월 30일에 게재된 다른 기사

LUNC Price Rallied 400%, Analyst Predicts Further 270% Upside on Breakout

Turkish Investors Maintain Interest in Cryptocurrencies Despite Bear Market

Shiba Inu [SHIB] is a success, what’s stopping Shibarium?

Why Could Your Favorite DeFi Platform Be the Next Target?

Grayscale Investments launches exclusive staking income fund for wealthy clients

Bonsai3 Platform Unveils Innovative Upgrade to Enable Seamless Web3 and AI Development

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!