Shiba

Arkham

Million

Shiba Inu

<figure>
 <figcaption>
 Cover image via <a href="https://u.today/" rel="noopener noreferrer nofollow">U.Today</a>
 </figcaption>
</figure>
Last week was rather negative for popular meme cryptocurrency&nbsp;<a href="https://u.today/155-trillion-shib-in-24-hours-heres-intriguing-twist-ahead" rel="noopener noreferrer nofollow">Shiba Inu (SHIB)</a>. The price did not experience a significant drawdown, but it did not see any positive developments either. In addition, the SHIB price remains below the key resistance level of $0.0000183 per token.
It seems that there are no buyers for this popular meme cryptocurrency. However, at least one unknown major player in the&nbsp;<a href="https://u.today/shiba-inu-shib-price-may-skyrocket-in-july-if-this-comes-true" rel="noopener noreferrer nofollow">Shiba Inu</a> token was spotted this week.
As revealed by&nbsp;<a href="https://platform.arkhamintelligence.com/explorer/address/0x9d9f823F010eC9D4fE8378413bC51912701Eb2d6" rel="noopener noreferrer nofollow">Arkham</a> data, the address "0x9d9f" withdrew 593.26 million SHIB, equivalent to $10.32 million, from major Japanese exchange Coinone. These were the first and only transactions made by the owner of this address.&nbsp; <img alt="&quot;&quot;" data-entity-type="file" data-entity-uuid="085a9b92-d4ab-4313-9eda-d97d4ee75428" src="https://u.today/sites/default/files/inline-images/shib_227.png">Source: <a href="https://platform.arkhamintelligence.com/explorer/address/0x9d9f823F010eC9D4fE8378413bC51912701Eb2d6" rel="noopener noreferrer nofollow">Arkham Intelligence</a>
Could this wallet be connected to Coinone itself? It is an open question. There is no reliable evidence. In addition, some strange transactions took place on the wallet, such as swaps of meme cryptocurrencies, not&nbsp;<a href="https://u.today/shib-price-prediction-for-june-27" rel="noopener noreferrer nofollow">SHIB</a>, to Uniswap. Such activity is not typical for hot wallets of crypto exchanges with turnover in the tens of millions of dollars.&nbsp; <img alt="&quot;&quot;" data-entity-type="file" data-entity-uuid="194147ae-d00a-4f08-aac3-4666db70a72b" src="https://u.today/sites/default/files/inline-images/shibb_1.png">SHIB to USD by CoinMarketCap 
Discarding theories that this is an exchange wallet opens up a more interesting field of reasoning.
For example, is the withdrawal a consequence of more than $10 million worth of SHIB purchases by this whale? What are their expectations for the price of the popular meme cryptocurrency, and will this trigger a new wave of Shiba Inu token purchases?

600 Million Shiba Inu (SHIB) Mystery Stuns Major Exchange: What Happened?

U_Today

Andere artikelen gepubliceerd op 28 jun 2024

Investment Alert: MoonBag Liquidity Plan and Path to $1, XRP’s African Ventures, and ICP’s Comple...

Crypto industry lost $572.7m to hacks and scams in Q2

Ekspansi Ripple: Stablecoin Baru dan Peluang ETF XRP

IRS reveals final regulations for crypto broker rules

Julian Assange Freedom: Bitcoiner Clears $500K Debt, Aids His Return Home

T-Rex files for ‘ghost pepper’ 2X leveraged MicroStrategy ETF

Meld je aan voor onze gratis nieuwsbrief voor dagelijkse crypto-updates!