Shiba Inu Whales Spark Frenzy: Buy 33.4 Billion SHIB in Just 30 Minutes!
The Shiba Inu community is buzzing! In a flurry of activity, Shiba Inu whales have acquired a massive 33.4 billion SHIB tokens in a mere 30 minutes, according to data provided by Etherscan. Several anonymous wallets executed these transfers, injecting excitement into the meme coin market.
But that's not all. A Shiba Inu whale with over $6 million in profit withdrew a substantial 353.83 billion SHIB from Binance, as reported by blockchain firm LookOnchain. This substantial withdrawal highlights the continued interest in SHIB from major holders.
This recent activity follows a trend of significant SHIB accumulation by large investors. Shiba Inu whales have acquired 1.1 trillion SHIB tokens, worth around $9 million, over the past two months, anticipating the launch of Shibarium. Developers have launched a…[continue reading to learn more].
Earlier, a crypto whale bought $136 million worth of Shiba Inu (SHIB), sending the dog-themed meme coin soaring by over 16% in just a single day. According to the Whale…[read more to uncover the details].
According to whale monitoring service WhaleStats, one of the largest whales on the Ethereum network, tagged as “BlueWhale0073,” has bought around 311.99 billion SHIB tokens for…[find out the cost and motivation behind this large purchase].
Adding to the intrigue, in a surprising move, a dormant Shiba Inu whale has awakened after several years of inactivity to purchase a staggering 323…[discover why this whale returned to the SHIB ecosystem].
Is This a Buying Opportunity?
Some analysts suggest that current SHIB prices present a buying opportunity. Whales buying billions of SHIB on the dip highlights potential confidence in the coin's future. These transactions likely represent purchases or redistribution of crypto. However, one-third of these 33.4 billion was moved from the Binance…[investigate the significance of this movement].
However, investors should exercise caution and conduct thorough research before making any investment decisions. Technical indicators suggest that the SHIB price is nearing a critical support level with the RSI at 30.68, signaling oversold conditions. A recent on-chain report published…[assess the risks and potential rewards].