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A new Shiba Inu whale address secures a profit of $8.3 million after recently moving over 1.08 trillion SHIB tokens…
The post New Shiba Inu Whale Moves 1,087,988,359,122 SHIB to Binance, Secures $8.3M Profit first appeared on The Crypto Basic.
On-chain data suggests that large investors have been showing interest in Shiba Inu recently as they have been moving a high number of SHIB transfers. Shiba Inu Large Transactions Have Been High In Number Recently As pointed out by an analyst in an X post using data from the market intelligence platform IntoTheBlock, the Shiba Inu whales have been on the move over the past month. The on-chain indicator of interest here is the “Number of Large Transactions,” which tracks the total number of transfers on any cryptocurrency network exceeding $100,000 in value. Generally, only the whale entities are capable of making such large transfers, so the Number of Large Transactions may be considered to reflect the activity of these giants. Related Reading: Analyst Says Only A Matter Of Time Before Bitcoin Flies Past ATH When the value of this metric is high, it means that the asset is observing a large number of large moves currently. Such a trend may be a sign that the whales are actively interested in cryptocurrency right now. On the other hand, the indicator being low could suggest the whales are looking at other markets at the moment as they aren’t making many transactions for the asset. Now, here is a chart that shows the trend in this indicator for Shiba Inu over the last month or so: As the above graph shows, the number of large transactions for Shiba Inu has shown relatively high values at different points in the past month and has also appeared to be climbing during the last few days. The lower chart shows the data for another metric, the “Large Transactions Volume.” This indicator measures the total volume of transactions greater than $100,000 combined moving on the network every day. It would appear that while the number of transfers happening on the network right now is similar to that seen during the spike earlier in the month, the volume back then was notably larger. This would naturally suggest that the whale transfers currently taking place aren’t of the same scale. Nonetheless, the metric isn’t at particularly low levels, either. “Large whale transactions have amassed around 30 trillion SHIB in May, making Shiba Inu one of the most traded tokens by whales so far this month,” notes the analyst. Related Reading: Is $77,600 The Next Step For Bitcoin? On-Chain Pricing Model Hints So Now, what does this high whale activity mean for the memecoin’s price? Since these indicators don’t differentiate between buying or selling transactions, it’s hard to say anything about where the coin might go based on them alone. One thing, however, that’s usually true is that whales being active can induce higher volatility in the price. As such, Shiba Inu may be more likely to witness sharper price action if these humongous entities continue to make moves. SHIB Price At the time of writing, Shiba Inu is floating around $0.0000241, down more than 2.5% over the last seven days. Featured image from Dall-E, IntoTheBlock.com, chart from TradingView.com
Shiba Inu sharks and whale addresses are continuously adding to their balances, having accumulated over 4.35 trillion SHIB since March.…
The post Shiba Inu Whales Bought 4.35 Trillion SHIB Since March first appeared on The Crypto Basic.
Shiba Inu has constantly managed to trade above $0.000021 last week amidst an ongoing tussle between the bulls and bears. On-chain data has indicated some serious whale movements during this period, with trillions of SHIB shuffled in and out of exchanges. The price of SHIB went through a decline earlier in the week from an extended selloff in the previous week. As the week progressed, things started to change into bullish action during the weekend up until a resistance just below $0.000028. Interestingly, on-chain transaction data from whales shows the major holders moved trillions of SHIB over the weekend, with 3.19 trillion SHIB movement in the past 24 hours. Recent on-Chain Data Shows Large SHIB Whale Activity According to IntoTheBlock’s large transaction volume data, the number of Shiba Inu transactions over $100,000 went through a major uptick last week, with the value of transactions greater than $100,000 reaching $661.5 million. On April 19th alone, SHIB transactions in this cohort reached 6.36 trillion SHIB worth $144.76 million. Large transactions in the last 24 hours particularly reached 3.19 trillion SHIB worth $82.49 million. Related Reading: Were Bitcoin Miners Behind The BTC Price Crash Below $60,000? With so much SHIB on the move, the big question is where are these whales sending their tokens. Interestingly, on-chain data showed large transactions consisting of a to and fro movement into and outside exchanges, indicating mixed feelings from large holders. A notable transaction involved the movement of 100 billion SHIB tokens into a crypto exchange on Sunday. Speculations from investors are that this could be a potential selloff from the whale, suggesting that there is a possibility of a price decline in the short term. What Does This Mean For Shiba Inu Holders? For average SHIB investors, whale activity can be both promising and worrying. While more large holders and transactions may indicate growing mainstream interest and adoption of the token, their moves can also significantly impact price. A positive price movement is enjoyed by Shiba Inu when whales are accumulating from exchanges. However, movement into exchanges suggests a selloff, as in the case of the 100 billion SHIB transaction on Sunday. Related Reading: Ethereum Enters Accumulation Phase As $500 Million ETH Leave Exchanges At the time of writing, SHIB is trading at $0.00002726, a 6.65% increase from 0.00002556 in the past 12 hours. Shiba Inu is also up by 16% on a larger seven-day timeframe and is on the way to displacing Cardano in the market cap rankings. SHIB’s price action this week should be full of action as the week unfolds, with the bulls now retesting a resistance at $0.000028. According to IntoTheBlock’s “In/Out Of The Money” metric, 6.62 trillion SHIB tokens were bought at this price level, with 28,760 addresses waiting to make a profit. A break over this price level indicates further resistance levels at $0.000029 and $0.000030. SHIB price at $0.000026 | Source: SHIBUSDT on Tradingview.com Featured image from The News Crypto, chart from Tradingview.com
Shiba Inu (SHIB) had faced a retracement from its recent high, dumping by as much as 42% in a few…
The post Key Reason Why Shiba Inu Slumped 42% Below $0.00004 first appeared on The Crypto Basic.
Shiba Inu (SHIB) whales have been busy in the market lately, as on-chain data suggests that they are positioning themselves for more moves to the upside from the meme coin. This development comes as the crypto token inches close to its all-time high (ATH). Shiba Inu Whale Accumulates 332 Billion SHIB Tokens On-chain data shows [...]
The post Shiba Inu Whales Are Accumulating SHIB, Do They Know Something You Dont? appeared first on Crypto Breaking News.
Billions of Shiba Inu tokens transferred as bankrupt crypto lender Voyager moves funds, potentially connected to reopening withdrawals. Billions of Shiba Inu (SHIB) tokens are on the move as Voyager, the bankrupt crypto lender, transfers funds from its hot wallet. In a recent tweet, Lookonchain, an on-chain analytics firm, revealed that Voyager has been shifting […]
The post Bankrupt Crypto Lender Moves 287 Billion Shiba Inu to Unknown Wallet first appeared on The Crypto Basic.
Top Whale Snaps Up $1 Million Worth of Shiba Inu. Top Shiba Inu whale accumulated $1 million worth of SHIB in the past 24 hours as the world’s 15th biggest cryptocurrency eyes to reclaim the much-coveted $0.00001 zone. Etherscan.io data reveals that the 19th biggest holder of SHIB has just added a staggering 121,271,415,827 (121.27B) […]
The post Top Whale Snaps Up 121B Shiba Inu As Price Recovers first appeared on The Crypto Basic.
Data shows a Shiba Inu whale has withdrawn $34.7 million in SHIB from Binance, a sign that could be bullish for the price of the meme coin. Shiba Inu Whale Transfers Out 4,000,000,000,000 SHIB From Binance As per data from the crypto transaction tracker service Whale Alert, a massive Shiba Inu transfer has taken place during the past day. This transaction involved the movement of 4,000,000,000,000 SHIB on the Ethereum blockchain, worth about $34.7 million at the time of the transfer. Since the transaction here is so large, it’s likely that the entity behind it was a whale. Sometimes, movements from this cohort can have visible impacts on the market due to the sheer scale involved in them. But how the price would respond to their moves depends on what their intention was with the transfer in question. Here are some additional details surrounding this Shiba Inu whale transaction that may help form a more complete picture regarding the intent behind it: This massive SHIB transfer seems to have only taken a fee of $1.44 to go through on the Ethereum blockchain | Source: Whale Alert As you can see above, the sending address for this transfer was a wallet affiliated with the crypto exchange Binance, while the destination of these coins was a wallet attached to the SHIB Staking service. Staking is a process that involves investors locking a number of tokens into a contract for some duration of time and earning some rewards for it in return. Related Reading: Is The Bitcoin Bottom In Yet? Here’s What aSOPR Metric Suggests Since the Shiba Inu whale moved this massive stack from an exchange (which investors keep coins on to prepare for dumping) to this staking contract, it’s likely that this humongous investor plans to hold onto these coins for an extended period. This would suggest that the whale is bullish on the prospects of the meme coin at the moment. Such HODLing conviction could prove to be constructive for the price itself in the long term. Also, in the past day, the 100 biggest Ethereum whales have also gone around shopping for SHIB, as data from WhaleStats displays below. Naturally, such accumulation from the whales is also a positive sign for the asset’s value. JUST IN: $SHIB @Shibtoken is back on top 10 purchased tokens among 100 biggest #ETH whales in the last 24hrs ?? Check the top 100 whales here: https://t.co/N5qqsCAH8j (and hodl $BBW to see data for the top 5000!)#SHIB #whalestats #babywhale #BBW pic.twitter.com/9B7ldk5i4n — WhaleStats (tracking crypto whales) (@WhaleStats) January 10, 2023 An interesting thing about these latest whale developments is that they have taken place while the crypto’s price has been rallying upwards. Usually, some whales try to dump while they can during profit-taking opportunities like now (thus providing impedance to the rally in the process), but as they have been accumulating instead, it shows that they believe this rally could go on a while still, and thus further provides evidence of their conviction in the coin. Related Reading: Ethereum 1-Month Realized Volatility Drops To Rare Level Seen Only Thrice In History SHIB Price At the time of writing, Shiba Inu is trading around $0.00000923, up 13% in the last week. Looks like the meme coin has caught some sharp uptrend in recent days | Source: SHIBUSD on TradingView Featured image from Todd Cravens on Unsplash.com, chart from TradingView.com
A brand-new Shiba Inu Whale got a humungous $17.71 Million worth of Shiba Inu (SHIB) in a single transaction. Etherscan.io data reveals the massive transfer of a staggering 1,926,012,699,342 (1.92T) SHIB, worth $17,719,316 ($17.71M) from an unknown wallet to a newly born Shiba Inu wallet in one robust transaction executed about 12 hours ago. Shiba […]
The post New Shiba Inu Whale Gets 1.92 Trillions Shib first appeared on The Crypto Basic.
Whales always keep an eye on Shiba Inu. Major Shiba Inu Whale added 2.80 Trillion SHIB in the past 24 hours and 3.05 Trillion in the past 30 days. As of press time, the Whale holds 13.93 Trillion SHIB. Etherscan.io recently reported that the 8th biggest Shiba Inu Whale accumulated a staggering 2,800,000,000,000 (2.80T) SHIB, […]
The post Major Shiba Inu Whale Adds More, Extends Holdings to 13.9T first appeared on The Crypto Basic.
Whales continue to invest millions of dollars in Shiba Inu (SHIB), the world’s 14th-biggest cryptocurrency in market capitalization. The massive purchase of Shiba Inu happens in the past 24 hours. Etherscan.io data reports that two mysterious whales have accumulated a staggering 420,696,000,795 (420.69B) SHIB, worth $3,941,921 ($3.94M), through two separate transactions in the past 24 […]
The post Two Whales Add 420B Shiba Inu Worth $3.94M first appeared on The Crypto Basic.
Major Shiba Inu holders keep on accumulating millions of dollars worth of SHIB. Etherscan.io recently reported that two deep-pocketed investors interacting with one of the Coinbase-linked wallets, named “Coinbase 10,” have splurged a total of $5,442,787 ($5.44M) Shiba Inu in two separate transactions and accumulated a staggering 555,818,134,743 (555.81B) SHIB. Both transactions were executed about […]
The post Two Mysterious Whales Add 555 Billion Shiba Inu first appeared on The Crypto Basic.
New whale adds 648B Shiba Inu at once. A brand-new Shiba Inu Whale is born and becomes the 66th biggest Shiba Inu holder by adding millions of coins. Etherscan.io data revealed that a brand-new Shiba Inu Whale scooped up a staggering 648,463,405,610 (648.46B) SHIB, worth $6,004,771 ($6.00M) in a single transaction from one of the […]
The post New Whale Becomes 66th Biggest After Adding 648B Shiba Inu first appeared on The Crypto Basic.
The mysterious wallet transferred an astounding $1.25 Million worth of Shiba Inu (SHIB) to the brand-new Shib Whale in a single transaction. Etherscan.io data reports that the mysterious wallet transferred a whopping 138,364,817,402 (138.36B) SHIB, worth $1,246,667 ($1.24M) to the brand new wallet in one significant transaction. The transaction is executed about 8 hours ago […]
The post Newly Born Whale Gets 138B Shiba Inu From Single Wallet first appeared on The Crypto Basic.
Whales added Above 1T Shiba Inu after World Economic Forum invited Shib to work together. Shiba Inu’s price rebounds sharply as two major SHIB Whales accumulated $15.60 Million worth of the world’s 14th biggest canine-themed cryptocurrency in the past 24 hours. Etherscan.io data reports that the 77th major Shiba Inu Whale became active about 6 […]
The post Shiba Inu Price Soars As Newly Born Whale Adds 1.2T Shib, Another Scoops 432B first appeared on The Crypto Basic.
Major Shiba Inu Whale scooped 655.75 Billion SHIB in the past 24 hours. Etherscan.io data reports that the 7th biggest Shiba Inu Whale accumulated a gargantuan 655,759,416,271 (655.75B) SHIB, worth $6,111,677 ($6.11M) through three separate transactions in the past 24 hours. As per the report, the deep-pocketed Shiba Inu investor executed the first transaction about […]
The post Top Whale Adds 655 Billion Shiba Inu first appeared on The Crypto Basic.
Whales are not holding back, as they keep adding Shiba Inu. The 32nd Biggest Shiba Inu holder spent $2.50 Million to buy a considerable amount of the world’s second-largest canine-themed cryptocurrency Shiba Inu. Etherscan.io recently reported that the 32nd largest Shiba Inu Whale had increased her Shiba Inu holdings by adding a whopping 205,815,302,436 (205.81B) […]
The post Whales Not Holding Back As Top Wallet Adds 205B Shiba Inu first appeared on The Crypto Basic.
Nascent Shiba Inu Whale adds 3.36 Trillion SHIB. A brand new Shiba Inu Whale came into existence as SHIB showed an incredible price performance over the past week. The Whale added $40.80 Million worth of SHIB in one significant transaction. Whale Alert recently reported that an anonymous wallet had transferred a staggering 3,369,887,165,968 (3.36T) […]
The post 3.36T Shiba Inu Moves To New Wallet As Trading Volume Surpass $1B first appeared on The Crypto Basic.
What’s Happening? Whales are swallowing Shiba Inu at a rapid pace. Interest in Shiba Inu (SHIB) revived, and Shiba Inu accumulation has no stopping. Another 3.37 Trillion SHIB, worth $37.46 Million, has been gobbled up by a nascent whale. Whale Alert recently reported that a brand new Whale scooped up a whopping 3,377,867,790,724 (3.37T) SHIB, […]
The post Whales Going Mad At Shiba Inu, Another Wallet Adds 3.37 Trillion SHIB, Trading Volume Up 102% first appeared on The Crypto Basic.
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