Shiba Inu Whale Moves $32.4 Million In SHIB, Large Sell Incoming?
The post Shiba Inu Whale Moves $32.4 Million In SHIB, Large Sell Incoming? appeared on BitcoinEthereumNews.com. Shiba Inu’s ecosystem hasn’t been spared from the crypto market volatility in recent weeks, as the price has been caught in a whirlwind of uncertainty in recent times. While investors are still wondering about the short-term outlook of the crypto, a Shiba Inu whale has gone ahead to move $32.4 million in SHIB tokens into an unknown wallet. Whale Moves $32.4 Million Shiba Inu This whale transfer appears to have generated interest from SHIB investors, considering the relatively quiet environment within the Shiba Inu ecosystem. The sheer size of this transaction is notable and worth monitoring, as a selloff could introduce selling pressure and negatively impact SHIB’s price, even if temporary. However, sometimes whales will move their funds around between wallets for various reasons other than buying and selling. It would seem like this is the case, as an in-depth look into the transactions shows the transfer could’ve been between wallets controlled by the same entity.
The post Shiba Inu Whale Moves $32.4 Million In SHIB, Large Sell Incoming? appeared on BitcoinEthereumNews.com.
Shiba Inu’s ecosystem hasn’t been spared from the crypto market volatility in recent weeks, as the price has been caught in a whirlwind of uncertainty in recent times. While investors are still wondering about the short-term outlook of the crypto, a Shiba Inu whale has gone ahead to move $32.4 million in SHIB tokens into an unknown wallet. Whale Moves $32.4 Million Shiba Inu This whale transfer appears to have generated interest from SHIB investors, considering the relatively quiet environment within the Shiba Inu ecosystem. The sheer size of this transaction is notable and worth monitoring, as a selloff could introduce selling pressure and negatively impact SHIB’s price, even if temporary. However, sometimes whales will move their funds around between wallets for various reasons other than buying and selling. It would seem like this is the case, as an in-depth look into the transactions shows the transfer could’ve been between wallets controlled by the same entity.
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