In the last 24 hours, a staggering 600 billion Shiba Inu tokens have been transferred in three separate transactions. These movements can be considered a look at the flow of assets within the current SHIB ecosystem.
In the last 24 hours, a staggering 600 billion Shiba Inu tokens have been transferred in three separate transactions. These movements can be considered a look at the flow of assets within the current SHIB ecosystem.
The first transaction, which originated from the Bithumb wallet (0x9b1), sent an immense volume of SHIB to an unknown wallet (0x95a). Bithumb could facilitate a transfer on behalf of a client or move funds within its wallet network. The target wallet may be a private investor or another exchange, diversifying their SHIB holdings or preparing for a trade.
In the second transaction, a wallet associated with Wintermute (0x4F8) transferred a significant amount of SHIB tokens to the same receiving wallet (0x95a). Wintermute is known for algorithmic trading and liquidity provision, meaning they are most likely rebalancing their portfolios or providing liquidity for trading pairs involving SHIB.
The third transaction involved the Robinhood wallet (0x2eF), and also sent SHIB to the recipient’s wallet (0x95a). This move could be part of Robinhood’s asset management strategy, possibly related to clients’ trading activities or the rebalancing of their SHIB holdings.
Moving on to Shiba Inu price analysis, the SHIB price chart reveals a recent bearish trend, with the token trading below key moving averages. Support levels currently lie at $0.0000096, with the next significant support at $0.0000084. On the resistance side, SHIB is facing a hurdle at $0.0000109, followed by $0.0000120.
In a bullish scenario, if SHIB price bounces from the current support level and breaks through the immediate resistance, the next target could be the $0.0000120 level. A successful overcoming of this resistance could pave the way for a push towards the $0.0000140 mark, driven by renewed investor interest and market dynamics.
