Anonymous whales have moved a staggering half a billion Shiba Inu tokens in the last 24 hours. What’s the plan? Are these whales somehow connected to each other? Proceedings data Hopefully, it will help us here.
Anonymous whales have moved a staggering half a billion Shiba Inu tokens in the last 24 hours. What’s the plan? Are these whales somehow connected to each other? Proceedings data Hopefully, it will help us here.
Looking at the details, it appears that some key players are moving SHIB between wallets and exchanges. For example, 77.18 billion SHIB were transferred to a Coinbase wallet, while another 205 billion were directed to and from different wallets, including a significant 53.06 billion SHIB to the Robinhood wallet. Are these transactions connected? It’s hard to say, but they sure seem coordinated.
Now moving on to SHIB price developments, we see that it has been on a roller coaster ride. Currently, SHIB is hovering around the $0.000027 mark. After a big rally, SHIB is experiencing what looks like a slight pullback. The key support level at the moment is near $0.000019, a floor above which it has managed to hold recently. If it can maintain this level, there is room for cautious optimism.
As for resistance, SHIB is facing a hurdle around the $0.000030 level. If it manages to break through that ceiling, we could witness another phase of growth, possibly aiming for highs not seen since the last peak.
Looking ahead, if SHIB can capitalize on its recent moves and the market regains its bullish stance, we could see these anonymous whale activities as a prelude to a price surge. Since the market appears to be on the verge of recovery after being down for a couple of weeks, SHIB could benefit and possibly see an uptrend.
