Recently, Shiba Inu has witnessed a remarkable change in investor behavior, which saw the so-called “smart money” shift their positions from SHIB to Memecoin.
Recently, Shiba Inu has witnessed a remarkable change in investor behavior, which saw the so-called “smart money” shift their positions from SHIB to Memecoin.
This strategic reallocation was significant: a SHIB whale deposited a colossal sum of 75.9 billion SHIB, valued at approximately $1.65 million, on the Binance trading platform and made an impressive 85% profit – a profit of $756,000. in just two days. Subsequently, this investor withdrew 38.85 million MEME from Binance, equivalent to $1.62 million.
SHIB, after a sustained period of high interest and price appreciation, began to show signs of retreat. This pullback can often be attributed to large holders, or “whales,” who decided to take profits after significant price increases. In the case of SHIB, the sudden transfer of a substantial amount of tokens to an exchange is usually indicative of selling intent, creating downward pressure on the price as the market absorbs the additional sell orders.
On the contrary, the MEME price chart showed strong bullish momentum, attracting the attention of investors looking to capitalize on emerging trends. The whale’s transition of funds from SHIB to MEME suggests a calculated move to diversify into assets with perceived upside potential, driven by market analysis, sentiment assessment, or perhaps even insider knowledge.
The reasons behind such behavior of SHIB whales may be multifaceted. These can range from taking advantage of arbitrage opportunities, managing risk through diversification, responding to changing market narratives or simply capitalizing on short-term price movements to make profits.
However, the most likely reason is a simple underdevelopment of Memecoin’s price performance compared to that of Shiba Inu. MEME didn’t really break through during the last cryptocurrency market bull run and offers much more growth potential than SHIB, which has already gained over 100% in the past few days.
