Shiba Inu Surrounded by Whales: 400 Billion SHIB Bought in 24 Hours!
Shiba Inu (SHIB) is making waves again, fueled by massive whale activity. Traders are buzzing about a significant transfer of Shiba Inu tokens that occurred on December 19th, indicating renewed interest from large investors.
Early SHIB Whale Moves 400 Billion Tokens to Gemini
An early SHIB whale made a notable move, transferring nearly 400 billion tokens to Gemini. This activity is drawing significant attention, especially considering the recent performance of Shiba Inu.
Whale Activity Surges: 530 Trillion SHIB Purchases Signal Bullish Sentiment
Shiba Inu price eyes a breakout from a 4-year consolidation range after 6% gains in 24 hours and 530 trillion SHIB purchases by whales. This impressive volume suggests strong bullish sentiment and the potential for further price appreciation. BTC is currently trading at $110,204, up 3.08%.
IntoTheBlock Data Confirms Whale Domination
Data from blockchain analytics platform, IntoTheBlock, reveals that the volume of large transactions, defined as those exceeding $100,000, has surged by 295%. This A significant transfer of Shiba Inu (SHIB) tokens has occurred, drawing attention from traders on December 19. The significant uptick in activity points towards increased institutional and high-net-worth individual involvement in the SHIB market.
Remarkable Recovery Driven by Whale-Tier Volume
Shiba Shiba Inu has made a remarkable recovery, driven by high whale-tier volume, with about four trillion SHIB transacted in the last day. This suggests that whales are not only accumulating SHIB but also actively trading it, contributing to increased liquidity and price volatility.
Early SHIB Whale's $108 Million Profit Sparks Interest
The aforementioned source of on-chain data reported that an early holder of Shiba Inu who had earned a whopping $108 million profit has been linked to the recent activity. This lucrative return for early investors is likely attracting even more attention to Shiba Inu from potential buyers.
Is SHIB Poised for Another Breakout?
With such significant whale activity and positive market sentiment, many investors are wondering if SHIB is poised for another breakout. Keep an eye on these large transactions and the overall market trends to make informed investment decisions.