83% of SHIB Holders Are Stuck in the Red—But Diehard Fans Are Holding Out for a Massive Rebound!
Shiba Inu was once hailed as the king of memecoin. But a recent report has shown that close to 83% of SHIB holders are in the red....
XingChiLog in/ Sign up
Mysterious Whale Withdraws 225 Billion SHIB Tokens from Coinbase
Follow
TL;DR
1.Mysterious entity withdraws over 225 billion SHIB tokens from Coinbase.
2.Transfer of massive SHIB tokens amid price stability prompts speculation.
3.Anonymous whale's moves highlight calculated crypto market strategies.
4.Community awaits developments in the mysterious SHIB token disappearance.
A surprising development has unfolded as an unidentified whale recently withdrew a staggering 225 billion Shiba Inu (SHIB) tokens from the renowned U.S. exchange, Coinbase, as per data from Etherscan. The identity of this enigmatic figure remains shrouded in mystery, eliciting curiosity and conjecture within the crypto community.
Swift and Substantial Withdrawals
In a span of merely two days, this mysterious entity orchestrated two significant withdrawals. Initially, a substantial 132.22 billion SHIB tokens were transferred out of Coinbase, swiftly followed by an additional 92.83 billion tokens within the last 24 hours. Presently, the estimated value of the wallet, exclusively containing Shiba Inu tokens, stands at $1.99 million dollars.
Source: Etherscan
Timing and Price Stability
The timing of this substantial transfer has raised eyebrows, notably coinciding with a period of relative price stability for SHIB. Despite the notable movement of tokens, the price of Shiba Inu has exhibited minimal fluctuations over the past 15 days, hovering around $0.000009 per token. Some observers speculate that this phase of stagnation might signify an accumulation period, hinting at potential anticipation for an impending surge.
SHIB to USD by CoinMarketCap
The actions of this anonymous whale underscore the calculated strategies employed by prominent investors in the crypto market. While the trajectory of SHIB's price remains uncertain, the significant withdrawals from Coinbase suggest a bullish sentiment among certain influential entities.
Anticipation and Watchful Eyes
As the community eagerly awaits further developments, attention remains fixed on the identity and motives of the individual responsible for the disappearance of 225 billion SHIB tokens from one of the United States' largest exchanges.
conclusion:SHIB whale withdrawal sparks speculation
An unidentified whale has withdrawn a substantial amount of SHIB tokens from Coinbase, sparking speculation within the crypto community. Despite the massive movement of tokens, SHIB's price has remained relatively stable, prompting discussions about potential future price movements. The actions of the anonymous whale highlight the strategic maneuvers of large investors in the crypto market, hinting at bullish sentiment. As the community awaits further developments, focus remains on uncovering the identity behind this significant withdrawal.
Gain a broader understanding of the crypto industry through informative reports, and engage in in-depth discussions with other like-minded authors and readers. You are welcome to join us in our growing Coinlive community:https://t.me/CoinliveSG
Add Comment
LoginLeave your comments
0 Comments
Earliest
Load more comments
Related News
- XingChi
Ethereum’s Vitalik Buterin Sells Meme Tokens for 71 ETH and Mints DAI
Vitalik Buterin recently sold several meme tokens and minted DAI, accumulating 71.69 ETH. His sale of DHN tokens caused a 57% drop in their value, sparking discussions about his market strategy.
WeatherlySHIB Is The New Bitcoin. SHIB Team Explains That SHIB Is More Than A token, But a Complete Ecosystem
The Shiba Inu team has called their coin their "Bitcoin". This statement comes after the coin's poor performance yesterday, trading at $0.00001166, a 5% loss in the past 24 hours. But what does this statement really mean?
XingChiChatGPT 4.0 Forecasts New Viral Altcoin To Surpass Solana And Shiba Inu
ChatGPT 4.0 has forecasts that an exciting new crypto, Rollblock ($RBLK) could soon surpass well-established altcoins like Solana (SOL) and Shiba Inu (SHIB) due to its innovative blockchain gaming ecosystem and rapid investor adoption.
XingChiShiba Inu Team postpones ShibaCon Conference, But SHIB Price Soars Over 40%
To the surprise of various community members, the Shiba Inu team has announced the postponement of the highly anticipated ShibaCon conference.
XingChiShiba Inu Community Warns of Rising Scam Threats Targeting Altcoin Holders
The Shiba Inu community warns of increasing scams targeting its holders, urging caution and vigilance as fraudulent schemes and fake Telegram groups proliferate.
WenJunVitalik Buterin Donates Over $500K in Animal-Themed Meme Coins: Is it Altruism at its Best or a Strategic Coin Disposal?
Vitalik Buterin donated over $500K in animal-themed meme coins to charity, urging more practical utility for meme coins. Is this a genuine act of altruism or a strategic move to enhance his image while offloading coins?
KikyoBeware: Shiba Inu Scams Exploding on Telegram and X that Could Empty Your Wallet – Don’t Fall for These Traps
The Shiba Inu community, known for its large and active base, is increasingly targeted by scammers exploiting its popularity through fake airdrops and giveaways on Telegram and X. These scams aim to steal funds by tricking users into connecting their wallets or sharing personal information, capitalising on the community’s enthusiasm and trust.
AnaisExclusive Access to Shiba Eternity via LEASH Staking: How Shibarium Could Drive SHIB to $0.01
Shiba Eternity’s Web3 launch on Shibarium requires LEASH token staking for exclusive access. The game's integration with Shibarium will burn SHIB tokens, potentially increasing SHIB's value and driving up its price.
WeatherlyTrillions of Shiba Inu Stolen in WazirX Hack
Cybercriminals exploited WazirX, resulting in the theft of multiple crypto assets worth over $230 million.
Cheng Yuan
More news about rareusdt
- Bitcoin Price Resurgence: Ready for Another Upswing?BullishBearish
- NodeKit Introduces EVM Rollup Ember Supported by SEQBullishBearish
- Coinbase to List Virtua Token TVK and Dimo Token DIMOBullish1Bearish2
- Coinbase Adds Virtua Token TVK to Listing RoadmapBullishBearish
More news about rareusdt
Aptos (APT) Price at Risk of Nosedive - Crypto Traders Beware
APT is trading inside a descending parallel channel.
BeincryptoLong-Term Crypto Investment — Buy FIREPIN Token (FRPN), Flow (FLOW), and Stellar (XLM)
The cryptocurrency market is currently experiencing a downturn in prices and market performance. Even Bitcoin (BTC) and Ethereum (ETH) are ...
BitcoinistCan FIREPIN Token (FRPN) follow in the footsteps of Polygon (MATIC) and Solana (SOL)?
No matter how new you are to cryptocurrency, you must be familiar with Ethereum (ETH) and Bitcoin (BTC). These two ...
BitcoinistThree Cryptos ready to Explode! FIREPIN Token (FRPN), Elrond (EGLD), and KuCoin Token (KCS)
We will explore how you could potentially make a profit through cryptocurrency. Specifically, with FIREPIN Token (FRPN), Elrond (EGLD), and ...
BitcoinistAvalanche (AVAX), Chainlink (LINK), And Calyx Token (CLX) Are DeFi-Nately Worth Watching
The crypto market is a very volatile one and the prices are almost always unpredictable. Over the past month, we ...
BitcoinistEnd of a Bear Season and New Opportunities: Polkadot (DOT), EOS (EOS) And Calyx Token (CLX)
Cryptocurrency is known to be volatile and despite the recent market crashes, the market is still very profitable. As more ...
BitcoinistCan Calyx Token (CLX) Be as Lucrative as Polygon (MATIC) And Avalanche (AVAX)?
Are you looking for a new coin to invest in? Check out Calyx Token (CLX)! It has the potential to ...
BitcoinistWill FIREPIN Token (FRPN) Grow as Big as Decentraland (MANA) and The Sandbox (SAND)?
Cryptocurrencies are all the rage right now, with new ones popping up constantly. While some may be worth investing in, ...
BitcoinistIs FIREPIN Token (FRPN) a flash in the pan or an inevitable success like Solana (SOL)?
In the cryptocurrency industry, we see many crypto projects that either promise many things and become successful before fizzling out ...
BitcoinistMines of Dalarnia (DAR) Price Up 24% Today, Top Metaverse Coin Gainer on CoinMarketCap
Nulltx