Bullish for Shiba Inu? Whale Withdraws 2 Trillion SHIB From Troubled Exchange KuCoin
The stash was worth a whopping $62.2 million.
Keep up with what's happening in the crypto world in real-time.
The stash was worth a whopping $62.2 million.
This week, we take a closer look at Ethereum, Ripple, Cardano, Shiba Inu, and Dogecoin. Ethereum (ETH) Ethereum's correction appears to have ended, but the price was unable to move much above the key support at $3,300.
Shiba Inu (SHIB), a popular meme coin, registered a massive slump in price today. The plunge has been attributed to the major whale selloffs noted lately.
According to the recent Twitter/X post published by prominent cryptocurrency tracker Whale Alert, approximately an hour ago, an astonishing amount of SHIB, which exceeded a whopping trillion meme coins, was deposited to the KuCoin exchange. The latter is currently under fire from the US Department of Justice.
The crypto market is gearing up for the upcoming Bitcoin halving in April 2024, highlighting the potential of meme coins for investors. Shiba Inu (SHIB), CorgiAI (CORGIAI), Floki (FLOKI), Pepe (PEPE), and Bonk (BONK) stand out as vibrant contenders under $1.
A monumental movement of Shiba Inu (SHIB) tokens to the KuCoin exchange has jolted the crypto world awake. Whale Alert, the ever-watchful eye on blockchain transactions, flagged an astounding transfer of over 1.4 trillion SHIB, translating to a market value of approximately $43.5 million.
The official Shiba Inu account on the X social media network (known as Twitter in the not so distant past) has issued a post to celebrate an important victory of SHIB on the Binance exchange in the time when it was still run by its founder Changpeng Zhao (CZ).
Experiencing a meteoric rise, the Solana-based meme coin has achieved a remarkable feat, becoming the third-largest meme coin by market capitalization, following in the footsteps of Dogecoin and Shiba Inu.
In a striking turn of events, the Shiba Inu community has reacted to Binances provocative statement declaring everyone an NFT amidst a significant uptick in SHIB token burns that spurred its market value. The meme coins price surge comes as the community destroys over 51 million tokens, aligning with optimistic forecasts of reaching a $0.01 milestone.
Shiba Inu (SHIB) has recently made headlines for its extraordinary surge in token burn rate, signaling a significant milestone in its journey. This surge in burn rate, accompanied by fluctuations in market dynamics, warrants a deeper exploration of SHIB's performance and its broader implications for the altcoin ecosystem.
Check out why DOGE and SHIB might be on the verge of a bull run.
Within a span of just 14 hours, transactions amounting to 1.4 trillion SHIB have been recorded, which raises some questions: Why are whales moving so much SHIB and can it affect its market price?
Dogwifhat (WIF), the meme-inspired cryptocurrency, made waves in the market by surpassing PEPE to claim the title of the third-largest meme coin in the crypto market. With its price rallying to $4, Dogwifhat's market capitalization now stands at an impressive $4 billion, positioning it just behind leading meme tokens DOGE and SHIB.
WIF now has the third-largest market capitalization in the memecoin market after DOGE and SHIB.
Meme coin Dogwifhat (WIF) has been on an unstoppable price rally this year with a majority of gains attained just over the last month. Earlier today, the Dogwifhat (WIF) price rallied all the way to $4.
Shiba Inu, one of the most popular meme-based cryptocurrencies, nabbed significant investor attention today, March 29, as its price continued to soar remarkably. Amid this notable price jump witnessed by SHIB, two attention-grabbing chronicles appear to have emerged within the cryptocurrency sector.
In the crypto space, the hunt for patterns and trends is intense. Recently, a notable crypto strategist revealed an intriguing pattern that may happen for Shiba Inu (SHIB).
Shiba Inu's heating up for another leg in the current Spring run as SHIB custodians blaze 56M SHIB in 5 transactions.
Shiba Inu (SHIB) lead developer, Shytoshi Kusama, recently told Ethereum's co-founder Vitalik Buterin that he should expect more improvement from the SHIB ecosystem soon. This comes in response to Vitalik's comment in which he praised the meme coin.
Shiba Inu has gone on various price spikes in the past few months amidst a surge in activity and interest in the meme coin. This price movement has prompted traders and analysts to ponder on when SHIB can reach the much coveted $0.0001 mark, a price level which it has largely failed to reach despite the impressive price action.
Shiba Inu's price finally broke above $0.000033 on March 28, up 38.2% in the past week, while market indicators highlight the key catalysts behind the ongoing price breakout.
Bitcoin is looking positive, but the up move is likely to face stiff resistance above $72,000.
"Do not connect your wallet to websites shared by these accounts," LUCIE alerted.
Shiba Inu Coin price analysis: SHIB, the second-largest meme coin by market capitalization, has recently made waves in the crypto community, demonstrating a remarkable 24-hour value increase. SHIB price has been trading in an ascending trend, breaking through critical resistance levels and reaching new heights.
