ShibaInu On Solanaの‌価格SHIB

A whale that has been silent for 3 years deposited 100.4 billion SHIB into Binance, earning about $310,000 According to Lookonchain monitoring, the whale address starting with 0x6E45 deposited 100.45 billion SHIB (about 1.21 million US dollars) to Binance 6 hours ago after being silent for 3 years, with a profit of about 311,000 US dollars (profit exceeded 2.7 million US dollars at the peak).

A dormant whale address, inactive for 3 years, deposited 100.4 billion SHIB into Binance 6 hours ago.

I agree with Murad. $SHIB #SPX6900 $DMC @DeLoreanlabs Holders are Hardcore 🤝🏻

RT @mr_pschmitt: @Poe_Ether $MASK is the 2025 Coin from what I see the last 7 days. The first 7 days of $SHIB, nothing happend. It took mon…

A cryptocurrency platform has researched the recent Shiba Inu (SHIB) transaction spotted by Whale Alert that triggered panic among the memecoin’s holders, leading to a 2.34% decline in SHIB’s price within 24 hours. The crypto platform discovered that the transaction actually involved a change of custody, not a sell-off suspected by many SHIB users, which triggered a panic sell. After researching the transaction, the crypto firm identified Wintermute, a leading algorithmic trading firm, as the originator of these large transfers. Wintermute moved funds, including SHIB and ETH, from BitGo, a digital assets custody and liquidity firm, to Coinbase Prime, the institutional investor arm of the leading US exchange. According to the crypto platform’s report, Wintermute carried out several transactions, including a 2.89 trillion SHIB transfer worth $36.6 million. The algorithmic trading firm also sent 16,650 ETH worth $43.5 million from BitGo to Coinbase. The flow of funds clearly indicates that Wintermute pulled funds from the custody platform BitGo and shifted them to Coinbase Prime. It is worth noting that market makers carry out such transactions for several reasons, not necessarily linked to selling off. For instance, market makers could transfer significant funds from secure custody to exchanges when they want to execute trades. That suggests that Wintermute’s latest transfers were to move SHIB and ETH to Coinbase Prime for active trading and market-making. Hence, the spotted transaction was not from an unidentified source trying to sell. Related: Is Shiba Inu Set for a Trend Reversal? Key Bullish Patterns Emerge for SHIB In the broader picture, massive transactions involving SHIB tokens are common in the cryptocurrency market. Typically, such movements, once understood, do not significantly impact the memecoin’s price in the long term. They do, however, reveal the ongoing user activity in the Shiba Inu ecosystem amid bearish pressure. SHIB remains under bearish pressure and has not regained its historical bullish momentum. Related: SHIB to $0.00024 or $0.0058: Bullish Dream or Future Reality? Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.