- Shiba Inu’s whale purchase of 445 billion SHIB coins from Robinhood sparks optimism, indicating strong investor confidence.
- Despite recent price fluctuations, SHIB’s substantial trading volumes and whale activity suggest underlying strength.
- Technical indicators like the moderate RSI and potential bullish MACD crossover provide mixed signals for traders.
Ali Charts, an on-chain and technical analyst, reveals that over 4 trillion Shiba Inu (SHIB) tokens, valued at roughly $103 million, have flown into crypto exchanges in the last two weeks. This flurry of activity has unfolded amidst SHIB’s volatile price action, signaling a shift in investor sentiment.
#ShibaInu | Over 4 trillion $SHIB have been sent to #crypto exchanges in the last two weeks, worth around $103 million! pic.twitter.com/dqVGW3LzuA— Ali (@ali_charts) May 31, 2024
Notably, a whale recently snagged a massive 445 billion SHIB tokens from the Robinhood trading platform. This hefty transaction has ignited optimism for SHIB’s future price trajectory, with the whale’s move underscoring strong confidence among big-money players in this meme-inspired cryptocurrency.
On-chain transaction data fro…
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