Recently, a large transfer of Shiba Inu worth around $2.3 million was made from the Coinbase exchange. These events have drawn the attention of analysts and investors.
Shiba Inu Transfer Data
According to Arkham analysis, 189,048,016,126 Shiba Inu coins were deposited to an Ethereum address. Transfers occurred in batches of 15.3 billion SHIB, each totaling around $190,000, all initiated from the leading exchange Prime over a short period.
Shiba Inu Price Overview
Currently, SHIB is priced at $0.00001213, approaching support at $0.00001107. Resistance levels are noted at $0.00001688 and $0.00002052. The price has been fluctuating in this range for several months.
Conclusions from the Transaction
The transfer of large sums from the exchange does not change the current market situation but may indicate the investor's intentions. The movement of nearly $2.3 million into an unknown wallet raises questions about the future of these funds amid the uncertainties of the cryptocurrency market.
Thus, the operation involving Shiba Inu worth $2.3 million demonstrates investor activity, yet the exact intentions remain unknown in light of current market conditions.
