• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M
Major SHIB Transaction from Crypto.com Draws Attention

Major SHIB Transaction from Crypto.com Draws Attention

user avatar

by Giorgi Kostiuk

3 months ago


A significant transaction in the Shiba Inu (SHIB) landscape has been identified. Let's analyze the key aspects of this transaction and its implications for the market.

Breaking Down the Transactions

Analytical insights from Whale Alert reveal a significant 818,460,000,000 SHIB token transfer from Crypto.com. The largest transfer involved 1,636,940,000,000 SHIB, valued at $39,038,563, to unknown wallets.

Implications of Token Movements

Large token outflows often signal asset accumulation by investors, potentially foretelling future price increases. The recent rise in Shiba Inu's market value supports this theory.

Analyzing Market Trends

The timing of these transactions is intriguing, with Shiba Inu's price on the rise. This highlights investors' confidence in the token's future. Additionally, Shiba Inu sees significant 'whale' movements on other major exchanges like Binance.

Shiba Inu continues to strengthen its market position, attracting attention from both retail and institutional investors. Such transactions may indicate potential market shifts.

0

Share

Other news

Layer 1 Raises $210M: Record BlockDAG Presale, ZEC and ENA in Focus

Record BlockDAG presale led to $210M, Zcash recovers, and ENA prepares for significant token unlock.

user avatarGiorgi Kostiuk

9 minutes ago

Bitcoin Strategic Purchases: How Metaplanet Expands its Assets

Japan's Metaplanet acquired 696 BTC, raising its holdings to 4,046 units, demonstrating commitment to digital investments.

user avatarGiorgi Kostiuk

10 minutes ago

Backpack Exchange to Help FTX EU Clients Recover Funds

Backpack Exchange has begun a fund return process for FTX EU clients to expedite recovery post-collapse.

user avatarGiorgi Kostiuk

10 minutes ago

Cronos and BlockDAG: Significant Changes in the Crypto Market

Cronos rises 40% post SEC investigation, while BlockDAG secures $5M in 48 hours.

user avatarGiorgi Kostiuk

16 minutes ago

BDAG, Mantle, and Sui: Comparing Web3 Development Technologies

Learn about BlockDAG's innovations and compare them with Mantle and Sui in the context of Web3 development.

user avatarGiorgi Kostiuk

17 minutes ago

Elon Musk Claims Biden Mismanages Social Security Funds

Elon Musk claimed millions of noncitizens were issued Social Security numbers under Biden's administration.

user avatarGiorgi Kostiuk

17 minutes ago

dapp expert logo
© 2020-2025. DappExpert. All rights reserved.
© 2020-2025. DappExpert. All rights reserved.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.