• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

The Future Outlook for SHIB

user avatar

by Giorgi Kostiuk

a year ago


The recent sizeable transfer of 139.88 billion SHIB tokens worth $2.42 million from Coinbase to an undisclosed address has sparked curiosity and speculation within the cryptocurrency community. According to data from Arkham, this notable transaction involved the address '0xA606,' which lacked any previous transaction history. Split into two periods, the withdrawal consisted of an initial transfer of 116.623 billion SHIB tokens followed by an additional 23.26 billion SHIB tokens. This surprise move coincided with a period of decreased trading activity surrounding Shiba Inu, which has witnessed a significant price decline over the past few months. The value of SHIB plummeted by 62% from $0.000045 to $0.000017 after experiencing a sharp 400% drop in February. Consequently, interest in this meme cryptocurrency has waned. The significance of this withdrawal lies in its timing, indicating a strategic accumulation tactic amid low market enthusiasm. Such significant movements often precede planned market activities, giving rise to speculations regarding potential future trends in SHIB's valuation. The attention has now shifted to the price chart of Shiba Inu, as large unknown entities discreetly amass wealth in SHIB while the token remains relatively unnoticed. Observers await clues from the price movements of this popular meme cryptocurrency to gauge its upcoming trajectory.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Eclipsera Legends Launches ECS Token Presale

chest

Eclipsera Legends has officially launched the presale for its native token, ECS, allowing early supporters to purchase at a discounted rate.

user avatarDiego Alvarez

Concerns Over Pi Network Token Unlocks and Potential Price Correction

chest

Investors are wary of potential sell pressure due to upcoming token unlocks and overbought conditions.

user avatarKenji Takahashi

Bitcoin MENA 2025 Set to Attract Over 12,000 Attendees

chest

The Bitcoin MENA conference in Abu Dhabi is expected to draw more than 12,000 attendees this December, featuring key figures in the Bitcoin industry.

user avatarMaria Fernandez

FET Token Positioned to Lead AI Cycle

chest

PA Koala C highlights the potential of the FET token as the AI cycle heats up, supported by strong technical indicators.

user avatarGustavo Mendoza

Strategy MSTR Maintains Strong Bitcoin Financial Health Amid Market Volatility

chest

Strategy MSTR asserts its Bitcoin financial health remains robust even if BTC drops to 25,000, showcasing a strong risk management approach.

user avatarRajesh Kumar

Ho Chi Minh City Partners with Binance to Develop International Financial Center

chest

Ho Chi Minh City Department of Finance has signed a memorandum of understanding with Binance to develop Vietnam's International Financial Center.

user avatarMiguel Rodriguez

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.