Shiba Inu Price Rallies With Whales Shifting Trillions Of SHIB, Bull Run Ahead?
Release: 2023/12/19 14:54 Reading: 784
Shiba Inu, an Ethereum-based altcoin, advances further into its cryptographic venture today. The token’s community appears to have noted two significant whale transfers, gaining significant traction within the crypto realm.
As the whale data surfaced in the broader crypto market, traders and investors garnered considerable interest in the token, succeeding market charts, illustrating an upward trajectory for the SHIB cryptocurrency. The upswing, denoted by the token, further aligns with the substantial whale transfers unveiled recently, stirring speculations across the crypto landscape.
Moreover, even the surge in the SHIB burn rate over the past week further fueled optimism for the token, as witnessed by the SHIB price.
Whale Transfers Orbiting Shiba Inu
Whale Alert, a platform facilitating blockchain metrics, recently revealed the data orbiting SHIB whale transfers. Furthermore, as per the data, an unknown wallet, 0x2efb50e9…32bbf2e204, was noted transferring 579.04 billion SHIB to Binance, a prominent cryptocurrency exchange. Notably, the amount transferred to Binance totaled $5.88 million while writing.
In addition, another whale transaction, transferring SHIB from Binance to OKX, amassed significant attention. In accordance with the data, a whopping 499.99 billion SHIB, worth $5.02 million, were transferred to OKX. Intriguingly, the transfer of SHIB between CEXs Binance and OKX hints toward a potential increase in demand for the token, falling in line with the SHIB price today.
Also read: Crypto Prices Today: BTC, SEI Lead Gains As Pepe Coin Remains Flat
SHIB Price Soars
The Shiba Inu price portrayed a jump of 3.63% in the past 24 hours, currently trading at $0.00001043. Moreover, this jump was further escorted by a weekly upswing illustrated by the token, surging 8.49%.
The upward momentum gained by the Shiba Inu cryptocurrency may be attributed to numerous advancements made by the community, whether Kusama’s spotlighting significant developments or SHIB’s listing chronicle. Moreover, the colossal weekly surge of 4053% in the SHIB burn rate seems to mirror the price upswing.
Meanwhile, the traction gained by SHIB within the crypto horizon was further enlightened by Kaal Dhairya, another SHIB project developer. Dhairya stressed that the Shibarium network noted over 130 million inscriptions in less time than any of the other chains.
Intriguingly, the token’s market performance saga, accompanied by the developments made by the Shiba community, positions the token for a potential bull run ahead.
Also read: Binance and CFTC Reach a $1.35 Billion Settlement, CZ to Pay $150 Million
The post Shiba Inu Price Rallies With Whales Shifting Trillions Of SHIB, Bull Run Ahead? appeared first on CoinGape.
Recent news
More>- Trump’s Revolution Solana Memecoin Will Surge 13,000% Before First Exchange Listing, As Shiba Inu and DOGE Lag 11-23
- Enormous XRP Breakthrough: $2 in Sight, Dogecoin (DOGE) at Pivotal Price Level, Ethereum (ETH) Forms Very Dangerous Pattern 11-23
- Pepeto’s $600K Presale Highlights Vision for Supporting Memecoins Ahead of 2025 11-23
- Pepeto’s $600K Presale Highlights Vision for Supporting Memecoins Ahead of 2025 (22 Nov) 11-23
- New Solana Memecoin Shiba Eats Pepe to Skyrocket 16,000% Before Exchange Listing, as Dogecoin and Bonk Fall 11-23
- Top Trader Calls Dogecoin Budget XRP — Here's Why 11-23
- PNUT, WIF, PEPE Defy the Odds: How High Can These Memecoins Climb? 11-23
- $1k in Dogecoin in 2021 Worth $200,000 Today, Analyst Points to a New Opportunity to Repeat It 11-23
- $440 in Dogecoin (DOGE) Could Turn Into $44000 by November 2025, But One DOGE Alternative Will Do It in 8 Weeks: Surprisingly, It’s Not Shib... 11-23
Selected Topics
More>>-
- pepecoin Price Analysis
- This topic provides articles related to PepeCoin price, covering key PepeCoin insights and analysis
-
- pepe:meme star
- This topic provides articles related to the most promising meme, PEPECOIN, a project with the potential to become a mainstream digital currency. It has the advantages of decentralization, reliability, ease of use, fast speed, low cost and scalability, and is expected to be more widely used in the future
-
- pepecoin price prediction
- We’ve gathered facts about pepecoin’s success story and provided a pepecoin price prediction
Selected Articles
More>>- 1 Avalanche and Aptos rival raises over $600k in 2 weeks
- 2 Crypto Prices Today: Market Continues Rally With BTC, Pepe Coin, SEI Rising
- 3 Major Analyst Crypto Tony Bullish on These Meme Coins, But One Stands Out
- 4 MTAUR Ready to Crush DOGE and PEPE: 100x Price Growth Incoming?
- 5 Memecoins Surge in 2024, Popcat Leads with 7,621% YTD Gain, Outshining Top Crypto Tokens
- 6 PEPE Meme Coin Smashes ATH – See How Much an $83 Investment in Pepe Coin Last Year is Worth Now
- 7 Top 4 Altcoins At 70% Discounts – Last Chance!
- 8 Dogecoin Creator Proposes DOGE to NBA Legend Scottie Pippen
- 9 Top Analyst Who Predicted Dogecoin (DOGE) Last 170x Rally Forecasts New Parabolic Rise, Here’s His Price Target
- 10 New Solana Memecoin Trump Loves Elon to Rally 15,000% Before Exchange Listing, SHIB and Bonk Crash
ABOUT US
We are building the most influential，trusted information platform for aglobal community engaged in thd transformation of the financial system andthe emerging crypto economy.PEPE is an integrated platform for media,events,data & indices for the next generation fo investing and the future of money.
Get in touch with the PEPE team at admin@pepecoinbuy.com