Unprecedented $SHIB Purchase: Robinhood Witnesses 1.75 Trillion Shiba Inu Coin Transaction, Fuels Market Speculation
Release: 2024/05/05 10:20 Reading: 984
Before you reading, Don't miss coins like PEPE again! Click here to find new PEPEs!
A Shiba Inu whale wallet recently made a series of large transactions on Robinhood, accumulating around 1.75 trillion $SHIB tokens, equivalent to approximately $40 million.
Whale Alert, a whale monitoring service, first noticed the whale’s accumulation and highlighted two massive SHIB transactions from Robinhood’s wallets to unknown wallets.
This whale activity coincides with a potential bullish signal for SHIB, as pointed out by prominent cryptocurrency trader Ali Martinez.
Shiba Inu Whale Activity
An anonymous Shiba Inu whale wallet recently executed a series of large transactions on the popular Robinhood exchange. The whale accumulated a staggering 1.75 trillion $SHIB tokens, valued at roughly $40 million. The whale’s accumulation was first spotted by whale monitoring service Whale Alert, which pointed to two massive SHIB transactions off of Robinhood’s wallets to unknown wallets. Both transactions were of 875 billion SHIB, worth nearly $20 million.
Potential Bullish Signal for SHIB
This whale activity coincides with a potential bullish signal for SHIB. According to a recent post by Ali Martinez, a prominent cryptocurrency trader, Shiba Inu’s daily chart appears to be forming a “bull flag,” a technical indicator suggesting an imminent price surge. Anticipating this breakout, Martinez revealed plans to place buy orders around the $0.000018343 mark, aiming to capitalize on a potential rise in SHIB’s price.
Decrease in SHIB Exchange Netflow
As reported by CoinOtag, the meme-inspired cryptocurrency has seen its reserves on centralized cryptocurrency exchanges drop to their lowest level since February 2022, according to blockchain analytics firm CryptoQuant. CryptoQuant’s data also shows a predominantly negative SHIB exchange … Read the full article for FREE at COINOTAG!
Recent news
More>- 60.9 Billion Dogecoin (DOGE) in 24 Hours, What's Happening? 11-27
- Historic Milestones: Bitcoin approaching $100,000 and Pepe Unchained secures over $52 million in presale 11-27
- UK’s financial regulator to implement final crypto rules by 2026 11-27
- Dogecoin’s Dogebox Will Revolutionize Everyday Transactions in 2025 11-27
- From Dogecoin to Dogen: The 10,000% Rally Everyone Is Talking About! 11-27
- Bets.io – one of the most wonderful and safe online crypto-casinos 11-27
- This week’s crypto opportunities: Buy signals for XRP, LINK, and XYZ 11-26
- Trump’s Pet Pepe (TRUMPEPE) Solana Memecoin Will Rally 18,000% Before Exchange Listings, As Shiba Inu and DOGE Lag 11-26
- Analyst Predicts This Layer-2 Meme Coin Could Surge 150X at Launch 11-26
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