Crypto Ahmet
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๐ป๐ป400 billion Shiba Inu (SHIB) transfer raises concernsโผ๏ธ
Crypto analytics platform Spotonchain reported that two large amounts of Shiba Inu ($SHIB ) were transferred as of December 19.
The development coincided with a 10 percent drop in the price of #ShibaInu following Bitcoinโs Fed Reserve announcement. Spotonchain reported that a whale who bought Shiba Inu early and made a profit of $108 million thanks to his investment, moved a total of 399.99 billion #SHIB to US-based crypto exchange Gemini.
Shiba Inu (SHIB) is in a downtrend
A Shiba Inu whale bought exactly 15.2 sessions of SHIB for just 10 ETH on August 7, 2020. Until it is stuck, the total value of the 2 SHIB portfolio is 48.54 million storage space. This figure shows that the whale made a total profit of $107.7 million.
Another analysis report revealed that SHIB whales have largely liquidated their memecoins. This coincided with the Shiba Inu price dropping by about 10 percent in the last 24 hours.
SHIB price fell from $0.00002618 to $0.00002345. In the last 10 days, the popular memecoin has lost more than 21 percent of its value. Not only Shiba Inu, but also memecoins in general have seen sharp declines.
Factors such as money outflow from memecoins, a decrease in BTC or an increase in BTC dominance will push the Shiba Inu price to lower levels. In the opposite scenario, a slowdown in the parity can be expected.
#FullMarketBullRun #MarketPullback #binance
The development coincided with a 10 percent drop in the price of #ShibaInu following Bitcoinโs Fed Reserve announcement. Spotonchain reported that a whale who bought Shiba Inu early and made a profit of $108 million thanks to his investment, moved a total of 399.99 billion #SHIB to US-based crypto exchange Gemini.
Shiba Inu (SHIB) is in a downtrend
A Shiba Inu whale bought exactly 15.2 sessions of SHIB for just 10 ETH on August 7, 2020. Until it is stuck, the total value of the 2 SHIB portfolio is 48.54 million storage space. This figure shows that the whale made a total profit of $107.7 million.
Another analysis report revealed that SHIB whales have largely liquidated their memecoins. This coincided with the Shiba Inu price dropping by about 10 percent in the last 24 hours.
SHIB price fell from $0.00002618 to $0.00002345. In the last 10 days, the popular memecoin has lost more than 21 percent of its value. Not only Shiba Inu, but also memecoins in general have seen sharp declines.
Factors such as money outflow from memecoins, a decrease in BTC or an increase in BTC dominance will push the Shiba Inu price to lower levels. In the opposite scenario, a slowdown in the parity can be expected.
#FullMarketBullRun #MarketPullback #binance
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