Shiba Inu Accumulation: You Won’t Believe How Much SHIB Whales Have Bought
28 Octubre 2023 - 1:00PM
NEWSBTC
Shiba Inu is up by 12.15% in a 7-day timeframe as investors
continue to accumulate cryptocurrencies in the wider crypto market.
However, on-chain data has shown that accumulation has been going
on for a while, with SHIB whales now accumulating $300 million in
the past three months. Shiba Inu Whales Have Been
Accumulating Large Amounts Of SHIB On-chain data from IntoTheBlock
has shown that SHIB whales, meaning large holders, have been
accumulating huge amounts of SHIB over the last few months. Large
holders in the Shiba Inu ecosystem are divided into 12 whales
(those with more than 1% of circulating supply) and 47 investors
(those with more than 0.1% of circulating supply). These top SHIB
wallet addresses have added an increase of +33.17%, around $300
million worth of SHIB in just the last 90 days. Related Reading:
Litecoin Whales Are Back In The Game, Can Price Reach $100? Data
from the on-chain tracker Whale Alerts has shown various massive
transfers during this time period. When investors accumulate large
amounts, it often signals an incoming price rally. 🚨 🚨
4,544,030,677,374 #SHIB (32,142,200 USD) transferred from unknown
wallet to unknown wallethttps://t.co/Y7jvL2qtJV — Whale Alert
(@whale_alert) October 21, 2023 These massive accumulations by
large holders point to their bullish belief in SHIB, despite the
crypto having a weak momentum before the ongoing spike in the
crypto market. This accumulation can, for the most part, be
traced back to the introduction of Shibarium. The layer-2 solution
developed by Shiba Inu, known as Shibarium, has had a good deal of
success. At the time this article was written, the Shibarium
blockchain had a total of 3,685,073 transactions and 1,257,858
wallet addresses. SHIB Future Outlook SHIB has had a price spike in
relation to the ongoing inflow of funds into the crypto market
currently being spearheaded by Bitcoin. At the time of writing,
SHIB is trading at $0.00000784 after facing rejection at the
$0.0000082 mark. Bulls have defended the $0.0000061 support
level and $0.0000077 levels very strongly to form support after the
price tested the latter level multiple times. A sustained move
above $0.0000082 could send SHIB skyrocketing to its August high of
$0.00001137. Related Reading: Bitcoin Price Rally: Analyst Sets
$45,000 Target And It’s Closer Than You Think Large SHIB holders
now hold 71% of the total circulating supply, and some of them can
manipulate the price to their advantage. While whale accumulation
is a positive sign, there are other things to consider regarding
SHIB’s price outlook. On the other hand, the Shiba Inu developers
and team leaders have pointed at upcoming projects in the
ecosystem, one of which is a stablecoin based on Shibarium. If
successful, a SHIB-based stablecoin could attract new investors to
the Shiba Inu ecosystem, leading to a strong SHIB price spike. SHIB
price readies to test $0.000008 | Source: SHIBUSD on
Tradingview.com Featured image from iStock, chart from
Tradingview.com
Litecoin (COIN:LTCUSD)
Gráfica de Acción Histórica
De Mar 2024 a Abr 2024
Litecoin (COIN:LTCUSD)
Gráfica de Acción Histórica
De Abr 2023 a Abr 2024