Featured image from Traxer \/ Unsplash, Chart from TradingView.com<\/div>\n","protected":false},"excerpt":{"rendered":"
The upcoming launch of Shibarium is raising high hopes in the Shiba Inu community that the SHIB price will rise due to an expanded use case beyond a meme coin. However, a known SHIB whale could derail the hoped-for price rally. As one of the industry-leading blockchain security companies PeckShield reported via Twitter today, bankrupt crypto lender Voyager has moved some of its crypto holdings. According to PeckShield, about $9.6 million of cryptocurrencies were transferred from Voyager to crypto exchanges Coinbase, Binance US, and Kraken. Among them were around 4.9 million VGX ($2.1 million), 221,000 LINK ($1.5 million), 3,050 ETH ($3 million), and also 270 billion SHIB, equivalent to around $3 million. As the security company also informed, Voyager still holds 6.8 trillion SHIB, equivalent to around $82 million This makes Voyager the 18th largest whale of Shiba Inu and a potential threat to the SHIB price if the tokens were to be sold at some point in the future.\u00a0The reasons for the transfer were not known at press time. Related Reading: Shiba Inu Observes Highest Rise In Burn Rate \u2013 Is This Normal? Rumors are circulating on Twitter that Voyager may want to profit from the recent market rally and liquidate the altcoins to compensate its creditors. If this is true, SHIB could face a sell-off that could push the price down sharply. Shiba Inu Price Remains Unaffected Whether the rumors will actually come true remains to be seen. Binance.US agreed to buy a part of Voyager’s assets in December after the deal between the company and FTX fell through. However, the deal is still in limbo due to opposition from government regulators: the Securities and Exchange Commission (SEC) and the Committee on Foreign Investments in the U.S. (CFIUS). Another hearing is scheduled for March in the Bankruptcy Court for the Southern District of New York. In addition, approval by a majority of Voyager’s creditors is also required. At least at press time, the Shiba Inu price showed no signs of a major sell-off. SHIB was trading at $0.00001205, up 4% in the last 24 hours. This is in line with the broader market rally following yesterday’s Fed rate decision. Related Reading: Shiba Inu (SHIB) Price Could Face Make Or Break Moment The SHIB price has seen a bounce up from the 200-day EMA and could now target the resistance zone above $0.00001250 once again. In addition to continued positive sentiment in the crypto market, the ‘expected’ launch of Shibarium on Valentine’s Day, February 14 could be a catalyst for the breakout. If the Shiba Inu price were to succeed in writing a new local high, there would be a possibility that SHIB could make a new attempt to break the October 29 high at $0.00001519. Such success could mean a return to the bullish territory. Featured image from Traxer \/ Unsplash, Chart from TradingView.com<\/p>\n","protected":false},"author":571,"featured_media":518428,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[92559],"tags":[83668,83667,15674],"class_list":["post-518425","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-shiba-inu-coin","tag-shib","tag-shiba-inu","tag-voyager"],"acf":[],"yoast_head":"\n
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Through his extensive work with uniquehot.com and Bitcoinist.com, Jake has become a trusted voice in the crypto community, guiding newcomers and seasoned enthusiasts alike towards a deeper understanding of this dynamic field. His mission is simple yet profound: to demystify Bitcoin and cryptocurrencies and make them accessible to everyone. With a professional career in the Bitcoin and crypto scene that began right after graduating with a degree in Information Systems in 2017, Jake has immersed himself in the industry. Jake joined the NewsBTC Group in late 2022. His educational background provides him with the technical prowess and analytical skills necessary to dissect complex topics and present them in an understandable format. Whether you are a casual reader curious about Bitcoin or an investor seeking to navigate the latest market trends, Jake\u2019s insights offer valuable perspectives that bridge the gap between complex technology and everyday usage. Jake is not just a reporter on technological trends; he is a firm believer in the transformative potential of Bitcoin over traditional fiat currencies. To him, the current financial system is on the brink of chaos, propelled by unchecked government actions and flawed Keynesian economic policies. Drawing from the principles of the Austrian school of economics, Jake views Bitcoin not merely as a digital asset but as a crucial step towards rectifying a failing monetary system. His libertarian views reinforce his stance that just as the church was separated from the state, so too should money be freed from governmental control. For Jake, Bitcoin represents more than just an investment; it's a peaceful revolution. He envisions a future where Bitcoin fosters a sustainable and responsible financial framework for generations to come. His advocacy is not about opposition but about evolution, about laying the groundwork for a system that prioritizes transparency and equity over secrecy and inequality. As a journalist, Jake\u2019s articles are crafted with the precision of a scholar and the passion of a true believer. He provides not only news but also thoughtful analysis that connects the dots between daily developments and larger economic theories. His work is a beacon for those lost in the technical jargon often associated with crypto discussions, illuminating the practical implications and benefits of these technologies. In summary, Jake Simmons is not just reporting on a revolution; he wants to be part of it, fully committed to enhancing public understanding and adoption of Bitcoin and cryptocurrencies. His work is more than just a collection of articles; it\u2019s a resource, a guide, and a companion for anyone ready to explore the potential of this digital frontier. Whether you are taking your first steps into crypto or are a veteran looking to stay on top of the latest trends, Jake\u2019s insights provide clarity and foresight in an often unpredictable industry. Join him on this journey to reshape the world of finance, one post at a time. You can engage with his latest takes on Twitter: @realJakeSimmons.","sameAs":["https:\/\/x.com\/https:\/\/twitter.com\/realJakeSimmons"],"url":"https:\/\/uniquehot.com\/author\/marcusmisiak\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Shiba Inu’s Price Surge Is In Jeopardy Due To This SHIB Whale","url":"http:\/\/uniquehot.com\/news\/shiba-inu-coin\/shiba-inu-price-surge-jeopardy-due-shib-whale\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/uniquehot.com\/news\/shiba-inu-coin\/shiba-inu-price-surge-jeopardy-due-shib-whale\/"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/02\/traxer-8XnqoF-dTSU-unsplash-scaled.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/02\/traxer-8XnqoF-dTSU-unsplash-scaled.jpg?fit=2560%2C1703"},"articleSection":"Shiba Inu Coin","author":[{"@type":"Person","name":"Jake Simmons"}],"creator":["Jake Simmons"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["shib","shiba inu","voyager"],"dateCreated":"2023-02-02T12:00:47Z","datePublished":"2023-02-02T12:00:47Z","dateModified":"2024-06-11T07:49:51Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Shiba Inu’s Price Surge Is In Jeopardy Due To This SHIB Whale\",\"url\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/shiba-inu-coin\\\/shiba-inu-price-surge-jeopardy-due-shib-whale\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/shiba-inu-coin\\\/shiba-inu-price-surge-jeopardy-due-shib-whale\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2023\\\/02\\\/traxer-8XnqoF-dTSU-unsplash-scaled.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2023\\\/02\\\/traxer-8XnqoF-dTSU-unsplash-scaled.jpg?fit=2560%2C1703\"},\"articleSection\":\"Shiba Inu Coin\",\"author\":[{\"@type\":\"Person\",\"name\":\"Jake Simmons\"}],\"creator\":[\"Jake Simmons\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"shib\",\"shiba inu\",\"voyager\"],\"dateCreated\":\"2023-02-02T12:00:47Z\",\"datePublished\":\"2023-02-02T12:00:47Z\",\"dateModified\":\"2024-06-11T07:49:51Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/uniquehot.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/02\/traxer-8XnqoF-dTSU-unsplash-scaled.jpg?fit=2560%2C1703","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/518425"}],"collection":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/users\/571"}],"replies":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/comments?post=518425"}],"version-history":[{"count":0,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/518425\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media\/518428"}],"wp:attachment":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media?parent=518425"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/categories?post=518425"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/tags?post=518425"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}![\"Shiba](\"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/02\/SHIBUSD_2023-02-02_11-57-30.png?resize=2956%2C1618\")