{"id":555734,"date":"2023-10-17T19:00:13","date_gmt":"2023-10-17T19:00:13","guid":{"rendered":"https:\/\/uniquehot.com\/?p=555734"},"modified":"2024-06-11T07:51:04","modified_gmt":"2024-06-11T07:51:04","slug":"shiba-inu-whale-32-4-million-shib","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/shiba-inu-coin\/shiba-inu-whale-32-4-million-shib\/","title":{"rendered":"Shiba Inu Whale Moves $32.4 Million In SHIB, Large Sell Incoming?"},"content":{"rendered":"<p><span style=\"font-weight: 400\">Shiba Inu&#8217;s ecosystem hasn&#8217;t been spared from the <\/span><a href=\"https:\/\/bitcoinist.com\/fake-bitcoin-etf-approval-liquidated-74-million\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">crypto market volatility<\/span><\/a><span style=\"font-weight: 400\"> in recent weeks, as the price has been caught in a whirlwind of uncertainty in recent times. While investors are still wondering about the short-term outlook of the crypto, a Shiba Inu whale has gone ahead to move $32.4 million in SHIB tokens into an unknown wallet.\u00a0<\/span><\/p>\n<h2>Whale Moves $32.4 Million Shiba Inu<\/h2>\n<p><span style=\"font-weight: 400\">This whale transfer appears to have generated interest from SHIB investors, considering the relatively <\/span><a href=\"https:\/\/uniquehot.com\/shiba-inu\/shiba-inu-price-marketing-lead-upcoming-journey\/\"><span style=\"font-weight: 400\">quiet environment within the Shiba Inu ecosystem<\/span><\/a><span style=\"font-weight: 400\">. The sheer size of this transaction is notable and worth monitoring, as a <\/span><a href=\"https:\/\/bitcoinist.com\/bitcoin-retests-27000-miners-biggest-selloff-april\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">selloff <\/span><\/a><span style=\"font-weight: 400\">could introduce selling pressure and negatively impact SHIB&#8217;s price, even if temporary.\u00a0<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/uniquehot.com\/shiba-inu\/shiba-inu-explosive-211-shib-burn\/\">Shiba Inu Starts Off Strong With An Explosive 233% In SHIB Burn Rate<\/a><\/div>\n<p><span style=\"font-weight: 400\">However, sometimes whales will move their funds around between wallets for various reasons other than buying and selling. It would seem like this is the case, as an in-depth look into the transactions shows the transfer could&#8217;ve been between wallets controlled by the same entity.\u00a0\u00a0<\/span><\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">\ud83d\udea8 \ud83d\udea8 4,587,030,677,374 <a href=\"https:\/\/twitter.com\/hashtag\/SHIB?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">#SHIB<\/a> (32,409,665 USD) transferred from unknown wallet to unknown wallet<a href=\"https:\/\/t.co\/Mbf5ejiaYb\" rel=\"nofollow\">https:\/\/t.co\/Mbf5ejiaYb<\/a><\/p>\n<p>\u2014 Whale Alert (@whale_alert) <a href=\"https:\/\/twitter.com\/whale_alert\/status\/49019093?ref_src=twsrc%5Etfw\" rel=\"nofollow\">October 16, 2023<\/a><\/p><\/blockquote>\n<p><span style=\"font-weight: 400\">According to on-chain data, the transaction was made from the address &#8220;0xe9bb&#8221; into a new private address &#8220;0x44a8&#8221;. The recipient wallet &#8220;0x44a8&#8221; now holds a total of over 4.58 trillion SHIB, worth more than $33 million at the time of writing. Address &#8220;0xe9bb&#8221; had initially received the tokens from &#8220;0xA863&#8221; before transferring it out to &#8220;0x44a8&#8221; in less than 10 minutes.\u00a0<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-medium\" src=\"https:\/\/www.tradingview.com\/x\/JXP2R9XX\/\" alt=\"Shiba Inu price chart from Tradingview.com (SHIB whale)\" width=\"2804\" height=\"1746\"><\/p>\n<pre style=\"text-align: center\">SHIB price trending at $0.000007 | Source: <a href=\"http:\/\/Tradingview.com\" rel=\"nofollow\">SHIBUSDT on Tradingview.com<\/a><\/pre>\n<h2><span style=\"font-weight: 400\">\u00a0<\/span>Large Sell Incoming?<\/h2>\n<p><span style=\"font-weight: 400\">This whale transfer is one of the largest <\/span><a href=\"https:\/\/bitcoinist.com\/spike-in-shiba-inu-inflow\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">SHIB transactions this month<\/span><\/a><span style=\"font-weight: 400\">. But while whale movements tend to reveal the current market sentiment, a single transfer cannot necessarily move the entire market, even if there&#8217;s a selloff.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">As a result, Shiba Inu\u2019s price hasn\u2019t reacted much to the transfer but has lost 0.29% of its market cap in the past 24 hours. Although there&#8217;s always a possibility of the whale dumping their entire bag, this trading behavior suggests they intend to keep holding the tokens.<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/uniquehot.com\/bitcoin-news\/on-chain-tracker-notices-major-difference-between-bitcoin-and-ethereum-whales\/\">On-Chain Tracker Notices Major Difference Between Bitcoin And Ethereum Whales<\/a><\/div>\n<p><span style=\"font-weight: 400\">SHIB is currently the second-largest meme cryptocurrency, although the majority of investors are losing money at this point. As <\/span><a href=\"https:\/\/uniquehot.com\/news\/shiba-inu-plummets-around-91-expected-to-suffer-losses\/\"><span style=\"font-weight: 400\">reported from data<\/span><\/a><span style=\"font-weight: 400\"> provided by IntoTheBlock, only 9% of holders are making money at the current price.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Nevertheless, the <\/span><a href=\"https:\/\/uniquehot.com\/shiba-inu\/shiba-inu-explosive-211-shib-burn\/\"><span style=\"font-weight: 400\">SHIB burn rate saw<\/span><\/a><span style=\"font-weight: 400\"> a spike of 233% since the beginning of the new week as community members remain committed to reducing its available supply.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">At the time of writing, Shiba Inu is trading at $0.000007059. Yesterday, the value of the cryptocurrency skyrocketed to 0.000072 as a <\/span><a href=\"https:\/\/uniquehot.com\/bitcoin-news\/bitcoin-bloodbath-fake-spot-etf-approval-sparks-btc-surge-obliterates-78m-shorts-at-30000\/\"><span style=\"font-weight: 400\">direct reaction to Bitcoin<\/span><\/a><span style=\"font-weight: 400\"> crossing the $29,000 threshold. However, the meme coin has retraced most of its gains from Monday. It is down 0.61% in the last 24 hours, but seeing 1.97% gains on the weekly chart.<\/span><\/p>\n<div class=\"disclaimer-shortcode\">Featured image from iStock, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Shiba Inu&#8217;s ecosystem hasn&#8217;t been spared from the crypto market volatility in recent weeks, as the price has been caught in a whirlwind of uncertainty in recent times. While investors are still wondering about the short-term outlook of the crypto, a Shiba Inu whale has gone ahead to move $32.4 million in SHIB tokens into an unknown wallet.\u00a0 Whale Moves $32.4 Million Shiba Inu This whale transfer appears to have generated interest from SHIB investors, considering the relatively quiet environment within the Shiba Inu ecosystem. The sheer size of this transaction is notable and worth monitoring, as a selloff could introduce selling pressure and negatively impact SHIB&#8217;s price, even if temporary.\u00a0 Related Reading: Shiba Inu Starts Off Strong With An Explosive 233% In SHIB Burn Rate However, sometimes whales will move their funds around between wallets for various reasons other than buying and selling. It would seem like this is the case, as an in-depth look into the transactions shows the transfer could&#8217;ve been between wallets controlled by the same entity.\u00a0\u00a0 \ud83d\udea8 \ud83d\udea8 4,587,030,677,374 #SHIB (32,409,665 USD) transferred from unknown wallet to unknown wallethttps:\/\/t.co\/Mbf5ejiaYb \u2014 Whale Alert (@whale_alert) October 16, 2023 According to on-chain data, the transaction was made from the address &#8220;0xe9bb&#8221; into a new private address &#8220;0x44a8&#8221;. The recipient wallet &#8220;0x44a8&#8221; now holds a total of over 4.58 trillion SHIB, worth more than $33 million at the time of writing. Address &#8220;0xe9bb&#8221; had initially received the tokens from &#8220;0xA863&#8221; before transferring it out to &#8220;0x44a8&#8221; in less than 10 minutes.\u00a0 SHIB price trending at $0.000007 | Source: SHIBUSDT on Tradingview.com \u00a0Large Sell Incoming? This whale transfer is one of the largest SHIB transactions this month. But while whale movements tend to reveal the current market sentiment, a single transfer cannot necessarily move the entire market, even if there&#8217;s a selloff.\u00a0 As a result, Shiba Inu\u2019s price hasn\u2019t reacted much to the transfer but has lost 0.29% of its market cap in the past 24 hours. Although there&#8217;s always a possibility of the whale dumping their entire bag, this trading behavior suggests they intend to keep holding the tokens. Related Reading: On-Chain Tracker Notices Major Difference Between Bitcoin And Ethereum Whales SHIB is currently the second-largest meme cryptocurrency, although the majority of investors are losing money at this point. As reported from data provided by IntoTheBlock, only 9% of holders are making money at the current price.\u00a0 Nevertheless, the SHIB burn rate saw a spike of 233% since the beginning of the new week as community members remain committed to reducing its available supply.\u00a0 At the time of writing, Shiba Inu is trading at $0.000007059. Yesterday, the value of the cryptocurrency skyrocketed to 0.000072 as a direct reaction to Bitcoin crossing the $29,000 threshold. However, the meme coin has retraced most of its gains from Monday. It is down 0.61% in the last 24 hours, but seeing 1.97% gains on the weekly chart. Featured image from iStock, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":555743,"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":[83668,84473,83667,86437,87762,84562,84558],"class_list":["post-555734","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-shiba-inu-coin","tag-shib","tag-shib-price","tag-shiba-inu","tag-shiba-inu-price","tag-shiba-inu-whale","tag-shibusd","tag-shibusdt"],"acf":[],"yoast_head":"\n<title>Shiba Inu Whale Moves $32.4 Million In SHIB, Large Sell Incoming?<\/title>\n<meta name=\"description\" content=\"The Shiba Inu ecosystem hasn&#039;t been spared from the crypto market volatility in recent weeks, as the price has been caught in uncertainty.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, 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During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others. Scott\u2019s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott\u2019s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry. Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors. In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else. Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies. 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