{"id":604452,"date":"2024-04-22T19:00:38","date_gmt":"2024-04-22T19:00:38","guid":{"rendered":"https:\/\/uniquehot.com\/?p=604452"},"modified":"2024-06-11T07:00:07","modified_gmt":"2024-06-11T07:00:07","slug":"shiba-inu-whales-3-19-trillion-shib","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/shiba-inu-coin\/shiba-inu-whales-3-19-trillion-shib\/","title":{"rendered":"Shiba Inu Whales Move Over 3.19 Trillion SHIB, Where Are They Headed?"},"content":{"rendered":"<p><span style=\"font-weight: 400\">Shiba Inu<\/span><span style=\"font-weight: 400\"> has constantly managed to trade above $0.000021 last week amidst an ongoing tussle between the bulls and bears. On-chain data has indicated some serious whale movements during this period, with trillions of SHIB <\/span><a href=\"https:\/\/bitcoinist.com\/shiba-inu-2-trillion-shib-buys\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">shuffled in and out of exchanges<\/span><\/a><span style=\"font-weight: 400\">.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">The price of SHIB went through a decline earlier in the week from an extended selloff in the previous week. As the week progressed, things started to <\/span><a href=\"https:\/\/uniquehot.com\/news\/shiba-inu-surges-10-open-interest-explodes-on-top-exchanges-is-this-the-comeback\/\"><span style=\"font-weight: 400\">change into bullish action<\/span><\/a><span style=\"font-weight: 400\"> during the weekend up until a resistance just below $0.000028. Interestingly, on-chain transaction data from whales shows the major holders moved trillions of SHIB over the weekend, with 3.19 trillion SHIB movement in the past 24 hours.\u00a0<\/span><\/p>\n<h2>Recent on-Chain Data Shows Large SHIB Whale Activity<\/h2>\n<p><span style=\"font-weight: 400\">According to <\/span><a href=\"https:\/\/app.intotheblock.com\/coin\/SHIB\/deep-dive?group=all&amp;chart=all\" rel=\"nofollow\"><span style=\"font-weight: 400\">IntoTheBlock&#8217;s <\/span><\/a><span style=\"font-weight: 400\">large transaction volume data, the number of Shiba Inu transactions over $100,000 went through a major uptick last week, with the value of transactions greater than $100,000 reaching $661.5 million. On April 19th alone, SHIB transactions in this cohort reached 6.36 trillion SHIB worth $144.76 million. Large transactions in the last 24 hours particularly reached 3.19 trillion SHIB worth $82.49 million.\u00a0<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/uniquehot.com\/news\/bitcoin\/were-bitcoin-miners-behind-the-btc-price-crash-below-60000\/\">Were Bitcoin Miners Behind The BTC Price Crash Below $60,000?<\/a><\/div>\n<p><span style=\"font-weight: 400\">With so much <\/span><a href=\"https:\/\/bitcoinist.com\/shiba-inu-major-shibarium-update-details\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">SHIB on the move<\/span><\/a><span style=\"font-weight: 400\">, the big question is where are these whales sending their tokens. Interestingly, on-chain data showed large transactions consisting of a to and fro movement into and outside exchanges, indicating mixed feelings from large holders. A <\/span><a href=\"https:\/\/u.today\/100-billion-shiba-inu-shib-sent-for-sale-why-are-whales-selling\" rel=\"nofollow\"><span style=\"font-weight: 400\">notable transaction<\/span><\/a><span style=\"font-weight: 400\"> involved the movement of 100 billion SHIB tokens into a crypto exchange on Sunday. Speculations from investors are that this could be a potential selloff from the whale, suggesting that there is a possibility of a price decline in the short term.<\/span><\/p>\n<h2>What Does This Mean For Shiba Inu Holders?<\/h2>\n<p><span style=\"font-weight: 400\">For average SHIB investors, whale activity can be both promising and worrying. While more large holders and transactions may indicate growing mainstream interest and adoption of the token, their moves can also <\/span><a href=\"https:\/\/uniquehot.com\/shiba-inu\/shiba-inu-whale-32-4-million-shib\/\"><span style=\"font-weight: 400\">significantly impact price<\/span><\/a><span style=\"font-weight: 400\">. A positive price movement is enjoyed by Shiba Inu when whales are accumulating from exchanges. However, movement into exchanges suggests a selloff, as in the case of the 100 billion SHIB transaction on Sunday.<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/uniquehot.com\/news\/ethereum\/ethereum-enters-accumulation-phase-as-500-million-eth-leaves-exchanges\/\">Ethereum Enters Accumulation Phase As $500 Million ETH Leave Exchanges<\/a><\/div>\n<p><span style=\"font-weight: 400\">At the time of writing, SHIB is trading at $0.00002726, a 6.65% increase from 0.00002556 in the past 12 hours. Shiba Inu is also up by 16% on a larger seven-day timeframe and is on the way to <\/span><a href=\"https:\/\/bitcoinist.com\/cardano-dogecoin-shiba-inu\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">displacing Cardano<\/span><\/a><span style=\"font-weight: 400\"> in the market cap rankings.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">SHIB&#8217;s price action this week <\/span><a href=\"https:\/\/bitcoinist.com\/crypto-analyst-upside-shiba-inu\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">should be full of action<\/span><\/a><span style=\"font-weight: 400\"> as the week unfolds, with the bulls now retesting a resistance at $0.000028. According to IntoTheBlock&#8217;s &#8220;In\/Out Of The Money&#8221; <\/span><a href=\"https:\/\/app.intotheblock.com\/coin\/SHIB\/deep-dive?group=financials&amp;chart=inAndOut\" rel=\"nofollow\"><span style=\"font-weight: 400\">metric<\/span><\/a><span style=\"font-weight: 400\">, 6.62 trillion SHIB tokens were bought at this price level, with 28,760 addresses waiting to make a profit. A break over this price level indicates further resistance levels at $0.000029 and $0.000030.<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-medium\" src=\"https:\/\/www.tradingview.com\/x\/nGBqOEc6\/\" alt=\"Shiba Inu price chart from Tradingview.com\" width=\"3286\" height=\"1530\"><\/p>\n<pre style=\"text-align: center\">SHIB price at $0.000026 | Source: <a href=\"http:\/\/Tradingview.com\" rel=\"nofollow\">SHIBUSDT on Tradingview.com<\/a><\/pre>\n<div class=\"disclaimer-shortcode\">Featured image from The News Crypto, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Shiba Inu has constantly managed to trade above $0.000021 last week amidst an ongoing tussle between the bulls and bears. On-chain data has indicated some serious whale movements during this period, with trillions of SHIB shuffled in and out of exchanges.\u00a0 The price of SHIB went through a decline earlier in the week from an extended selloff in the previous week. As the week progressed, things started to change into bullish action during the weekend up until a resistance just below $0.000028. Interestingly, on-chain transaction data from whales shows the major holders moved trillions of SHIB over the weekend, with 3.19 trillion SHIB movement in the past 24 hours.\u00a0 Recent on-Chain Data Shows Large SHIB Whale Activity According to IntoTheBlock&#8217;s large transaction volume data, the number of Shiba Inu transactions over $100,000 went through a major uptick last week, with the value of transactions greater than $100,000 reaching $661.5 million. On April 19th alone, SHIB transactions in this cohort reached 6.36 trillion SHIB worth $144.76 million. Large transactions in the last 24 hours particularly reached 3.19 trillion SHIB worth $82.49 million.\u00a0 Related Reading: Were Bitcoin Miners Behind The BTC Price Crash Below $60,000? With so much SHIB on the move, the big question is where are these whales sending their tokens. Interestingly, on-chain data showed large transactions consisting of a to and fro movement into and outside exchanges, indicating mixed feelings from large holders. A notable transaction involved the movement of 100 billion SHIB tokens into a crypto exchange on Sunday. Speculations from investors are that this could be a potential selloff from the whale, suggesting that there is a possibility of a price decline in the short term. What Does This Mean For Shiba Inu Holders? For average SHIB investors, whale activity can be both promising and worrying. While more large holders and transactions may indicate growing mainstream interest and adoption of the token, their moves can also significantly impact price. A positive price movement is enjoyed by Shiba Inu when whales are accumulating from exchanges. However, movement into exchanges suggests a selloff, as in the case of the 100 billion SHIB transaction on Sunday. Related Reading: Ethereum Enters Accumulation Phase As $500 Million ETH Leave Exchanges At the time of writing, SHIB is trading at $0.00002726, a 6.65% increase from 0.00002556 in the past 12 hours. Shiba Inu is also up by 16% on a larger seven-day timeframe and is on the way to displacing Cardano in the market cap rankings.\u00a0 SHIB&#8217;s price action this week should be full of action as the week unfolds, with the bulls now retesting a resistance at $0.000028. According to IntoTheBlock&#8217;s &#8220;In\/Out Of The Money&#8221; metric, 6.62 trillion SHIB tokens were bought at this price level, with 28,760 addresses waiting to make a profit. A break over this price level indicates further resistance levels at $0.000029 and $0.000030. SHIB price at $0.000026 | Source: SHIBUSDT on Tradingview.com Featured image from The News Crypto, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":604493,"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":[83668,89178,84473,83667,89157,86437,86781,84562,84558,14781],"class_list":["post-604452","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-shiba-inu-coin","tag-shib","tag-shib-news","tag-shib-price","tag-shiba-inu","tag-shiba-inu-news","tag-shiba-inu-price","tag-shiba-inu-whales","tag-shibusd","tag-shibusdt","tag-whales"],"acf":[],"yoast_head":"\n<title>Shiba Inu Whales Move Over 3.19 Trillion SHIB, Where Are They Headed?<\/title>\n<meta name=\"description\" content=\"Shiba Inu has constantly managed to trade above $0.000021 last week 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