Trillions In Shiba Inu On The Move: What Lies Ahead For The Meme Coin?
Large-scale transactions of Shiba Inu tokens have once again captured the attention of the cryptocurrency community. In a recent announcement by the crypto tracker Whale Alert, a substantial amount of SHIB was observed being transferred from the Amsterdam-based cryptocurrency exchange Bitvavo to an undisclosed blockchain address. The staggering figure of 4,584,530,677,374 SHIB raises intriguing questions about the continued interest of prominent investors in this meme-based cryptocurrency. The transfer, which took place in the early hours of Oct. 5, was meticulously recorded by the....
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Popular meme coin Shiba Inu has marked yet another milestone following its immense success this year. The meme coin which was created as a rival for top meme coin Dogecoin has found its way out of the shadow to its greatest rival. Now, Shiba Inu is standing on its own feet while making strides in […]
Shiba Inu (SHIB) holders are not exempt from the turbulence of the market in recent weeks. Analyzing the current state of affairs for holders of the meme coin, it becomes apparent that the profitability of investing in this particular asset type has been a rollercoaster journey. Data derived from IntoTheBlock, an analytics firm, reveals a striking fact: a mere 9% of the current SHIB holders find themselves in a profitable position at the current value of roughly $0.0000069 per coin. This figure is indicative of the challenges that many SHIB investors are currently grappling with.....
Back in May, Ethereum founder Vitalik Buterin donated over $1 billion in ETH and meme coin Shiba Inu (SHIB) to an Indian COVID relief fund. The meme coins had been sent to Buterin by the creator of the meme coin Shiba Inu. This had been done as a marketing stunt to increase the value of […]
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The buying rampage of Shiba Inu tokens by Ethereum whales does not seem to be ceasing anytime soon. Over the past week, these whales seem to have made it their mission to accumulate as much of the meme coin as possible, adding trillions of tokens to their balances collectively in the same time period. Recently, […]