Massive 2.6 Trillion SHIB Tokens Minted within 24 Hours - Are Shiba Inu Whale Investors Returning?
Listen up, everybody! The Shiba Inu meme coin is riding a wave of whale activity and a dazzling golden cross on its price chart, leaving many crypto enthusiasts hinting at a possible 33% surge. Let's dive into the details, shall we? 🏊♂️
Whale Watchin' 🐳
According to the data gurus at IntoTheBlock, large Shiba Inu transactions have skyrocketed by an astounding 28.7% over the past day. That's a whopping 2.6 trillion SHIB tokens, worth a cool $48.8 million, shifted around by big-time investors. So what does this mean? Well, either the whales are preparing for a beach party, or they're convinced that the ShibArmy is onto something 🐶🎉
Golden Cross 🔺🔻
On Monday, the ever-so-popular ShibArmy witnessed a bullish setup when the Shiba Inu price chart formed the long-awaited golden cross. This memorable formation signals a break from the previous selling pressure, hinting at a possible change in direction for the meme coin. At press time, the SHIB price is sitting at $0.00001369, up a dashing 0.9% from yesterday. The coin has also experienced a 5.2% and 8.9% boost in the past week and month, respectively.
Shib Is on a Roll
- large-scale investors, commonly known as whales, have significantly increased their transactions of Shiba Inu tokens by 28.7% in a day, amounting to 2.6 trillion SHIB tokens worth $48.8 million.
- The sudden surge in transactions by whales raises questions about their intentions - perhaps preparing for a grand event or showing faith in the growing ShibArmy.
- Simultaneously, the Shiba Inu price chart has formed a highly coveted golden cross, a bullish setup indicating a possible shift from selling pressure and a potential change in the meme coin's direction.
- The SHIB price currently stands at $0.00001369, boasting a 0.9% increase from the previous day.
- In the past week, SHIB has witnessed a rise of 5.2%, while the monthly growth stands impressively at 8.9%.
- As crypto enthusiasts closely monitor the activities of whales and the development in the Shiba Inu finance sector, they are witnessing an intriguing turn of events that might lead to a 33% surge in the meme coin's price.
- The combined effect of whale activity, the golden cross formation, and an overall positive trend in cryptocurrencies has the potential to make Shiba Inu a lucrative choice for investors seeking opportunities in the competitive crypto exchange market.
