Shiba Inu Whale With 16.4% Of Total Supply Breaks Multi-Year Silence
NeutralCryptocurrency
- A Shiba Inu wallet, holding 16.4% of the total supply, has reactivated after years of dormancy by transferring approximately 469 billion SHIB (around $3.64 million) to the OKX exchange, signaling a significant market movement. This action has drawn attention from on-chain analysts, indicating a potential shift in investor behavior.
- The reactivation of this substantial wallet could suggest renewed confidence among Shiba Inu investors, particularly as whale activity has surged recently. This movement may influence market dynamics and trading strategies for SHIB, as large holders often impact price trends.
- The recent increase in trading volume for Shiba Inu across major exchanges, alongside the return of whale investors, reflects a broader trend of heightened interest in meme coins. This resurgence occurs amid speculation about potential financial products like ETFs, which could further legitimize and stabilize the market for Shiba Inu and similar cryptocurrencies.
— via World Pulse Now AI Editorial System
