Industry Newsshiba inuwhale activitycrypto market
Shiba Inu Whales Move $35 Million SHIB
5.0
This week on-chain data shows a transfer of 4,136,208,073,220 SHIB (about $35 million) from Coinbase to a private wallet, prompting renewed attention. Shiba Inu lead developer Shytoshi Kusama briefly resurfaced on X to acknowledge the move, while analyst 'SHIB Crack' projects a target of $0.00002 from a current price of $0.0000082. The activity has driven bullish sentiment amid price volatility.
Key Points
- 1Transfer moved 4,136,208,073,220 SHIB (≈$35 million) from Coinbase to a private wallet.
- 2Signals potential strategic accumulation by large holders, rekindling bullish sentiment during volatility.
- 3Influences market participants: Kusama's reply and analyst targets may affect trading and positioning.
Scoring Rationale
On-chain transaction and developer response lend credibility and trading relevance, but the update is token-specific with limited broader impact.
Sources
Public references used for this report.
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