Shiba Inu News: Three New Whales Scoop 184 Billion SHIB, Big Rally Ahead

Shiba Inu News: Three new whales purchased 184 billion SHIB meme coins during the buy the dip, price jumps 2% over the past 24 hours.
By Varinder Singh
Updated April 4, 2024
SHIB Price: Whale Bags 600B Coins From Robinhood Hinting Price Rally Ahead

Highlights

  • Three new whales grabbed over 184 billion Shiba Inu (SHIB) tokens amid the dip.
  • Whale accumulation signals a recovery in Shiba Inu meme coin.
  • SHIB price jumps 4% in the last 24 hours.

Shiba Inu News: The recent crypto market selloff offered whales a perfect opportunity to buy the dip in their preferred crypto including meme coins and AI coins. Three new wallets that have acquired almost 184 billion Shiba Inu (SHIB) tokens in the previous day were discovered by on-chain analysts, indicating a potential buying opportunity for investors.

Advertisement
Advertisement

Three Whales Buy 184 Billion Shiba Inu (SHIB)

A bullish development despite the low crypto market trading sessions may bring back recovery in Shiba Inu prices as whales were caught buying SHIB meme coins from the recent dip to $0.000026.

Three wallet addresses withdrew 184 billion Shib Inu (SHIB) tokens worth $5 million from crypto exchanges Binance and Coinbase in the last 24 hours, reported The Data Nerd.

Arkham Intelligence platform data, 0x5913 wallet address purchased 75.018 billion SHIB valued at $2 million from crypto exchange Coinbase in the last 24 hours. The whale made six transactions to grab SHIB from low prices.

Moreover, 0xf770 wallet address scooped 37.139 billion SHIB worth over $0.99 million from crypto exchange Binance in a single transaction. The whale has made significant gains in the last 24 hours on the purchased tokens.

Also, 0x6dFE purchased 71.832 billion SHIB worth $1.91 million from crypto exchange Coinbase. The whale made four transactions to grab SHIB tokens during the dip.

Image

Also Read: Shiba Inu Emerges As Top Traded Crypto On WazirX In India

Advertisement
Advertisement

SHIB Price Performance

Shiba Inu price has rallied 350% year to date, still 200% upon despite recent correction. The rally most started with a crypto market recovery in January and picked pace during the meme coins frenzy.

SHIB price jumped 2% in the past 24 hours, with the price currently trading at $0.00002668. The 24-hour low and high are $0.00002560 and $0.00002748, respectively. However, the trading volume has decreased by 20% in the last 24 hours, indicating a slight decline in interest among traders.

SHIB burn rate also rose 4000% in the last 24 hours, signaling a recovery in prices in sight. Also, 1000SHIB futures open interest on Binance is rising in the last few hours.

Also Read:

Advertisement
Varinder Singh
Varinder has over 10 years of experience and is known as a seasoned leader for his involvement in the fintech sector. With over 5 years dedicated to blockchain, crypto, and Web3 developments, he has experienced two Bitcoin halving events making him key opinion leader in the space. At CoinGape Media, Varinder leads the editorial decisions, spearheading the news team to cover latest updates, markets trends and developments within the crypto industry. The company was recognized as Best Crypto Media Company 2024 for high impact and quality reporting. Being a Master of Technology degree holder, analytics thinker, technology enthusiast, Varinder has shared his knowledge of disruptive technologies in over 5000+ news, articles, and papers.
Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.