Shiba Inu Whale Moves $38.39 Million
– A user transferred 4.65 SHIB ($38.39 million) from a Bitvavo wallet to an unknown wallet.
– This transaction has caught the attention of the SHIB community.
– Two previous transactions are related to this transfer.
– Many are curious about the reason for this transaction.
– This event could signal a bullish sentiment for Shiba Inu after the botched Shibarium launch.
Retail Investors Taking An Interest In SHIB?
– The first high-volume transfer occurred after the launch of Shibarium.
– The wallet from which the funds emerged is believed to belong to a retail investor.
– Shibarium’s launch was expected to boost SHIB’s value as it adopted SHIB as its governance token.
– There was increased interest in SHIB before Shibarium’s launch, with whales accumulating large wallets.
– However, over $2 million in ETH got stuck in the Shibarium bridge, leading to a decline in SHIB’s price.
Hot Take
Despite the challenges faced by Shiba Inu and its community, the recent whale movements and the interest of retail investors suggest a positive outlook for the ecosystem. While the botched launch of Shibarium initially impacted SHIB’s price, the community remains optimistic about its recovery. The transfer of a significant amount of SHIB tokens and the adoption of SHIB by Shibarium indicate a bullish sentiment. However, it remains to be seen how these developments will affect SHIB’s price in the long run.
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