Also, some SHIB whale activities indicate that top investors have lost faith in the meme coin as many whales keep moving chunks of Shiba Inu positions on exchanges. 🚨 🚨 3,312,307,240,798 #SHIB (38,257,148 USD) transferred from unknown wallet to unknown wallet — Whale Alert (@whale_alert) January 26, 2023 This could mean that short-term traders don’t believe the asset couldn’t rise above the resistance level, helping them earn profit. New SHIB Whales Emerge – What’s Next?
According to the blockchain whale tracker, Whale Alert, the wallet also received 1 billion PAW tokens a few minutes after sweeping the SHIB token.
Related Reading: Crypto-Friendly Bank Silvergate Suspends Dividend Payouts The new wallet became a whale address after receiving 3.3 billion SHIB worth about $38.9 million.
BEAMSTART brings you the latest news, database, and jobs from all around the world on startups, technology, and business. Stay updated with industry news, plug-in to exciting community events, and discover incredible career opportunities with the world's most innovative companies.