Shiba Inu Whales Back In Action With Over 1.3 Trillion SHIB, Is This Bullish Or Bearish?

Quick Summary:

Shiba Inu (SHIB) whales are again in the spotlight with a surprising surge in market activity.

Recently, these large holders executed a staggering transaction of over 1.3 trillion SHIB, sparking debates about whether this move could be a bullish or bearish signal for the market.

By purchasing a significant amount of tokens at a low price, these large token holders could potentially profit once the value of the cryptocurrency increases.

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Article Details

Author / Journalist: Scott Matherson

Category: Crypto

Markets: Hungary

Topics: SHIB price Shib Shiba Inu SHIB Price analysis SHIBUSDT

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-27 @ 16:30:03 (6 days ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 460 words

Reading Time: 3 minutes read

Sentences: 33 lines

Sentence Length: 14 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bitcoinist

News ID: 22284189

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About Bitcoinist

Main Topics: Crypto

Official Website: bitcoinist.com

Update Frequency: 31 posts per day

Year Established: 2014

Headquarters: Hungary

News Last Updated: 10 hours ago

Coverage Areas: Hungary

Ownership: Independent Company

Publication Timezone: GMT +8:00

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News Language: English

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Publisher ID: #105

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