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Whale moves $99M in Shiba Inu: Is a market correction imminent for the memecoin?

AMBCrypto LogoAMBCrypto12h ago

Whale moves $99M in Shiba Inu: Is a market correction imminent for the memecoin? - AMBCrypto

Quick Summary:

After a two-week uptrend, Shiba Inu has hit a roadblock, dropping 7.77% to $0.0000237 in the past 24 hours.

According to IntoTheBlock data, SHIB’s large holders have increased their outflow to hit a three-month high of 10.55 trillion tokens.

However, with the overall market still bullish, this dip was likely a mere market correction before attempting another uptrend.

More Pictures

Whale moves $99M in Shiba Inu: Is a market correction imminent for the memecoin? - AMBCrypto (Picture 1)Whale moves $99M in Shiba Inu: Is a market correction imminent for the memecoin? - AMBCrypto (Picture 2)

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Article Details

Author / Journalist: Gladys Makena

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-15 @ 14:00:12 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: ambcrypto.com

Language: English

Article Length: 577 words

Reading Time: 4 minutes read

Sentences: 34 lines

Sentence Length: 17 words per sentence (average)

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

Copyright Owner: © AMBCrypto

News ID: 23603447

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About AMBCrypto

AMBCrypto Logo

Main Topics: Crypto

Official Website: ambcrypto.com

Update Frequency: 28 posts per day

Year Established: 2018

Headquarters: United States

News Last Updated: 8 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #103

Publisher Details

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The story "Whale moves $99M in Shiba Inu: Is a market correction imminent for the memecoin?" has 577 words across 34 sentences, which will take approximately 3 - 5 minutes for the average person to read.

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The story "Whale moves $99M in Shiba Inu: Is a market correction imminent for the memecoin?" was covered 12 hours ago by AMBCrypto, a news publisher based in United States.

How trustworthy is 'AMBCrypto' news outlet?

AMBCrypto is a fully independent (privately-owned) news outlet established in 2018 that covers mostly crypto news.

The outlet is headquartered in United States and publishes an average of 28 news stories per day.

It's most recent story was published 8 hours ago.

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  • News ID: #23603447
  • URL: https://beamstart.com/news/whale-moves-99m-in-shiba-17316836813027

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