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Uncategorized

Shiba Inu Moves 1.06 Trillion To Coinbase As Price Rises 5%

October 5, 2022 - Around 2 mins mins to read

The leading meme coins by market cap, Dogecoin and Shiba Inu, have been shoveled by whales in the last 10 hours, according to the Whale Alert tracking website. Here are some reasons why these might be sales.

Shiba Inu Moves 1.06 Trillion To Coinbase As Price Rises 5%
Shiba Inu Moves 1.06 Trillion To Coinbase As Price Rises 5%

1 trillion Shiba Inu and 500 million DOGE are in motion

Shiba Inu Moves 1.06 Trillion To Coinbase As Price Rises 5%
Shiba Inu Moves 1.06 Trillion To Coinbase As Price Rises 5%

Two amazing quantities of meme cryptocurrency have been transferred over the last 10 hours, according to a prominent data platform that tracks significant crypto transactions. As a result, anonymous whales transferred 449,999,998 Dogecoin and 1,060,594,914,048 SHIB from anonymous wallets.

The whopping trillion Shib tokens were sent to the Coinbase exchange, most likely to be sold. The chunk of DOGE was moved between anonymous wallets.

Price increases for DOGE and SHIB

According to the CoinMarketCap scale, the top dog token, DOGE, has increased by more than 9% over the last 24 hours and is still among the top 10 digital assets.

Whale transactions and the sharp increase in financing rate, in the opinion of Santiment Analytics, are the two main causes of this increase. The two “excellent forecasters” of the price’s direction are these two.

A significant factor in the price increases of DOGE and SHIB (Shiba Inu increased by almost 5%) has also been Elon Musk’s decision to resume his purchase agreement with Twitter.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Website: coincu.com

Annie

CoinCu News

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Author

Annie

Championing positive change through finance, I've dedicated over eight years to sustainability and environmental journalism. My passion lies in uncovering companies that make a real difference in the world and guiding investors towards them. My expertise lies in navigating the world of sustainable investing, analyzing ESG (Environmental, Social, and Governance) criteria, and exploring the exciting field of impact investing. "Invest in a better future," I often say. That's the driving force behind my work at Coincu – to empower readers with knowledge and insights to make investment decisions that create a positive impact.
Uncategorized

Shiba Inu Moves 1.06 Trillion To Coinbase As Price Rises 5%

The leading meme coins by market cap, Dogecoin and Shiba Inu, have been shoveled by whales in the last 10 hours, according to the Whale Alert tracking website. Here are some reasons why these might be sales.

Shiba Inu Moves 1.06 Trillion To Coinbase As Price Rises 5%
Shiba Inu Moves 1.06 Trillion To Coinbase As Price Rises 5%

1 trillion Shiba Inu and 500 million DOGE are in motion

Shiba Inu Moves 1.06 Trillion To Coinbase As Price Rises 5%
Shiba Inu Moves 1.06 Trillion To Coinbase As Price Rises 5%

Two amazing quantities of meme cryptocurrency have been transferred over the last 10 hours, according to a prominent data platform that tracks significant crypto transactions. As a result, anonymous whales transferred 449,999,998 Dogecoin and 1,060,594,914,048 SHIB from anonymous wallets.

The whopping trillion Shib tokens were sent to the Coinbase exchange, most likely to be sold. The chunk of DOGE was moved between anonymous wallets.

Price increases for DOGE and SHIB

According to the CoinMarketCap scale, the top dog token, DOGE, has increased by more than 9% over the last 24 hours and is still among the top 10 digital assets.

Whale transactions and the sharp increase in financing rate, in the opinion of Santiment Analytics, are the two main causes of this increase. The two “excellent forecasters” of the price’s direction are these two.

A significant factor in the price increases of DOGE and SHIB (Shiba Inu increased by almost 5%) has also been Elon Musk’s decision to resume his purchase agreement with Twitter.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Website: coincu.com

Annie

CoinCu News

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