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Over the past hour, an unusual Shiba Inu (SHIB) takeover has been spotted on the chain. per Data insights from analytics platform Whale Alert At least 818,460,000,000 SHIB were transferred from Singapore's largest cryptocurrency exchange Crypto.com. One unique development in this transaction is that the funds were moved to anonymous wallets.
Buy Big Shiba Inu
The observed Shiba Inu transactions include 1,636,940,000,000 SHIB worth $39,038,563 USD and were transferred to anonymous wallets from Crypto.com. The other four transactions also show similar transaction sizes but with a gradual decrease in the amount of amount transferred.
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Ideally, when tokens are transferred from an exchange like this, this happens often It indicates accumulationThis is a trend that is a sign of a possible rise in prices in the future. Another unique development linked to SHIB's recent series of transactions emanated from CryptoCom, a trading platform unknown to most of the Shiba Inu ecosystem buzz.
Many may consider the timing of these accumulations odd, considering how the price of the Shiba Inu has skyrocketed recently. As of writing, the Shiba Inu is trading for $0.00002377, up 2.2% in 24 hours, with trading volume also showing a slight increase.
However, betting on the coin when the price is bullish demonstrates strong confidence in the token's potential.
Collective validation of SHIB whales
Aside from CryptoCom, the Shiba Inu has recorded tremendous numbers Whale activities Or trade in large amounts on other major exchanges like Binance.
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The meme coin remains in the spotlight as volatility continues to dictate the pace of growth for the top asset. Currently, the Shiba Inu maintains its ranking as the second largest company in the market, with a market capitalization of $14.16 billion.
Considering the progress of its ecosystem, analysts believe that SHIB has a bright and strong future Higher height.
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