{"id":548261,"date":"2023-08-21T20:30:32","date_gmt":"2023-08-21T20:30:32","guid":{"rendered":"https:\/\/wncen.com\/?p=548261"},"modified":"2024-06-11T07:52:16","modified_gmt":"2024-06-11T07:52:16","slug":"whale-purchases-shib-rebound-on-the-horizon","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/shiba-inu-coin\/whale-purchases-shib-rebound-on-the-horizon\/","title":{"rendered":"Whale Purchases $38 Million Worth Of SHIB, A Rebound On The Horizon?"},"content":{"rendered":"

Shiba Inu (SHIB) token has witnessed high-value transactions again, leading to intrigue among its community. As significant amounts of SHIB change hands, many wonder if these moves signal a forthcoming positive shift in its market position or a rebound, as the asset is currently in a downtrend.<\/span><\/p>\n

Whale Alert, a renowned blockchain tracking platform, disclosed<\/a> that a\u00a0transaction of 4.65 trillion SHIB tokens, equating to approximately $38.39 million, moved from Bitvavo to an unidentified wallet.<\/span><\/p>\n

\n

\ud83d\udea8 \ud83d\udea8 4,653,778,173,637 #SHIB<\/a> (38,391,343 USD) transferred from #Bitvavo<\/a> to unknown wallethttps:\/\/t.co\/KFZzJIvU5q<\/a><\/p>\n

\u2014 Whale Alert (@whale_alert) August 21, 2023<\/a><\/p><\/blockquote>\n

High-Value Transactions Coincide With Shibarium\u2019s Developments<\/span><\/h2>\n

It’s worth noting that this isn\u2019t an isolated event. A similar transaction occurred<\/a> just a day prior, where an almost equivalent amount of 4.6 trillion SHIB tokens (around $38.70 million) was transferred from one undisclosed wallet to another.<\/span><\/p>\n

\n

\ud83d\udea8 \ud83d\udea8 4,669,778,173,637 #SHIB<\/a> (38,707,791 USD) transferred from unknown wallet to unknown wallethttps:\/\/t.co\/c6LPXZFq2h<\/a><\/p>\n

\u2014 Whale Alert (@whale_alert) August 20, 2023<\/a><\/p><\/blockquote>\n

These high-value transfers correlate with the start of Shibarium, the Ethereum-based layer-2 blockchain, which has been the cause of a spike in SHIB transactions. The surging activity, especially after introducing the Shibarium blockchain<\/a>, naturally raised eyebrows within the Shiba Inu community.<\/span><\/p>\n

Related Reading: Shibarium Launch Saga: Block Production Resumes Despite Stuck ETH<\/a><\/div>\n

To address rising concerns about the safety of assets, the Shiba Inu team came forward in its “All Is Well” blog post<\/a>, offering clarity on the technical issues, and emphasizing the security of the users\u2019 assets.<\/span><\/p>\n

SHIB Rebound On The Horizon?<\/h2>\n

While it’s undeniable that there may be growing attention on Shiba Inu, especially after these whale activities<\/a> and the Shibarium blockchain’s developments. It may be too soon to forecast the exact trajectory SHIB will take. <\/span><\/p>\n

However,\u00a0analyzing the Shiba Inu price chart suggests there could be a potential rebound<\/a>, though it might not be imminent. On the 4-hour chart, Shiba Inu displays a pronounced downward wick. This indicates the presence of more liquidity in this downside range, which could suggest further decline as market makers may seek to capture this liquidity.<\/span><\/p>\n

\"Shiba
Shiba Inu (SHIB)\u2019s price is moving downward to take out liquidity in the marked wick on the 4-hour chart. Source: SHIB\/USDT on TradingView.com<\/a><\/figcaption><\/figure>\n

To clarify, a wick refers to the thin line\/vertical line above or below the main body of a candlestick. The wick represents an asset’s highest and lowest prices during a specific time frame, such as the candle marked above.<\/span><\/p>\n

Related Reading: How High Can Shiba Inu (SHIB) Rise When Shibarium Restarts?<\/a><\/div>\n

Regardless of the above analysis, significant whale purchases highlight the commitment of Shiba Inu’s investors. Such activities underscore their interest in adding to their SHIB holdings. This growing attention on SHIB is especially noteworthy given its recent Shibarium project<\/a> launch.<\/span><\/p>\n

Featured image from Unsplash, Chart from TradingView<\/p>\n","protected":false},"excerpt":{"rendered":"

Shiba Inu (SHIB) token has witnessed high-value transactions again, leading to intrigue among its community. As significant amounts of SHIB change hands, many wonder if these moves signal a forthcoming positive shift in its market position or a rebound, as the asset is currently in a downtrend. Whale Alert, a renowned blockchain tracking platform, disclosed that a\u00a0transaction of 4.65 trillion SHIB tokens, equating to approximately $38.39 million, moved from Bitvavo to an unidentified wallet. \ud83d\udea8 \ud83d\udea8 4,653,778,173,637 #SHIB (38,391,343 USD) transferred from #Bitvavo to unknown wallethttps:\/\/t.co\/KFZzJIvU5q \u2014 Whale Alert (@whale_alert) August 21, 2023 High-Value Transactions Coincide With Shibarium\u2019s Developments It’s worth noting that this isn\u2019t an isolated event. A similar transaction occurred just a day prior, where an almost equivalent amount of 4.6 trillion SHIB tokens (around $38.70 million) was transferred from one undisclosed wallet to another. \ud83d\udea8 \ud83d\udea8 4,669,778,173,637 #SHIB (38,707,791 USD) transferred from unknown wallet to unknown wallethttps:\/\/t.co\/c6LPXZFq2h \u2014 Whale Alert (@whale_alert) August 20, 2023 These high-value transfers correlate with the start of Shibarium, the Ethereum-based layer-2 blockchain, which has been the cause of a spike in SHIB transactions. The surging activity, especially after introducing the Shibarium blockchain, naturally raised eyebrows within the Shiba Inu community. Related Reading: Shibarium Launch Saga: Block Production Resumes Despite Stuck ETH To address rising concerns about the safety of assets, the Shiba Inu team came forward in its “All Is Well” blog post, offering clarity on the technical issues, and emphasizing the security of the users\u2019 assets. SHIB Rebound On The Horizon? While it’s undeniable that there may be growing attention on Shiba Inu, especially after these whale activities and the Shibarium blockchain’s developments. It may be too soon to forecast the exact trajectory SHIB will take. However,\u00a0analyzing the Shiba Inu price chart suggests there could be a potential rebound, though it might not be imminent. On the 4-hour chart, Shiba Inu displays a pronounced downward wick. This indicates the presence of more liquidity in this downside range, which could suggest further decline as market makers may seek to capture this liquidity. To clarify, a wick refers to the thin line\/vertical line above or below the main body of a candlestick. The wick represents an asset’s highest and lowest prices during a specific time frame, such as the candle marked above. Related Reading: How High Can Shiba Inu (SHIB) Rise When Shibarium Restarts? Regardless of the above analysis, significant whale purchases highlight the commitment of Shiba Inu’s investors. Such activities underscore their interest in adding to their SHIB holdings. This growing attention on SHIB is especially noteworthy given its recent Shibarium project launch. Featured image from Unsplash, Chart from TradingView<\/p>\n","protected":false},"author":580,"featured_media":520342,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[92559],"tags":[134,85699,83668,83667,84558],"class_list":["post-548261","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-shiba-inu-coin","tag-altcoin","tag-memecoin","tag-shib","tag-shiba-inu","tag-shibusdt"],"acf":[],"yoast_head":"\nWhale Purchases $38 Million Worth Of SHIB, A Rebound On The Horizon?<\/title>\n<meta name=\"description\" content=\"Shiba Inu (SHIB) token has once again witnessed enormous transactions, leading to intrigue among its robust community. 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A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme\u2019s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more determined, channeling his experience into over three years of insightful market analysis. Before becoming the voice of reason in the crypto space, Edyme was the quintessential crypto degen. He aped into anything that promised a quick buck, anything ape-able, learning the ropes the hard way. These hands-on experience through major market events\u2014like the Terra Luna crash, the wave of bankruptcies in crypto firms, the notorious FTX collapse, and even CZ\u2019s arrest\u2014has honed his keen sense of market dynamics. When he isn\u2019t crafting engaging crypto content, you\u2019ll find Edyme backtesting charts, studying both forex and synthetic indices. His dedication to mastering the art of trading is as relentless as his pursuit of the next big story. Away from his screens, he can be found in the gym, airpods in, working out and listening to his favorite artist, NF. Or maybe he\u2019s catching some Z\u2019s or scrolling through Elon Musk\u2019s very own X platform\u2014(oops, another screen activity, my bad\u2026) Well, being an introvert, Edyme thrives in the digital realm, preferring online interaction over offline encounters\u2014(don\u2019t judge, that\u2019s just how he is built). His determination is quite unwavering to be honest, and he embodies the philosophy of continuous improvement, or \u201ckaizen,\u201d striving to be 1% better every day. His mantras, \u201cGod knows best\u201d and \u201cEverything is still on track,\u201d reflect his resilient outlook and how he lives his life. In a nutshell, Samuel Edyme was born efficient, driven by ambition, and perhaps a touch fierce. He\u2019s neither artistic nor unrealistic, and certainly not chauvinistic. Think of him as Bruce Willis in a train wreck\u2014unflappable. Edyme is like trading in your car for a jet\u2014bold. He\u2019s the guy who\u2019d ask his boss for a pay cut just to prove a point\u2014(uhhh\u2026). He is like watching your kid take his first steps. Imagine Bill Gates struggling with rent\u2014okay, maybe that\u2019s a stretch, but you get the idea, yeah. Unbelievable? Yes. Inconceivable? Perhaps. Edyme sees himself as a fairly reasonable guy, albeit a bit stubborn. Normal to you is not to him. He is not the one to take the easy road, and why would he? That\u2019s just not the way he roll. He has these favorite lyrics from NF\u2019s \u201cClouds\u201d that resonate deeply with him: \u201cWhat you think's probably unfeasible, I've done already a hundredfold.\u201d PS\u2014Edyme is HIM. HIM-buktu. Him-mulation. Him-Kardashian. Himon and Pumba. He even had his DNA tested, and guess what? He\u2019s 100% Him-alayan. Screw it, he ate the opp.","sameAs":["https:\/\/x.com\/0xEdyme"],"url":"https:\/\/wncen.com\/author\/samueledymeabayomi\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Whale Purchases $38 Million Worth Of SHIB, A Rebound On The Horizon?","url":"http:\/\/wncen.com\/news\/shiba-inu-coin\/whale-purchases-shib-rebound-on-the-horizon\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/shiba-inu-coin\/whale-purchases-shib-rebound-on-the-horizon\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/02\/todd-cravens-QnBrjY-nFUs-unsplash-2.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/02\/todd-cravens-QnBrjY-nFUs-unsplash-2.jpg?fit=1920%2C1275"},"articleSection":"Shiba Inu Coin","author":[{"@type":"Person","name":"Samuel Edyme"}],"creator":["Samuel Edyme"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["altcoin","memecoin","shib","shiba inu","shibusdt"],"dateCreated":"2023-08-21T20:30:32Z","datePublished":"2023-08-21T20:30:32Z","dateModified":"2024-06-11T07:52:16Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Whale Purchases $38 Million Worth Of SHIB, A Rebound On The Horizon?\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/shiba-inu-coin\\\/whale-purchases-shib-rebound-on-the-horizon\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/shiba-inu-coin\\\/whale-purchases-shib-rebound-on-the-horizon\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/02\\\/todd-cravens-QnBrjY-nFUs-unsplash-2.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/02\\\/todd-cravens-QnBrjY-nFUs-unsplash-2.jpg?fit=1920%2C1275\"},\"articleSection\":\"Shiba Inu Coin\",\"author\":[{\"@type\":\"Person\",\"name\":\"Samuel Edyme\"}],\"creator\":[\"Samuel Edyme\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"altcoin\",\"memecoin\",\"shib\",\"shiba inu\",\"shibusdt\"],\"dateCreated\":\"2023-08-21T20:30:32Z\",\"datePublished\":\"2023-08-21T20:30:32Z\",\"dateModified\":\"2024-06-11T07:52:16Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/02\/todd-cravens-QnBrjY-nFUs-unsplash-2.jpg?fit=1920%2C1275","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/548261"}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/580"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=548261"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/548261\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/520342"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=548261"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=548261"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=548261"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}