Based on whale alert advertisement Via X, 2,542,712,471,794 Shiba Inu (SHIB) was sent from an unknown wallet to the Coinbase Foundation, at a value of about 31,651,684 USD.
The transfer of a large number of distinctive symbols of SHIB to Coinbase Foundation indicates that the largest investors and institutions are involved in the treatment. As a result, there may be an increase in demand from the large symbol holders, known as whale, and this usually plays a role in influencing prices.
If a large number of investors bought the distinctive symbol, this may lead to a high price. If other market conditions are positive, the SHIB price may also rise. Therefore, merchants should monitor the situation because it may help them profit in the short term.
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Some investors may decide to explore Shiba Inu more if they believe it could be a useful addition to their future wallet. With Coinbase’s participation in transportation, it can increase the merit of the currency with confidence.
With a mystery surrounding the wallet and its owner, there is an opportunity for a major encryption investor to sell some of his assets. Monitoring how the market responds during the next few days is possible to teach valuable lessons about supply and demand and the impact of large transactions.
While the risks remain, prices can be swing in both directions. But the possibility of achieving gains makes the trend worth seeing.
Shiba Inu shows a slight increase in value
Tradingvief’s table The time frame for 4 hours reveals that SHIB has risen slightly and is currently circulating at 0.000012482, an increase of only 0.10 % over yesterday’s price.
Traders have shown their interest even by registering 3.6 billion graying during the past 24 hours.
With the ADX index of 27.19, the direction of this distinctive symbol was a little strong. At the same time, MACD changed barely, and a graph was in a small loss near zero.
This indicates that the distinctive symbol market is not intense in favor of bulls or bears at the present time. With no significant changes in the SHIB price, it indicates that it is currently being unified.
The RSI value is 40.97, as it crosses slightly at the neutral level at 37.73. This means that Sheba Ino can still get value before being in the sale area.
Knowing the position of the relative strength indicator gives merchants the opportunity to determine whether they should stay outside the market or plan their following procedures.
