1.4 trillion in the last 14 hours Shiba Inu Recording token transactions attracted the attention of the community. First of all, why do whales carry such large amounts of SHIB and could this affect the market price?
A significant amount of movement is especially noticeable from the hot wallets of major exchanges such as Coinbase and Binance. These platforms are at the center of crypto trading, and hot wallets are vital for instant transactions. These transaction records show the interest of major players in the market in popular assets such as Shiba Inu, which can be considered as a potential factor that can affect the market price. The underlying reasons why whales carry such large amounts of SHIB and its effects on the market should be closely monitored.
For example, on a transaction from a Coinbase hot wallet, at that time Shiba Inu priceConsidering that $0.0000284 was approximately $0.0000284, the 36.3 billion SHIB had a value of approximately $1.03 million.
The timing of these large-scale moves occurred simultaneously with an explosive rally on the Shiba Inu chart. For now, the Shiba Inu appears to be trending in an uptrend, as suggested by the movement above the major moving averages. Considering the relationship between such large-scale transactions and overall trends in the market can be an important factor for investors.
It is not possible to fully understand the reasons behind these whale movements. Some investors may be reallocating their assets in anticipation of potential news or market events that could affect the Shiba Inu price. Others may be opting to take profits after recent price increases or may be reallocating assets for strategic diversification. Such important transfer activities can also be a preparation that lays the groundwork for a larger market game.
The impact of these whale movements can be quite noticeable and often indicates increased price volatility. Market sentiment may fluctuate and prices may respond sharply to such large-scale transfers, rising or falling. As we reported as Koinfinans.com, this type of transactions may herald a new market trend for SHIB, which is in an uptrend and peaked at $0.00003083.
