'Dogecoin Killer' Shiba Inu Rallies 7.6%, As 1.75 Trillion SHIB Coins Moved From Robinhood Wallet
Portfolio Pulse from Khyathi Dalal
Shiba Inu (SHIB) experienced a 7.6% increase in value following significant whale transactions, including the movement of 1.75 trillion SHIB coins from a Robinhood wallet. The ecosystem is seeing upgrades with the recent Bor hard fork and the upcoming Heimdall hard fork aimed at improving transaction reliability. Tron founder Justin Sun expressed support for meme coin projects at the Token 2049 conference. Shiba Inu's trading volumes approached $1 billion with a 9.8% price surge and a 67.1% increase in large transaction volume.
May 02, 2024 | 5:38 pm
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Shiba Inu (SHIB) sees a 7.6% price increase and significant trading activity, with 1.75 trillion coins moved from Robinhood, indicating strong market interest and potential for further growth.
The price surge and increased trading volumes for Shiba Inu can be attributed to significant whale transactions and ecosystem upgrades, which typically generate positive market sentiment. The movement of a large amount of SHIB coins from a Robinhood wallet has also sparked community speculation, potentially driving further interest and investment in SHIB.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100