This Shiba Inu 'Super Big Winner' Whale Is Already Up $120M But Still 'Buying Crazily:' 715B SHIB In 6 Hours
Portfolio Pulse from Khyathi Dalal
Significant whale movements in Shiba Inu (SHIB) have led to an upbeat momentum in Shibarium statistics. A major investor spent $18.44 million to acquire 715.9 billion SHIB, indicating continued confidence in the meme cryptocurrency. Another whale swapped $3.8 million worth of WETH for 149.3 billion SHIB. These large transactions have influenced market sentiment, leading to increased trading activity and a rise in SHIB's price by 8% in the past 24 hours.
June 05, 2024 | 12:22 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Significant whale movements in Shiba Inu (SHIB) have led to an 8% increase in its price. A major investor's purchase of 715.9 billion SHIB for $18.44 million indicates strong confidence in the cryptocurrency.
The large purchase by a major investor has boosted market sentiment and trading activity, leading to an 8% increase in SHIB's price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
NEGATIVE IMPACT
A major Shiba Inu investor spent 4,849 Ethereum (ETH), equivalent to $18.44 million, to acquire 715.9 billion SHIB. This indicates a significant movement of ETH into SHIB, which could impact ETH's liquidity and price.
The large transaction of ETH into SHIB could reduce ETH's liquidity and potentially put downward pressure on its price in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80