'Dogecoin Killer' Shiba Inu Is The 'Obvious Catch Up Play' For Those Who Missed DOGE Rally, Trader Touts
Portfolio Pulse from Khyathi Dalal
Shiba Inu (SHIB) is experiencing a price pump following Dogecoin's (DOGE) rally. An unknown whale withdrew 105.9 billion SHIB from Coinbase, indicating potential bullish momentum. Shiba Inu's DAO and foundation are set to launch in 2024/2025, signaling a transformative shift. Despite gains, large transaction volumes and daily active addresses have decreased. The meme coin rally is influenced by Dogecoin's surge, partly due to Elon Musk's comments.
October 18, 2024 | 8:29 pm
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Coinbase saw a significant withdrawal of 105.9 billion SHIB, valued at $1.99 million, by an unknown whale. This transaction could indicate increased trading activity and interest in SHIB on the platform.
The large withdrawal of SHIB from Coinbase suggests increased interest and trading activity in SHIB, which could lead to higher transaction volumes and fees for Coinbase.
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