A massive Shiba Inu (SHIB) transfer has caught the crypto world’s attention. A whale, identified as Robinhood, has moved 1.7 trillion SHIB tokens in two separate transactions.
Robinhood’s Transactions
Robinhood, a popular crypto trading platform, is known for its large-scale SHIB movements. This recent transfer could be related to fulfilling customer buy orders after the platform listed SHIB for New York customers.
Bullish Signals
Whale transactions like Robinhood’s often indicate a positive outlook for a cryptocurrency. They can trigger price surges.
Other Bullish Indicators
- Increased bid-ask volume imbalance: Investors are actively buying SHIB.
- Increased token burns: The number of SHIB tokens being burned has increased by 30% in the past week.
Teasing a New Project
Shiba Inu’s lead developer, Shytoshi Kusama, has hinted at a new project with the cryptic word “Evita.” Another developer has also posted a similar GIF, suggesting a possible collaboration.
Current Price
At the time of writing, SHIB is trading at around $0.00002391, down over 3% in the past 24 hours.
