Half a Trillion Shiba Inu (SHIB) Moved by Anonymous Whales: Are They Connected?

Anonymous whales have moved a staggering half a trillion Shiba Inu tokens in the last 24 hours. What is the plan and are these whales somehow connected to each other? We hope transaction data will help us here.

Looking at the details, it appears that some

major players are moving SHIB between

wallets and exchanges. For example, 77.18

billions of SHIB were transferred to a Coinbase

portfolio, while another 205 billion made their

path to and from different wallets, including a large 53.06 billion SHIB for Robinhood

portfolio. Are these transactions connected?

It's hard to say, but they sure seem

coordinated.

Now, turning to SHIB’s price performance, we see that it has been on a rollercoaster ride. Currently, SHIB is hovering around the US$ 0.000027 mark. After a huge rise, SHIB is experiencing what appears to be a slight pullback. The main support level at the moment is near US$ 0.000019, a floor that it has managed to stay above recently. If it manages to maintain this level, there is room for cautious optimism.

As for resistance, SHIB faces a hurdle around the US$ 0.000030 level. If it manages to surpass this upper limit, we could witness another phase of growth, possibly targeting levels not seen since the last peak.

Looking ahead, if SHIB manages to leverage its recent moves and the market regains its bullish stance, we could see these anonymous whale activities as the prelude to a price rally. With the market appearing to be on the verge of recovery after having fallen for a few weeks, SHIB could benefit and possibly see an uptrend.