Shiba

bullish

Arkham

Million

Shiba Inu

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There has not been much significant activity with the&nbsp;<a href="https://u.today/shiba-inu-shib-to-face-500-trillion-battle-details">Shiba Inu token (SHIB)</a> in the last 24 hours, despite a sharp shift in price to the positive side. Perhaps the only transfer worth noting is the withdrawal of 74.156 billion SHIB by Wintermute, a leading market maker with nearly $200 million in capital, from the platform of Robinhood, a leading broker in the United States.
A withdrawal equal in current prices to more than a million dollars was further moved between different market maker addresses.&nbsp;
Further, however, the transaction history implies a large-scale shuffling of these tokens between different exchanges like&nbsp;<a href="https://u.today/binance-boosts-workforce-by-1000-bull-run-confirmed">Binance</a> and OKX. As a result, Wintermute addresses known to Arkham currently hold 25.125 billion&nbsp;<a href="https://u.today/620-billion-shiba-inu-mystery-stuns-shib-community">SHIB</a>, which is equivalent to $360,800.
<img alt="&quot;&quot;" data-entity-type="file" data-entity-uuid="6f36d36c-5380-4cee-829c-e884f3fc9297" src="https://u.today/sites/default/files/inline-images/arkhamshib_2.png">Source: <a href="https://platform.arkhamintelligence.com/explorer/tx/0xdbd545138211868cb937ecae1b8867547d3dcf0431539b4949a5b71c63b2643c">Arkham Intelligence</a>
Thus, what at first may have seemed like a colossal withdrawal, which are traditionally considered bullish signals, in fact turned out to be the usual work of a market maker.
<h2 dir="ltr" id="shiba-inu-shib-price-outlook">Shiba Inu (SHIB) price outlook</h2>
While Wintermute shuffled billions of Shiba Inu tokens between centralized marketplaces, the price of SHIB, as mentioned, shows highly volatile behavior. It is ultra bullish, to be precise.&nbsp;
Thus, since the beginning of the week, the price of&nbsp;<a href="https://u.today/shiba-inu-executive-makes-stunning-bitcoin-market-prediction">Shiba Inu</a> token has increased by more than 10.5%. As a result, SHIB quotes reached $0.0000146 - the maximum since the end of July.&nbsp;
<img alt="&quot;&quot;" data-entity-type="file" data-entity-uuid="7f1f10e7-f0a4-4d65-bf39-7bcbedbf8bad" src="https://u.today/sites/default/files/inline-images/shibusdtt.png">SHIB to USD by <a href="https://coinmarketcap.com/currencies/shiba-inu/">CoinMarketCap</a>
How Wintermute's current actions will affect the quotes of the popular meme-inspired cryptocurrency is an open question. However, such activity is hardly without consequences on the SHIB price chart.

Stunning $1 Million Shiba Inu (SHIB) Pullout Shakes Robinhood

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