Shiba

Bitcoin

Arkham

Shiba Inu

Rise

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/shiba-inu-whale-boosts-market-confidence" data-wpel-link="internal" rel="noopener noreferrer nofollow">Shiba Inu Whale Boosts Market Confidence</a><br></p>
<p style="text-align: justify">A significant player in the Shiba Inu market has recently triggered interest by acquiring a large volume of meme tokens on Friday. On-chain records indicate that this trader has increased their SHIB holdings to an impressive $21.72 million after a period of inactivity, prompting market watchers to predict potential price rises as the cryptocurrency sector heads into the fourth quarter.</p>
<h2 id="what-did-the-whale-purchase">What Did the Whale Purchase?</h2>
<p style="text-align: justify">Data from Arkham Intelligence reveals that on November 29, the Shiba Inu whale purchased 98.196 billion SHIB tokens, worth around $2.54 million, from the Coinone exchange. This purchase was made from a specific wallet address, known as 0x9d9f.</p>
<h2 id="will-shib-prices-rise-soon">Will SHIB Prices Rise Soon?</h2>
<p style="text-align: justify">The recent accumulation has led to heightened market activity, with the trader holding nearly $22 million in SHIB tokens. The price of Shiba Inu has seen a slight daily increase of about 2%, currently trading at roughly $0.00002595, alongside a notable 39% rise over the past month.</p>
<p style="text-align: justify">Moreover, the SHIB <a href="https://en.bitcoinhaber.net/goat-token-surges-despite-treasury-migration-concerns" data-wpel-link="internal" rel="noopener noreferrer nofollow">token</a>‘s burn mechanism has seen a notable uptick, further encouraging positive price movements. According to CoinGape Media, should <a href="https://en.bitcoinhaber.net/microsoft-conducts-vote-on-bitcoin-investment" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin</a> reach a valuation of $100,000, Shiba Inu could potentially climb to $0.000037, fueling optimism about its future performance.</p>
<ul>
 <li>A whale’s purchase of 98.196 billion SHIB tokens could signal bullish sentiment.</li>
 <li>Current price trends show SHIB benefiting from broader market optimism.</li>
 <li>Increased token burn rates may also enhance price stability.</li>
</ul>
<p style="text-align: justify">The recent actions taken by the Shiba Inu whale, combined with the favorable market conditions, have created a strong environment for potential price appreciation. As the cryptocurrency landscape evolves, investors are advised to keep a close eye on market dynamics and whale movements to capitalize on upcoming opportunities.</p>
<h5><span style="font-weight:bold;font-size:16px">Continue Reading: </span> <a href="https://en.bitcoinhaber.net/shiba-inu-whale-boosts-market-confidence" data-wpel-link="internal" rel="noopener noreferrer nofollow">Shiba Inu Whale Boosts Market Confidence</a></h5>

Shiba Inu Whale Boosts Market Confidence

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