Shiba

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Shiba Inu

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An unknown major investor recently withdrew over 80 billion<a href="https://u.today/shiba-inu-shib-begins-second-phase-of-its-bull-cycle">Shiba Inu (SHIB)</a> tokens from leading U.S. crypto exchange Coinbase. According to on-chain data from<a href="https://intel.arkm.com/explorer/address/0xE062487Dc557cf83119c1d588eA07729a40356D2">Arkham Intelligence</a>, the previously empty wallet under the code "0xE0624" began actively transferring SHIB tokens from Coinbase today and managed to add $2.39 million worth of Shiba Inu to its holdings in 13 hours. In total, it four transfers to accumulate a staggering 80.547 billion SHIB.
Such withdrawals are seen as a bullish sign by crypto market participants, as it is believed that large investors bought a huge amount of cryptocurrency and then withdrew it to more noncustodial and secure storage.
<img src="https://u.today/sites/default/files/inline-images/shibark_0.png" data-entity-uuid="ea47c20b-5a35-4ee1-8c91-82b87b6604c6" data-entity-type="file" alt="&quot;&quot;" data-caption="Source: <a href=&quot;https://intel.arkm.com/explorer/address/0xE062487Dc557cf83119c1d588eA07729a40356D2&quot;>Arkham Intelligence</a>">
However, this move is not common for the popular meme-inspired cryptocurrency, at least as of today. Thus, according to the on-chain exchange flow metric, there were more Shiba Inu tokens flowing into exchanges than out. The total net flow can be estimated at 1.224 trillion<a href="https://u.today/peter-brandts-new-xrp-price-prediction-suggests-unbelievable-ath-shib-loses-13-in-24-hours-rich-dad">SHIB</a> as of today.
<img src="https://u.today/sites/default/files/inline-images/shibark2.png" data-entity-uuid="57b4835f-77c7-4659-95f8-60952e24f12a" data-entity-type="file" alt="&quot;&quot;" data-caption="Source: <a href=&quot;https://intel.arkm.com/explorer/address/0xE062487Dc557cf83119c1d588eA07729a40356D2&quot;>Arkham Intelligence</a>">
<h2 dir="ltr" id="shiba-inu-shib-price-outlook">Shiba Inu (SHIB): Price outlook</h2>
Meanwhile, the price of the token itself reached a crucial support level at around $0.00003 per SHIB. The price of the<a href="https://u.today/mammoth-144045-shib-burn-jump-stuns-shiba-inu-community-details">Shiba Inu</a> token has been flirting with this important line for the past few days, testing it with breakouts that were all bought back by the more bullish investors.
<img src="https://u.today/sites/default/files/inline-images/shibainu_8.png" data-entity-uuid="f9432725-8aa4-4006-8a65-09e12f055641" data-entity-type="file" alt="&quot;&quot;" data-caption="SHIB to USD by <a href=&quot;https://coinmarketcap.com/currencies/shiba-inu/&quot;>CoinMarketCap</a>">
In the most recent episode, the price of SHIB dropped to $0.0000295 and then immediately jumped 3% in the next 18 minutes. This further confirms bulls' interest in buying the Shiba Inu token there and makes the support level stronger.
Whether the unknown new whale withdrew SHIB from<a href="https://u.today/103-million-xrp-deposit-hits-coinbase-as-xrp-gains-another-10">Coinbase</a> due to the strong price outlook remains an open question, but the fact is that right now the Shiba Inu token's performance leans more to the green than the red. <a href="https://u.today/billions-of-shiba-inu-shib-leave-coinbase-into-unknown-as-price-finds-bulls-support">Read original article on U.Today</a>

Billions of Shiba Inu (SHIB) Leave Coinbase into Unknown as Price Finds Bulls' Support

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