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Shiba Inu Surges as Whales Drive Transaction Volume Holders of Shiba Inu (SHIB), also known as the "Dogecoin Killer," have reason to cheer. The meme coin has experienced a significant price rebound, fueled by a surge in activity from large investors, often referred to as "whales." Whales Dive In Data shows a massive 268% increase in large SHIB transactions, exceeding $100,000 each, within a 24-hour period. This significant spike in whale activity follows a recent dip in SHIB's price. Savvy investors appear to be capitalizing on this price drop by accumulating SHIB at a discount. Shiba Eternity Update Adds Fuel to the Fire The news coincides with the latest update to Shiba Eternity, the franchise's popular mobile game. This update boasts improvements to player interaction and strategic depth, potentially attracting new users to the SHIB ecosystem. What's Next for SHIB? While the recent surge is positive news for SHIB holders, it's important to remember the cryptocurrency market's inherent volatility. Whether whales can propel SHIB to new heights remains to be seen. However, this renewed interest from major investors is a welcome sign for the future of Shiba Inu. #fomc #BullorBear #SHİB #HKETF #Megadrop

Shiba Inu Surges as Whales Drive Transaction Volume

Holders of Shiba Inu (SHIB), also known as the "Dogecoin Killer," have reason to cheer. The meme coin has experienced a significant price rebound, fueled by a surge in activity from large investors, often referred to as "whales."

Whales Dive In

Data shows a massive 268% increase in large SHIB transactions, exceeding $100,000 each, within a 24-hour period. This significant spike in whale activity follows a recent dip in SHIB's price. Savvy investors appear to be capitalizing on this price drop by accumulating SHIB at a discount.

Shiba Eternity Update Adds Fuel to the Fire

The news coincides with the latest update to Shiba Eternity, the franchise's popular mobile game. This update boasts improvements to player interaction and strategic depth, potentially attracting new users to the SHIB ecosystem.

What's Next for SHIB?

While the recent surge is positive news for SHIB holders, it's important to remember the cryptocurrency market's inherent volatility. Whether whales can propel SHIB to new heights remains to be seen. However, this renewed interest from major investors is a welcome sign for the future of Shiba Inu.

#fomc

#BullorBear

#SHİB

#HKETF

#Megadrop

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Defi Trading BD Job offering For those in Taiwan, Honk Kong check out this blockchain job offering. Not Sponsored. If you're qualified for the role comment below with your full name as it appears on your documents.
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North Korea's Crypto Laundering Ring Busted: US Seizes Hundreds of Accounts In a major blow to North Korea's cybercrime efforts, a US court has ordered the forfeiture of a whopping 279 cryptocurrency accounts. These accounts are believed to be linked to a laundering scheme that funneled stolen digital assets for the rogue regime. Following the Money Trail North Korea has become notorious for its state-sponsored hacking activities, targeting everything from banks to cryptocurrency exchanges. In 2018-2019, North Korean hackers allegedly stole a staggering $329 million in digital assets. This recent case focuses on a laundering operation believed to have processed at least $100 million of those stolen funds. How Did They Do It? The details of the laundering scheme haven't been fully revealed, but cryptocurrency's decentralized nature can make it attractive to criminals. Cryptocurrencies can be traded across borders without going through traditional financial institutions, potentially allowing criminals to obscure the origin of the funds. Examples of Laundering Techniques While the specifics of this case remain under wraps, here are some common methods cybercriminals use to launder cryptocurrency: Mixing Services: These services attempt to anonymize transactions by mixing together funds from various sources before sending them to their destinations. Peer-to-Peer Trading: Criminals can use peer-to-peer platforms to trade stolen crypto for cash or other assets directly with individuals, bypassing regulated exchanges. Shell Companies: Cryptocurrency can be funneled through shell companies, creating a facade of legitimate business activity. What Happens Next? The US government will likely take control of the seized accounts. The exact value of the forfeited cryptocurrency remains unclear, as cryptocurrency prices can fluctuate significantly. This case serves as a stark reminder of the ongoing battle against cybercrime and the efforts by nations like the US to disrupt North Korea's illicit activities. #ScamReport #MoneyLaunderingBust #write2earn🌐💹
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Short sellers are betting Ether's price will go down (they borrow Ether, sell it, then aim to buy it back later at a lower price to pocket the difference). Grayscale withdrawing its Ether futures ETF application might be seen as bullish for Ether by some investors, potentially causing the price to rise. If the price goes up significantly, short sellers will be forced to buy Ether back to avoid further losses, which can actually drive the price up even more in a domino effect called a short squeeze. A 3% rise in price could wipe out $345 million in short positions, indicating a significant amount of short selling activity. This makes a short squeeze more likely if the price starts to rise. Here are some things to consider: This is a short-term situation and the cryptocurrency market is volatile. Even a small price increase might not trigger a full-blown squeeze. Other factors can still influence Ether's price. It's important to do your own research before making any investment decisions. #eth‬ #ai #altcoins #buythedip
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SHIB's Climb Faces Hurdles While the recent gains are positive, SHIB's price recovery faces significant obstacles. The coin needs to decisively break above $0.0000270 to flip the market structure to bullish on higher timeframes. Currently, a double roadblock at the 50% Fibonacci retracement level is proving difficult to overcome. Bitcoin's Influence Remains Key SHIB's trajectory is heavily intertwined with Bitcoin's (BTC) performance. If Bitcoin can sustain its own recovery, it could create a tailwind that propels SHIB further upwards. However, a reversal in Bitcoin's fortunes could drag SHIB back down. The Road Ahead for SHIB If the bulls can overpower the resistance at the current price point, the next target for SHIB would be $0.000031. Conversely, a strong rejection at the double roadblock could trigger a sell-off, sending SHIB back to the $0.0000225 support level. Looking Beyond the Price Chart The article by AMBCrypto suggests that SHIB's future goes beyond just price movements. Developments within the Shiba Inu ecosystem, such as the success of their Shibarium protocol or continued burns of SHIB tokens, could also play a role in determining the coin's long-term value. A Word of Caution While the recent price increase might be tempting for some investors, analysts advise caution. The cryptocurrency market remains volatile, and SHIB's future is uncertain. Investors should conduct thorough research and understand the risks involved before making any investment decisions. #SHİB #Shibalnu #RNDR #altcoins #buythedip
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