Shiba Inu (SHIB) has experienced a surge in market activity over the past 24 hours, characterized by significant movement among various entities, including whales and exchanges. Notable transactions include a Robinhood hot wallet transferring 45.01 billion SHIB and Symbolic Capital Partners MEV Bot executing multiple transactions involving around 50 billion SHIB each.๐๐ฉ๐ Uniswap also saw considerable volume with transactions exceeding 50 billion SHIB. This increased activity, coupled with on-chain data showing 86 large transactions totaling approximately 1.14 trillion SHIB, suggests a potential impending breakout or significant price movement.
๐๐๐ช๐ฅDespite this, SHIB's price has remained relatively stable around $0.00002450, with resistance at $0.000025 and support at $0.00002234. The heightened activity may be attributed to whales and institutional investors adjusting their portfolios or exchanges preparing for upcoming market events. #MemeWatch2024