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Shiba Inu Team Teases Big Announcement, Sparking Community Speculation 💥🦊 Shytoshi Kusama, lead developer of Shiba Inu, has once again piqued the community's interest with a cryptic social media post. A gif featuring the word "Evita," meaning "life" or "living" in Spanish, has set off a flurry of speculation among followers. Fellow developer Kaal Dhairya added fuel to the fire with a similar tweet, leaving the SHIB community abuzz with theories. Ranging from potential partnerships to new token introductions, the speculation is rampant. Given Kusama's history of hinting at major announcements, it's likely that the mystery will soon be revealed. Adding to the excitement, the recent Shiba Inu network update, a layer-2 blockchain solution, promises significant improvements in transaction speeds and gas fees. The community is on high alert for any clues or announcements that might shed light on the meaning behind "Evita". Will the announcement herald a new technological feature, strategic partnership, or something entirely unexpected? Only time will tell. The tweet's timing is notable, as Shiba Inu's performance has been lackluster, currently hovering around $0.000023. #ETHETFS #altcoins #MicroStrategy

Shiba Inu Team Teases Big Announcement, Sparking Community Speculation 💥🦊

Shytoshi Kusama, lead developer of Shiba Inu, has once again piqued the community's interest with a cryptic social media post. A gif featuring the word "Evita," meaning "life" or "living" in Spanish, has set off a flurry of speculation among followers. Fellow developer Kaal Dhairya added fuel to the fire with a similar tweet, leaving the SHIB community abuzz with theories.

Ranging from potential partnerships to new token introductions, the speculation is rampant. Given Kusama's history of hinting at major announcements, it's likely that the mystery will soon be revealed.

Adding to the excitement, the recent Shiba Inu network update, a layer-2 blockchain solution, promises significant improvements in transaction speeds and gas fees. The community is on high alert for any clues or announcements that might shed light on the meaning behind "Evita".

Will the announcement herald a new technological feature, strategic partnership, or something entirely unexpected? Only time will tell. The tweet's timing is notable, as Shiba Inu's performance has been lackluster, currently hovering around $0.000023.

#ETHETFS #altcoins #MicroStrategy

Disclaimer: Includes third-party opinions. No financial advice. See T&Cs.
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PEPE whales traded a lot of memecoin yesterday, according to on-chain statistics. These tokens are going here. PEPE whales were online today. Last day, Whale Alert reported two huge PEPE trades in a few hours. Both of these actions are characteristic of whales, who may impact the market due to their massive transfers. Their network position may affect bitcoin prices, thus their movements should be watched. What these investors wanted to accomplish determines how their transfers may affect the asset. As seen, this PEPE whale transaction's sending address was an unknown wallet, unaffiliated with any centralized platform like an exchange. These wallets are generally investors' self-control addresses. However, Binance is associated with the receiving address. This suggests that the whale transferred 1,238,332,920,144 PEPE (worth approximately $10.5 million at the time) from their wallet to the exchange. Such transfers are exchange inflows. When investors wish to sell on these platforms, they make exchange inflows. Thus, exchange inflows may hurt prices. Given the size of the transaction, PEPE may suffer if the whale made the deposit to sell. However, the second transaction from today is an exchange outflow, which is good news for meme coin investors. In this transaction, this PEPE whale shifted money from Binance to an unknown wallet. Long-term investors shift to personal addresses since it's safer outside central entities' control. Possibly, this whale will HODL these currencies. Interesting, this trade involves 1,241,850,000,000 PEPE ($10.5 million), identical to the exchange influx. Since the same trade is engaged in both, the same whale may be responsible. But because the addresses don't match, it's still unclear. In principle, an equal-sized exchange outflow hours following the influx should offset any negative consequences. PEPE is now trading at $0.000008445479, up 21% in a week.$ETH #buythedip #altcoins
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#buythedip #CryptoWatchMay2024 #BTC #bitcoinhalving Whale Moves 800 Billion SHIB in 1 Minute: Big News, Shiba Inu Price Prediction SHIB has lost 6% in 24 hours, bringing the Shiba Inu price to $0.00002401 as the crypto market fell 1.5%. Despite a 2% weekly gain, the meme currency has dropped 10% in two weeks and 15% in 30 days. However, SHIB has gained 150% in the last year and remains popular with traders despite its ups and downs. Today's rise followed a whale's 875 billion SHIB transfer from Robinhood on May 2, indicating that the meme currency might rebound shortly. The purple relative strength indicator fell as low as 35 this morning, but it has since risen near 50, indicating that SHIB's cheap price is enticing buyers. SHIB's 30-day moving average (orange) is close below its 200-day (blue), indicating additional losses. It also suggests a bottom is near and the currency will shortly return. Additionally, SHIB's resistance (red) and support (green) levels are converging, which is promising. Convergence usually generates a pinch point that compels an asset to shift significantly in either direction. SHIB has been punished enough in recent days, so this decision should be helpful. In the tweet above, one huge trader acquired $20 million in SHIB a few days ago, which whales may anticipate. Smart money expects SHIB to rise shortly, and where whales lead, retail follows. The larger market will assist SHIB gain in the next weeks and months, since rate cuts will revive the crypto market. Since its creators raised $12 million for a privacy-focused layer-three network, Shiba Inu may have the best meme token foundations. Thus, by summer's end, Shiba Inu might hit $0.00004.
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Shiba Inu has failed to break through key resistance levels and is now experiencing downward pressure. This movement is characterized by a descending triangle pattern on the charts, indicating potential further declines. The descending triangle, typically viewed as a bearish signal, suggests that sellers are more aggressive than buyers, leading to progressively lower highs. Currently, SHIB is facing resistance along the triangle's upper trend line, while support has been established around $0.0000237. If this support level fails to hold, there is a strong possibility that SHIB could drop toward the next significant support at $0.000021. Shiba Inu's market sentiment appears to be tilting toward bearishness. A breach below $0.000021 could lead to a test of the $0.00002 mark. The potential for a breakdown below this level could set the stage for even more of a substantial loss, bringing some troubles for market participants, and for SHIB specifically. On the flip side, if SHIB can gain enough buying pressure to reverse the current downtrend, a return to higher resistance levels such as $0.0000268 could be possible. This would necessitate a significant shift in market dynamics, potentially driven by positive developments within the Shiba Inu ecosystem or broader market sentiment shifts. Monitoring volume right now could be the best way to predict an upcoming move for Shiba Inu. Currently, volume trends have been relatively flat, which typically suggests a lack of conviction in the market's direction. An increase in trading volume, especially on upward movement, would be a positive sign that a stronger rebound might be underway, but only if the market in general is reversing upwards, which is not the case for now, unfortunately.#altcoins #BlackRock #buythedip
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