There has been a large-scale transfer of SHIB (commonly known as Shiba Inu Coin). This unusual move has not only sparked widespread discussion in the community, but also led market analysts to speculate whether this indicates that SHIB may usher in a new round of price increases in May. Today, we will take a deeper look at the meaning behind this phenomenon and its possible impact on the market.

According to blockchain data analysis, billions of SHIB were transferred from multiple unknown wallets to wallet addresses of several large exchanges a few days ago. This scale of capital flow is usually seen in the cryptocurrency field as a signal that large traders or institutional investors are ready to buy and sell. The market is sensitive to this, on the one hand because SHIB, as a representative of the once popular "MEME coin", has a large and active community base; on the other hand, SHIB has staged many impressive price surges in the past, so any disturbance is enough to stimulate the market's infinite reverie.