Alert! Bull Market or Crash, Does $SHIB Need to Make a Big Move?
The U.S. government has moved $1.55 million worth of Shiba Inu (SHIB), and this has caused a stir in the crypto community. 54.89 billion SHIB from the wallet seized from FTX/Alameda has swiftly moved to a related SHIB wallet, and everyone is guessing how this will affect the SHIB price.
Key points:
Sender: Managed by the U.S. government, the wallet that was seized from FTX/Alameda.
Recipient: SHIB's wallet (0x95a…), Gas fee was only $5.73, and the Gas price was just 34.12 Gwei.
What to do with SHIB?
Market reaction: The SHIB price may fluctuate wildly. If these coins are sold, the price is likely to drop temporarily.
Purpose of transfer: These coins may be intended for repaying debts or exchanging for other assets.
Impact on us: If a large amount of coins are sold, supply and demand will change, but those holding SHIB long-term believe that this coin still has the potential to rise again.
What’s everyone’s mood now?
SHIB price: $0.00003023, up 2.75%.
Some feel this could bring a wave of upward momentum, while others think it’s just short-term selling pressure.
What’s the community saying?
Some traders are holding onto SHIB, believing it could be worth a lot in the future.
Others advise not to act impulsively, as the market is so chaotic, and one must stay composed.
What to do next?
Keep an eye on that wallet and the SHIB price; whether the government sells or holds could be key for SHIB's next move.
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