SHIB News: Whale Collects 2.7 Trillion Coins, Sending Bullish Sentiment Soaring!
In a move that has shocked the cryptocurrency market, a mysterious whale has taken a staggering 2.7 trillion Shiba Inu $SHIB coins worth $48.34 million from the Robinhood exchange. This massive accumulation has ignited optimism among investors, hinting at a potential price target of $0.0000386 by the end of the month.
According to Whale Alert, the unknown whale address 0x40b38765 made the transaction, and further investigation revealed that the wallet now contains a whopping $653.52 million in SHIB. This show of confidence has sparked enthusiasm among investors, who are betting on the profit potential of the meme coin.
$SHIB Inu lead developer Shytoshi Kusama has also been touting the token's decentralized capabilities, particularly in light of the recent CrowdStrike outage. This has sparked even more debate and optimism around SHIB's future prospects.
Meanwhile, $SHIB price is riding the bullish wave, rising 1.87% to trade at $0.00001789. The weekly charts show a 4.67% gain and a bullish reversal pattern hints at a potential price target of $0.0000386. With the 14-day RSI at 50, indicating a neutral state, further buying pressure could push the asset higher, making this an exciting time for SHIB investors.
