**Half Trillion Shiba Inu (SHIB) in 24 Hours: What's Happening?** ๐๐
The Shiba Inu (SHIB) market has been buzzing over the last 24 hours, with significant activity from whales and exchanges sparking curiosity. Is there something big brewing behind the scenes of SHIB?
### ๐ **Major Whale Movements:**
- **Robinhood Transfers**: A hot wallet from Robinhood transferred 45.01 billion SHIB (around $1.13 million) to another Robinhood wallet. ๐
- **Symbolic Capital Partners MEV Bot**: Executed multiple transactions, each around 50 billion SHIB, with values between $1.23 million and $1.26 million per transaction. ๐ธ
- **Uniswap Activity**: Saw substantial volume with transactions like 50.8 billion SHIB ($1.26 million) and 50.4 billion SHIB ($1.23 million). ๐
### ๐ **On-Chain Data Insights:**
In the last 24 hours, there were 86 large transactions totaling about 1.14 trillion SHIB. This is a notable increase from the seven-day low of 14 transactions and the high of 378 transactions. The transaction volume also surged, hitting 1.14 trillion SHIB, compared to the seven-day high of 9.6 trillion SHIB and low of 415.2 billion SHIB. ๐
### ๐ **Market Analysis:**
SHIB is currently trading within a symmetrical triangle pattern, indicating market indecision. The recent surge in whale activity and large transfers points to a potential breakout or significant price movement. Despite this, SHIB's price remains relatively stable, around $0.00002450, with resistance at $0.000025 and support at $0.00002234. ๐
### ๐ฎ **Potential Implications:**
The lack of volatility might suggest that whales and institutional investors are repositioning their portfolios. Alternatively, exchanges could be gearing up for upcoming market events. ๐
Stay tuned for more updates as we monitor this evolving situation. Is Shiba Inu on the verge of a major move? Time will tell. ๐ต๏ธโโ๏ธ
