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🐋😱Shiba Inu Prepares for Ascension Trajectory as Whales Relock Shiba for the Long Term
The well-known market intelligence platform Santiment highlighted Shiba Inu as a token to be considered when whales were withdrawing cryptocurrencies from exchanges in the midst of a slowly developing crypto bull market.
In a recent tweet, Santiment highlighted the growing momentum in the altcoin market, where tokens such as Solana (SOL) and Cardano (ADA) have posted surprising rises towards new Year's highs.
In particular, Centiment noted that the ADA has recently exceeded $ 0.65, which is a point that has not been seen for the last 17 months. In addition, Solana is on its way to $100, having grown by over 400% in less than four months.
Amid this laudable trend, Centiment weighed in on the emerging positive signs that point to a similar Shiba Inu uptrend on the horizon.
🎉 Altcoins are on the rise once again; $ADA is currently above $0.65 and $SOL is surprisingly approaching $100. But pay attention to $ETH, $SHIB, $FET and $DENT. All of these four assets see the respective top 10 exchange wallets move cryptocurrencies away from exchanges;
(Continued) 👇
- Santiment (Santiment ) December 22, 2023
Reasons to Watch Shiba Inu
In the update, Santiment, one of the crypto market participants Ethereum (ETH), Shiba Inu (SHIB), Fetch.ai He asked (FET) and Dent (DENT) to "keep an eye" on him. According to the intelligence platform, these four entities stand out due to the ongoing movement of coins from the whales.
He noted that there were significant withdrawals in the wallets of the top 10 exchanges, especially those where digital assets are concentrated. This trend means that large owners, namely whales, are transferring their assets from exchanges to private wallets for potentially long-term retention.
Santiment underlined that such a trend is historically considered a bullish indicator, as whales traditionally move tokens to exchanges for sale.
#ShibaInu #Binance #Memecoins
The well-known market intelligence platform Santiment highlighted Shiba Inu as a token to be considered when whales were withdrawing cryptocurrencies from exchanges in the midst of a slowly developing crypto bull market.
In a recent tweet, Santiment highlighted the growing momentum in the altcoin market, where tokens such as Solana (SOL) and Cardano (ADA) have posted surprising rises towards new Year's highs.
In particular, Centiment noted that the ADA has recently exceeded $ 0.65, which is a point that has not been seen for the last 17 months. In addition, Solana is on its way to $100, having grown by over 400% in less than four months.
Amid this laudable trend, Centiment weighed in on the emerging positive signs that point to a similar Shiba Inu uptrend on the horizon.
🎉 Altcoins are on the rise once again; $ADA is currently above $0.65 and $SOL is surprisingly approaching $100. But pay attention to $ETH, $SHIB, $FET and $DENT. All of these four assets see the respective top 10 exchange wallets move cryptocurrencies away from exchanges;
(Continued) 👇
- Santiment (Santiment ) December 22, 2023
Reasons to Watch Shiba Inu
In the update, Santiment, one of the crypto market participants Ethereum (ETH), Shiba Inu (SHIB), Fetch.ai He asked (FET) and Dent (DENT) to "keep an eye" on him. According to the intelligence platform, these four entities stand out due to the ongoing movement of coins from the whales.
He noted that there were significant withdrawals in the wallets of the top 10 exchanges, especially those where digital assets are concentrated. This trend means that large owners, namely whales, are transferring their assets from exchanges to private wallets for potentially long-term retention.
Santiment underlined that such a trend is historically considered a bullish indicator, as whales traditionally move tokens to exchanges for sale.
#ShibaInu #Binance #Memecoins
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