🐋🌊🐾 Shiba Inu Whale Raises 40 Million USD From SHIB

Observing the movements of smart whales can provide valuable information for crypto traders and investors navigating the crypto waters. These highly capitalized addresses have a history of profitable trading.

On May 1, an anonymous wallet made a large transaction on the Robinhood exchange, purchasing 1.75 trillion #ShibaInus  (#SHIB  ) tokens worth approximately $40 million.

Data from Whale Alert shows that this significant purchase consisted of two separate transfers, each transferring 875 billion SHIB in less than a minute.

Large transactions were made from Robinhood to wallet address '0X73AF3BCF944A6559933396C1577B257E2054D935'.

According to Etherscan data, this wallet has previously transferred SHIB to and from Robinhood. Over the past month, this address has been significantly busy with heavy trading volume on SHIB Sundays.

In particular, on April 24, he transferred 3 trillion SHIB to Robinhood and showed a steady entry and exit pattern on the platform. This behavior highlights the wallet's significant influence in the market, with it currently holding 5.88 trillion SHIB, worth approximately $128 million.

Market Impact and Forecast

Professional cryptocurrency trader Ali Martinez recently mentioned in a post on X (formerly Twitter) that the Shiba Inu has created a bullish flag on his daily chart. A bull flag is a bullish pattern and indicates that the crypto asset is ready for further upward movement. Anticipating this, the crypto analyst announced that he placed a buy order of around 0.000018343 USD, aiming for an uptrend that could increase the Shiba Inu price to 0.000072323 USD.

According to Coinmarketcap data, Shiba Inu daily trading volume has increased by about 40%. This increase is mainly due to the Binance cryptocurrency exchange, which has announced a large number of sought-after trading pairs, including the Japanese branch of SHIB.