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Massive SHIB Transfer Raises Concerns As Analyst Forecasts Bullish Breakout for Shiba Inu

Published 02/05/2024, 14:00
Updated 02/05/2024, 16:15
Massive SHIB Transfer Raises Concerns As Analyst Forecasts Bullish Breakout for Shiba Inu
SHIB/USD
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HOOD
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Coin Edition -

  • A massive movement of 2 trillion SHIB tokens from Robinhood to an undisclosed wallet raises eyebrows, sparking speculation.
  • Analyst predicts a breakout for SHIB, targeting $0.000072323, advising buy orders around $0.000018343 to capitalize.
  • Inadvertent burns of 2 billion SHIB tokens reduce circulating supply, potentially boosting demand and price pressure.

Whale Alert, a renowned blockchain tracker, identified a big movement of Shiba Inu (SHIB) meme currencies on the famous investment site Robinhood. Nearly two trillion SHIB tokens were moved to an unidentified wallet, raising questions in the crypto world.

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