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2025-01-19 14:50:43 - Translate -

USEFUL CRYPTO NEWS

2,816,572,700,000 Shiba Inu Stun Largest Crypto Exchange in 24 Hours

Shiba Inu (SHIB), the dog-themed meme coin, has witnessed a massive transaction surge in the last 24 hours. Over 2.8 trillion SHIB tokens have been transacted on the leading cryptocurrency exchange, Binance. Available data shows that 2,816,572,700,000 SHIB has hit Binance in active trading.

SHIB whale activity and market implications
Analysts have attributed the bulk of these transactions to whale traders. Although the actual factors driving the activities of these whales have not been revealed, the move remains significant to the ecosystem.

Transacting such a staggering volume of SHIB tokens on Binance might suggest one of several possible scenarios. Primarily, the SHIB traders opened defined positions on Binance in line with general market trends. Notably, one of the reasons whales and retail traders move their tokens to crypto exchanges is to sell. However, they might also decide to trade or to stake. Meanwhile, the surge in SHIB interest in Binance could help stimulate price movement as SHIB has struggled to break critical resistance levels in the past 30 days. As of this writing, SHIB is trading slightly up by 1.48% at $0.00002189 in the past 24 hours. The trading volume on all exchanges beyond Binance has not registered significant movement, as it remains at $445.39 million, or up by 0.11%.

USEFUL CRYPTO NEWS 🐶 2,816,572,700,000 Shiba Inu Stun Largest Crypto Exchange in 24 Hours Shiba Inu (SHIB), the dog-themed meme coin, has witnessed a massive transaction surge in the last 24 hours. Over 2.8 trillion SHIB tokens have been transacted on the leading cryptocurrency exchange, Binance. Available data shows that 2,816,572,700,000 SHIB has hit Binance in active trading. SHIB whale activity and market implications Analysts have attributed the bulk of these transactions to whale traders. Although the actual factors driving the activities of these whales have not been revealed, the move remains significant to the ecosystem. Transacting such a staggering volume of SHIB tokens on Binance might suggest one of several possible scenarios. Primarily, the SHIB traders opened defined positions on Binance in line with general market trends. Notably, one of the reasons whales and retail traders move their tokens to crypto exchanges is to sell. However, they might also decide to trade or to stake. Meanwhile, the surge in SHIB interest in Binance could help stimulate price movement as SHIB has struggled to break critical resistance levels in the past 30 days. As of this writing, SHIB is trading slightly up by 1.48% at $0.00002189 in the past 24 hours. The trading volume on all exchanges beyond Binance has not registered significant movement, as it remains at $445.39 million, or up by 0.11%.

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