Shiba Inu (SHIB) News: It was Shiba Inu (SHIB) that recently led the memecoin rally as the burn rate increased. There is a lot of expectations on the cryptocurrency’s layer 2 Shibarium project among the SHIB community. In this context, there may be rise in trading activity for the memecoin. In this context, SHIB whales are also focused on accumulating or maximizing returns from their assets.
Also Read: Cathie Wood Bullish On Bitcoin, Investing Heavily In Coinbase And Tesla
In the last few days, even Binance appears to have placed its bets on the top 2 memecoin. As per Whale Alert data, the crypto exchange had earlier in the week transferred a whopping 4 trillion SHIB to an unknown wallet.
“4,000,000,000,000 SHIB ($34,736,666) transferred from Binance to unknown wallet.”
SHIB Whale Activity Picks Up
In addition, a latest alert showed that a massive transfer of SHIB occurred between unknown wallets. The memecoin is currently ranked 16 based on market cap while Dogecoin (DOGE) holds the top memecoin position at rank 9. As of writing, SHIB price stands at $0.00000916, up 2.63% in the last 24 hours, according to CoinGape price tracker. The Whale Alert message said,
“3,323,256,285,484 #SHIB (30,458,751 USD) transferred from unknown wallet to unknown wallet.”
The post Shiba Inu (SHIB) Whale Transfers Pick Up Ahead Of CPI Release, What’s Going On appeared first on CoinGape.
