After watching the SHIB price stagnate around the $0.000008 range, Shiba Inu whales started making moves behind the scenes. Will the SHIB price speculation tilt the momentum in favor of the bulls? 

This week, a flurry of whale transactions has sparked intense price speculation within the Shiba Inu ecosystem. Can the bulls soak up the pressure in anticipation of the Shibarium mainnet launch? 

Mystery Shiba Inu Whale Triggers Price Speculation After Moving 2.4 Trillion SHIB

A mystery Shiba Inu whale has triggered intense price speculation across the SHIB ecosystem. On July 19, Twitter whale activity monitoring bot account @WhaleAlert reported the transfer of 2.416 trillion SHIB tokens.

A double-check on the newly-launched Arkham Intelligence platform showed that the sending 0x34e address is associated with the embattled exchange, BinanceUS. Meanwhile, the receiving 0x058 wallet address is yet to be identified. 

SHIB price currently sits at 0.0000077, meaning that this mystery 2.4 Trillion SHIB transfer is worth approximately $18 million. When Whales conduct such large transfers, it often causes huge price movements as other eagle-eyed investors attempt to front-run the trade. 

However, with the receiving Go to Source to See Full Article
Author: Ibrahim Ajibade

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