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Whale Pulls 220 Billion SHIB Tokens from Binance. Here’s What It Could Mean for the Market
In a significant development, a single transaction withdrawing 220 billion Shiba Inu (SHIB) tokens from Binance wallets has sparked interest within the cryptocurrency community. While such large-scale movements often raise questions about potential market activities, they are frequently interpreted as a transition towards self-custody, implying a long-term investment strategy. Dormant Whale Resurfaces with Substantial SHIB…
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Shiba Inu (SHIB) Navigates Limited Support Below Current Price Levels
Shiba Inu (SHIB) is currently grappling with constrained support levels below its present trading price. The lack of substantial buying pressure in these regions has raised concerns among investors about the token’s ability to maintain stability, especially as market sentiment remains subdued. Insights from On-Chain Data According to the IntoTheBlock Global In/Out of Money indicator,…
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Ethereum, Solana, and Shiba Inu Teeter on the Brink: Can They Reclaim Critical Support Levels?
Presently, market doesn’t look particularly favorable for Ethereum, Solana, or Shiba Inu in the short term. All three are struggling with critical support levels and face the risk of further corrections if buyers do not step in. However, the long-term outlook could shift positively if these assets manage to hold or reclaim their respective support…
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SHIB Army on Edge: Kusama’s Cryptic Tweets Spark Partnership Speculation
Shiba Inu’s project lead, Shytoshi Kusama, has once again captivated the SHIB community with cryptic tweets, leaving many speculating about potential developments for the popular meme-inspired cryptocurrency. On November 16, Kusama posted a concise yet emphatic tweet: “LFGOOOOO!!!!”. This exclamation sparked widespread excitement among the SHIB Army, who interpreted it as a signal of significant…