{"id":527828,"date":"2023-04-20T22:00:19","date_gmt":"2023-04-20T22:00:19","guid":{"rendered":"https:\/\/ktsl888.com\/?p=527828"},"modified":"2024-06-11T07:50:01","modified_gmt":"2024-06-11T07:50:01","slug":"shiba-inu-remains-in-red-despite-whales-shib-buying-spree","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/shiba-inu-coin\/shiba-inu-remains-in-red-despite-whales-shib-buying-spree\/","title":{"rendered":"Shiba Inu Remains In Red Despite Whales SHIB Buying Spree"},"content":{"rendered":"<p><span style=\"font-weight: 400\">Undoubtedly, bearish times are known as the time to bag potential assets, and according to the latest data, <\/span><a href=\"https:\/\/ktsl888.com\/shiba-inu\/shiba-inu-shib-breakout-fails-but-huge-rally-possible\/?swcfpc=1\" target=\"_blank\" rel=\"noopener \"><span style=\"font-weight: 400\">Shiba Inu (SHIB)<\/span><\/a><span style=\"font-weight: 400\"> whales are doing just that. However, interestingly SHIB has shown no reaction to the <\/span><a href=\"https:\/\/ktsl888.com\/shiba-inu\/bullish-shiba-inu-whale-buys-3-48-trillion-shib\/?swcfpc=1\" target=\"_blank\" rel=\"noopener \"><span style=\"font-weight: 400\">whale&#8217;s buying spree<\/span><\/a><span style=\"font-weight: 400\">.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Over the past 24 hours, Shiba Inu hasn\u2019t made any <\/span><a href=\"https:\/\/ktsl888.com\/news\/shiba-inue-price-falters\/\" target=\"_blank\" rel=\"noopener \"><span style=\"font-weight: 400\">significant move<\/span><\/a><span style=\"font-weight: 400\"> aside from a continuous downward trend. SHIB is currently down by nearly 6%, alongside the rest of the crypto market. Its trading volume has increased, indicating ongoing selling pressure.<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/ktsl888.com\/shiba-inu\/bullish-shiba-inu-whale-buys-3-48-trillion-shib\/?swcfpc=1\" target=\"_blank\" rel=\"noopener \">Bullish: Shiba Inu Whale Buys 3.48 Trillion SHIB<\/a><\/div>\n<h2><span style=\"font-weight: 400\">Whales Buying Frenzy On Shiba Inu (SHIB)<\/span><\/h2>\n<p><span style=\"font-weight: 400\">In less than an hour, SHIB whales have purchased nearly 30 billion tokens altogether, according to <\/span><a href=\"https:\/\/etherscan.io\/token\/0x95ad61b0a150d79219dcf64e1e6cc01f0b64c4ce#balances\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">data<\/span><\/a><span style=\"font-weight: 400\"> from Etherscan. The first large investor in the last hour purchased 4.4 billion tokens from Binance, followed by another investor who purchased 19.9 billion SHIB from Coinbase.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Additionally, another investor purchased 48.6 million tokens from Binance. Other large transactions recorded include a transfer of 1.6 billion SHIB tokens, 2 billion tokens, and 13.5 billion transfers between unknown wallets.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Notably, this is not the first whale report this week, 3 days ago, a Shiba Inu whale purchased 3.48 trillion SHIB becoming the 29th biggest Shiba Inu holder. The purchase showcased the growing interest of crypto whales on SHIB after the Shibarium Beta Testnet, Puppynet launch.<\/span><\/p>\n<p><span style=\"font-weight: 400\">The top 100 Ethereum whales have amassed over $601.2 million worth of SHIB, comprising almost 12% of their combined portfolio. On average, each wallet holds 496,214,650,935 SHIB, with a value slightly exceeding $6 million.<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/ktsl888.com\/news\/shiba-inue-price-falters\/?swcfpc=1\" target=\"_blank\" rel=\"noopener \">Shiba Inu (SHIB) Price Momentum Screeches To A Halt: What\u2019s The Outlook?<\/a><\/div>\n<h2><span style=\"font-weight: 400\">Reason Behind SHIB\u2019s Decline Amid Buying Spree?<\/span><\/h2>\n<p><span style=\"font-weight: 400\">Despite the buying spree, SHIB has been experiencing a price decline. At the time of writing, SHIB is trading at $0.00001055, down by 5.2% in the last 24 hours.\u00a0<\/span><\/p>\n<figure style=\"width: 2768px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium\" src=\"https:\/\/www.tradingview.com\/x\/aK4yRaG2\/\" alt=\"Shiba Inu (SHIB) price chart on TradingView\" width=\"2768\" height=\"1372\"><figcaption class=\"wp-caption-text\">Shiba Inu (SHIB) price is moving sideways on the 4-hour chart. Source: SHIB\/USDT on <a href=\"https:\/\/www.tradingview.com\/chart\/HSuSIPeM\/?symbol=BINANCE%3ASHIBUSDT\" target=\"_blank\" rel=\"noopener nofollow\">TradingView.com<\/a><\/figcaption><\/figure>\n<p><span style=\"font-weight: 400\">One possible explanation for this latest bearish trend could be the crypto market&#8217;s performance, which has affected many altcoins. Bitcoin, the <\/span><span style=\"font-weight: 400\">leading cryptocurrency has been experiencing a significant price decline, which has had a ripple effect on the entire market.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Another possible factor could be the oversupply of SHIB tokens. <\/span><span style=\"font-weight: 400\">Moreover, SHIB has been mirroring other large assets in the past weeks, which may have contributed to the initial price surge. Still, it is common for crypto assets to experience a price correction after a quick spike in their value.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Additionally, investors who bought SHIB during the initial hype may have sold their tokens to make a profit, resulting in a price decline<\/span><span style=\"font-weight: 400\">. Meanwhile, over the past 3 days, nearly $500 million has been removed from SHIB\u2019s market cap resulting in a further decline in the asset\u2019s market cap valuation.<\/span><\/p>\n<p><span style=\"font-weight: 400\">On the other hand, SHIB\u2019s daily trading volume has moved from a low of $196 million in the past 7 days to $284 million in the past 24 hours, indicating possible selling pressure.<\/span><\/p>\n<p>Featured image from Unsplash, Chart from TradingView<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Undoubtedly, bearish times are known as the time to bag potential assets, and according to the latest data, Shiba Inu (SHIB) whales are doing just that. However, interestingly SHIB has shown no reaction to the whale&#8217;s buying spree. Over the past 24 hours, Shiba Inu hasn\u2019t made any significant move aside from a continuous downward trend. SHIB is currently down by nearly 6%, alongside the rest of the crypto market. Its trading volume has increased, indicating ongoing selling pressure. Related Reading: Bullish: Shiba Inu Whale Buys 3.48 Trillion SHIB Whales Buying Frenzy On Shiba Inu (SHIB) In less than an hour, SHIB whales have purchased nearly 30 billion tokens altogether, according to data from Etherscan. The first large investor in the last hour purchased 4.4 billion tokens from Binance, followed by another investor who purchased 19.9 billion SHIB from Coinbase. Additionally, another investor purchased 48.6 million tokens from Binance. Other large transactions recorded include a transfer of 1.6 billion SHIB tokens, 2 billion tokens, and 13.5 billion transfers between unknown wallets. Notably, this is not the first whale report this week, 3 days ago, a Shiba Inu whale purchased 3.48 trillion SHIB becoming the 29th biggest Shiba Inu holder. The purchase showcased the growing interest of crypto whales on SHIB after the Shibarium Beta Testnet, Puppynet launch. The top 100 Ethereum whales have amassed over $601.2 million worth of SHIB, comprising almost 12% of their combined portfolio. On average, each wallet holds 496,214,650,935 SHIB, with a value slightly exceeding $6 million. Related Reading: Shiba Inu (SHIB) Price Momentum Screeches To A Halt: What\u2019s The Outlook? Reason Behind SHIB\u2019s Decline Amid Buying Spree? Despite the buying spree, SHIB has been experiencing a price decline. At the time of writing, SHIB is trading at $0.00001055, down by 5.2% in the last 24 hours.\u00a0 One possible explanation for this latest bearish trend could be the crypto market&#8217;s performance, which has affected many altcoins. Bitcoin, the leading cryptocurrency has been experiencing a significant price decline, which has had a ripple effect on the entire market. Another possible factor could be the oversupply of SHIB tokens. Moreover, SHIB has been mirroring other large assets in the past weeks, which may have contributed to the initial price surge. Still, it is common for crypto assets to experience a price correction after a quick spike in their value.\u00a0 Additionally, investors who bought SHIB during the initial hype may have sold their tokens to make a profit, resulting in a price decline. Meanwhile, over the past 3 days, nearly $500 million has been removed from SHIB\u2019s market cap resulting in a further decline in the asset\u2019s market cap valuation. On the other hand, SHIB\u2019s daily trading volume has moved from a low of $196 million in the past 7 days to $284 million in the past 24 hours, indicating possible selling pressure. Featured image from Unsplash, Chart from TradingView<\/p>\n","protected":false},"author":580,"featured_media":520342,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[92559],"tags":[142,6664,83668,83667],"class_list":["post-527828","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-shiba-inu-coin","tag-altcoins","tag-crypto","tag-shib","tag-shiba-inu"],"acf":[],"yoast_head":"\n<title>Shiba Inu Remains In Red Despite Whales SHIB Buying Spree<\/title>\n<meta name=\"description\" content=\"Undoubtedly, bearish times are known as the time to bag potential assets and according to the latest data, Shiba Inu (SHIB) whales are...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme\u2019s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more determined, channeling his experience into over three years of insightful market analysis. Before becoming the voice of reason in the crypto space, Edyme was the quintessential crypto degen. He aped into anything that promised a quick buck, anything ape-able, learning the ropes the hard way. These hands-on experience through major market events\u2014like the Terra Luna crash, the wave of bankruptcies in crypto firms, the notorious FTX collapse, and even CZ\u2019s arrest\u2014has honed his keen sense of market dynamics. When he isn\u2019t crafting engaging crypto content, you\u2019ll find Edyme backtesting charts, studying both forex and synthetic indices. His dedication to mastering the art of trading is as relentless as his pursuit of the next big story. Away from his screens, he can be found in the gym, airpods in, working out and listening to his favorite artist, NF. Or maybe he\u2019s catching some Z\u2019s or scrolling through Elon Musk\u2019s very own X platform\u2014(oops, another screen activity, my bad\u2026) Well, being an introvert, Edyme thrives in the digital realm, preferring online interaction over offline encounters\u2014(don\u2019t judge, that\u2019s just how he is built). 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Normal to you is not to him. He is not the one to take the easy road, and why would he? That\u2019s just not the way he roll. He has these favorite lyrics from NF\u2019s \u201cClouds\u201d that resonate deeply with him: \u201cWhat you think's probably unfeasible, I've done already a hundredfold.\u201d PS\u2014Edyme is HIM. HIM-buktu. Him-mulation. Him-Kardashian. Himon and Pumba. He even had his DNA tested, and guess what? He\u2019s 100% Him-alayan. Screw it, he ate the opp.\",\"sameAs\":[\"https:\/\/x.com\/0xEdyme\"],\"url\":\"https:\/\/ktsl888.com\/author\/samueledymeabayomi\/\"}]}<\/script>\n","yoast_head_json":{"title":"Shiba Inu Remains In Red Despite Whales SHIB Buying Spree","description":"Undoubtedly, bearish times are known as the time to bag potential assets and according to the latest data, Shiba Inu (SHIB) whales are...","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/ktsl888.com\/news\/shiba-inu-coin\/shiba-inu-remains-in-red-despite-whales-shib-buying-spree\/","og_locale":"en_US","og_type":"article","og_title":"Shiba Inu Remains In Red Despite Whales SHIB Buying Spree","og_description":"Undoubtedly, bearish times are known as the time to bag potential assets and according to the latest data, Shiba Inu (SHIB) whales 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A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme\u2019s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more determined, channeling his experience into over three years of insightful market analysis. Before becoming the voice of reason in the crypto space, Edyme was the quintessential crypto degen. He aped into anything that promised a quick buck, anything ape-able, learning the ropes the hard way. These hands-on experience through major market events\u2014like the Terra Luna crash, the wave of bankruptcies in crypto firms, the notorious FTX collapse, and even CZ\u2019s arrest\u2014has honed his keen sense of market dynamics. When he isn\u2019t crafting engaging crypto content, you\u2019ll find Edyme backtesting charts, studying both forex and synthetic indices. His dedication to mastering the art of trading is as relentless as his pursuit of the next big story. Away from his screens, he can be found in the gym, airpods in, working out and listening to his favorite artist, NF. Or maybe he\u2019s catching some Z\u2019s or scrolling through Elon Musk\u2019s very own X platform\u2014(oops, another screen activity, my bad\u2026) Well, being an introvert, Edyme thrives in the digital realm, preferring online interaction over offline encounters\u2014(don\u2019t judge, that\u2019s just how he is built). His determination is quite unwavering to be honest, and he embodies the philosophy of continuous improvement, or \u201ckaizen,\u201d striving to be 1% better every day. His mantras, \u201cGod knows best\u201d and \u201cEverything is still on track,\u201d reflect his resilient outlook and how he lives his life. In a nutshell, Samuel Edyme was born efficient, driven by ambition, and perhaps a touch fierce. He\u2019s neither artistic nor unrealistic, and certainly not chauvinistic. Think of him as Bruce Willis in a train wreck\u2014unflappable. Edyme is like trading in your car for a jet\u2014bold. He\u2019s the guy who\u2019d ask his boss for a pay cut just to prove a point\u2014(uhhh\u2026). He is like watching your kid take his first steps. Imagine Bill Gates struggling with rent\u2014okay, maybe that\u2019s a stretch, but you get the idea, yeah. Unbelievable? Yes. Inconceivable? Perhaps. Edyme sees himself as a fairly reasonable guy, albeit a bit stubborn. Normal to you is not to him. He is not the one to take the easy road, and why would he? That\u2019s just not the way he roll. He has these favorite lyrics from NF\u2019s \u201cClouds\u201d that resonate deeply with him: \u201cWhat you think's probably unfeasible, I've done already a hundredfold.\u201d PS\u2014Edyme is HIM. HIM-buktu. Him-mulation. Him-Kardashian. Himon and Pumba. He even had his DNA tested, and guess what? He\u2019s 100% Him-alayan. 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