{"id":519967,"date":"2023-02-17T05:10:06","date_gmt":"2023-02-17T05:10:06","guid":{"rendered":"https:\/\/ktsl888.com\/?p=519967"},"modified":"2023-02-17T05:10:06","modified_gmt":"2023-02-17T05:10:06","slug":"shiba-inu-whale-scoops-50b-shib","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/shiba-inu-whale-scoops-50b-shib\/","title":{"rendered":"Shiba Inu Whale Scoops 50 Billion SHIB In Single Day After Earlier Ditching Bigger Amount"},"content":{"rendered":"

There’s been much hype around Shibarium since 2023 has started. It is a Layer 2 solution proposed by Ryoshi, the creator of Shiba Inu. <\/span>Shytoshi Kusama – the lead developer and cofounder of the Shiba Inu ecosystem – has been teasing the release ever since.<\/p>\n

Whales have also been roused by the hype surrounding the Shibarium upgrade.\u00a0According to <\/span>CoinGecko<\/span><\/a>, this resulted in the token gaining 14% in the bi-weekly time frame, and currently trading at $0.00001312.<\/span><\/p>\n

\"\"<\/p>\n

The day after Valentine’s, whales accumulated over 50 billion SHIB worth more than $600,000 during the time of the transaction. This comes after the same whale disposed of some 70 billion SHIB last week valued at around $956,200.\u00a0<\/span><\/p>\n

Last week, the broader financial market experienced a selloff with both equities and crypto <\/span>sustaining<\/span><\/a> losses. This has been caused by uncertainty in the macroeconomics of the United States and globally.\u00a0<\/span><\/p>\n

Increased Whale Activity And Improving Macros<\/strong><\/h2>\n

SHIB has been a favorite of whales for a long time. According to <\/span>WhaleStats data<\/span><\/a>, the token is the third most held cryptocurrency with an average amount held of over $6.8 million.<\/span><\/p>\n

At the time of writing, the whale holds a staggering 13.7 trillion SHIB worth about $187,600,000.<\/p>\n

The recent whale accumulation might be a sign that whales are willing to take more risk for long term gain. This positive sentiment reversal came after the release of the month on month consumer price index report.\u00a0<\/span><\/p>\n

\"\"<\/p>\n

Source: WhaleStats<\/pre>\n
The US Federal Reserve recently released multiple macro indicators that show a somewhat improving macro situation. <\/span>MoM CPI<\/span><\/a> stood stagnant at 0.5% with the <\/span>year on year CPI<\/span><\/a> going down from 6.5% to 6.4%.\u00a0<\/span><\/p>\n
Consumer spending<\/span><\/a> has also increased, showing that individuals have more confidence in the macroeconomic situation. These are signs of the Fed\u2019s aggressive quantitative tightening measures.<\/span><\/p>\n
Related Reading: CRV Daily Volume Peaks To Over $1 Billion In Past 24 Hours<\/a><\/div>\n
However, with the CPI still being high, the central bank might enact more interest rate hikes. <\/span>This hawkish sentiment has already been explored, with the Fed <\/span>eyeing<\/span><\/a> more interest rate hikes since its last rate hike.\u00a0<\/span><\/p>\n
\n
Saying here what I just said in the main TG chat (overrun by fudders and Shadowcats). Go enjoy Vday. Tomorrow my 1st of a series of mediums introducing the world to Shibarium will be released. The bow fit nicely, but I’m not releasing anything until @kaaldhairya<\/a> is done mourning.<\/p>\n
\u2014 Shytoshi\u2122 (@ShytoshiKusama) February 14, 2023<\/a><\/p><\/blockquote>\n
Shibarium Upgrade Eyeing Close Release<\/strong><\/h2>\n
Kusama recently <\/span>tweeted<\/span><\/a> about how the network upgrade is close to being released. This release might be in early March, instead of the supposed Valentine\u2019s Day release. <\/span><\/p>\n
With Kusama releasing the <\/span>first blog post<\/span><\/a> regarding the network upgrade, we might see a big price movement for SHIB on the day of the release.\u00a0<\/span><\/p>\n
<\/h3>\n
SHIB total market cap at $7.1 billion on the daily chart | Chart: TradingView.com<\/a><\/pre>\n
Related Reading: Ethereum Tightens Grip On $1,500 As ETH Drops 7% In The Last Week<\/a><\/div>\n
At $0.00001192, Bulls Should Overcome This Level<\/strong><\/h3>\n
The token\u2019s current momentum is being stopped on its tracks by the resistance level at $0.000014. This resistance, if not broken in a shorter time frame, might restrict SHIB\u2019s short to medium term goal. For the meantime, investors and traders should continue to target this resistance for a bigger move upwards.\u00a0<\/span><\/p>\n
-Featured image from Pinterest<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"
There’s been much hype around Shibarium since 2023 has started. It is a Layer 2 solution proposed by Ryoshi, the creator of Shiba Inu. Shytoshi Kusama – the lead developer and cofounder of the Shiba Inu ecosystem – has been teasing the release ever since. Whales have also been roused by the hype surrounding the Shibarium upgrade.\u00a0According to CoinGecko, this resulted in the token gaining 14% in the bi-weekly time frame, and currently trading at $0.00001312. The day after Valentine’s, whales accumulated over 50 billion SHIB worth more than $600,000 during the time of the transaction. This comes after the same whale disposed of some 70 billion SHIB last week valued at around $956,200.\u00a0 Last week, the broader financial market experienced a selloff with both equities and crypto sustaining losses. This has been caused by uncertainty in the macroeconomics of the United States and globally.\u00a0 Increased Whale Activity And Improving Macros SHIB has been a favorite of whales for a long time. According to WhaleStats data, the token is the third most held cryptocurrency with an average amount held of over $6.8 million. At the time of writing, the whale holds a staggering 13.7 trillion SHIB worth about $187,600,000. The recent whale accumulation might be a sign that whales are willing to take more risk for long term gain. This positive sentiment reversal came after the release of the month on month consumer price index report.\u00a0 Source: WhaleStats The US Federal Reserve recently released multiple macro indicators that show a somewhat improving macro situation. MoM CPI stood stagnant at 0.5% with the year on year CPI going down from 6.5% to 6.4%.\u00a0 Consumer spending has also increased, showing that individuals have more confidence in the macroeconomic situation. These are signs of the Fed\u2019s aggressive quantitative tightening measures. Related Reading: CRV Daily Volume Peaks To Over $1 Billion In Past 24 Hours However, with the CPI still being high, the central bank might enact more interest rate hikes. This hawkish sentiment has already been explored, with the Fed eyeing more interest rate hikes since its last rate hike.\u00a0 Saying here what I just said in the main TG chat (overrun by fudders and Shadowcats). Go enjoy Vday. Tomorrow my 1st of a series of mediums introducing the world to Shibarium will be released. The bow fit nicely, but I’m not releasing anything until @kaaldhairya is done mourning. \u2014 Shytoshi\u2122 (@ShytoshiKusama) February 14, 2023 Shibarium Upgrade Eyeing Close Release Kusama recently tweeted about how the network upgrade is close to being released. This release might be in early March, instead of the supposed Valentine\u2019s Day release. With Kusama releasing the first blog post regarding the network upgrade, we might see a big price movement for SHIB on the day of the release.\u00a0 SHIB total market cap at $7.1 billion on the daily chart | Chart: TradingView.com Related Reading: Ethereum Tightens Grip On $1,500 As ETH Drops 7% In The Last Week At $0.00001192, Bulls Should Overcome This Level The token\u2019s current momentum is being stopped on its tracks by the resistance level at $0.000014. This resistance, if not broken in a shorter time frame, might restrict SHIB\u2019s short to medium term goal. For the meantime, investors and traders should continue to target this resistance for a bigger move upwards.\u00a0 -Featured image from Pinterest<\/p>\n","protected":false},"author":557,"featured_media":519976,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[134,85699,3505,83668,85817,83667],"class_list":["post-519967","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-altcoin","tag-memecoin","tag-price-analysis","tag-shib","tag-shib-whales","tag-shiba-inu"],"acf":[],"yoast_head":"\nShiba Inu Whale Scoops 50 Billioni SHIB In Last 24 Hours<\/title>\n<meta name=\"description\" content=\"There's been much hype around Shibarium since 2023 has started. It is a Layer 2 solution proposed by Ryoshi, the creator of Shiba Inu. 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But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats \u2013 a testament to his dedication to his furry companions (more on that later). Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin\u2019 helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. So, the next time you tread into the world of cryptocurrency, remember the man behind the words \u2013 the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.","sameAs":["jomarjet01"],"url":"https:\/\/ktsl888.com\/author\/jomarjet01\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Shiba Inu Whale Scoops 50 Billion SHIB In Single Day After Earlier Ditching Bigger Amount","url":"http:\/\/ktsl888.com\/news\/shiba-inu-whale-scoops-50b-shib\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/ktsl888.com\/news\/shiba-inu-whale-scoops-50b-shib\/"},"thumbnailUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/02\/a-33.png?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/02\/a-33.png?fit=526%2C334"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Christian Encila"}],"creator":["Christian Encila"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["altcoin","memecoin","price analysis","shib","shib whales","shiba inu"],"dateCreated":"2023-02-17T05:10:06Z","datePublished":"2023-02-17T05:10:06Z","dateModified":"2023-02-17T05:10:06Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Shiba Inu Whale Scoops 50 Billion SHIB In Single Day After Earlier Ditching Bigger Amount\",\"url\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/shiba-inu-whale-scoops-50b-shib\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/shiba-inu-whale-scoops-50b-shib\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2023\\\/02\\\/a-33.png?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2023\\\/02\\\/a-33.png?fit=526%2C334\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Christian Encila\"}],\"creator\":[\"Christian Encila\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"altcoin\",\"memecoin\",\"price analysis\",\"shib\",\"shib whales\",\"shiba inu\"],\"dateCreated\":\"2023-02-17T05:10:06Z\",\"datePublished\":\"2023-02-17T05:10:06Z\",\"dateModified\":\"2023-02-17T05:10:06Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/ktsl888.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/02\/a-33.png?fit=526%2C334","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/519967"}],"collection":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/users\/557"}],"replies":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/comments?post=519967"}],"version-history":[{"count":0,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/519967\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media\/519976"}],"wp:attachment":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media?parent=519967"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/categories?post=519967"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/tags?post=519967"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}