6 wallet addresses continue to accumulate SHIB token after 2 years: they withdrew 482B SHIB ~ $10.66M from Coinbase.I see that today memecoins continue to increase strongly and then adjust according to BTC like most of the tokens in crypto market, SHIB also has quite crazy fluctuations at the peak but considering the week, the SHIB token price is still increasing and attracting the attention of new investors. I think if we could access information related to the whales's SHIB accumulation a little earlier, we could make a profit by buying a lot of SHIB at low prices and easily hold it until the end of the cycle. If we just buy SHIB now, it is quite risky and the profits are no longer attractive enough.
For the past two years, a select group of six wallet addresses have been steadily accumulating SHIB. The synchronized timing and volume of these withdrawals strongly suggest coordinated activity by whales[2].
I see that today memecoins continue to increase strongly and then adjust according to BTC like most of the tokens in crypto market, SHIB also has quite crazy fluctuations at the peak but considering the week, the SHIB token price is still increasing and attracting the attention of new investors. I think if we could access information related to the whales's SHIB accumulation a little earlier, we could make a profit by buying a lot of SHIB at low prices and easily hold it until the end of the cycle. If we just buy SHIB now, it is quite risky and the profits are no longer attractive enough.SHIB price increased so much, x4 after more than 1 week, outperforming DOGE and will probably continue to increase in the uptrend. Accumulating from whales could signal SHIB's return to their strong pump portfolio this season. I don't follow the Memecoins so I just stand on the sidelines and watch, I hope that memecoins will help the market gain new investors, new cash flow, new motivation, new ATH.
6 Wallet addresses that probably:It is difficult to know exactly who is behind these addresses, but we can know that SHIB is being accumulated by selected whales and SHIBs in their scheme to manipulate the market.
1. Owned by 6 rich people.
2. Owned by only 1 very rich person
3. Owned by 1 huge company that's using 6 wallet addresses to spread it out.
4. Owned by 6 different groups coordinating with each other. Kind of like crowdsourcing per se.
Whatever the case is, meme coin has always been a place where whales can just manipulate its price. Correct me with this one, but I believe it's the same case with DOGE where there are a few addresses that hold a huge percentage of the supply of DOGE. I can't remember if this is true, but if somebody will share it here, it would be beneficial not for me only, but for others as we.. ;)
I want to buy meme coins in preparation for the bull run (experiment only), but it seems like the market will not go down anytime soon or at least make a correction. Maybe I'll wait until the halving event happens. I might buy SHIB in the future, but of course for the short term hold only. :D Kind of a flip.