SHIB: 6 wallet addresses withdrew 482B SHIB ~ $10.66M from Coinbase (2024.03.04)

[MrSpasybo]

SHIB - a decentralized meme token launched in August 2020. It's based on the Ethereum blockchain and has a vast circulating supply, currently at 589T SHIB^[1].

I - Onchain data from 52Hz Onchain (in Vietnamese)

6 wallet addresses continue to accumulate SHIB token after 2 years: they withdrew 482B SHIB ~ $10.66M from Coinbase.

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].

Interestingly, these same wallets were identified as key accumulators before SHIB's explosive price surge in 2021. Now, their continued buying spree suggests they remain bullish on SHIB's potential. Notably, none of the accumulated tokens have been moved yet, further hinting at their long-term confidence in the project.

II - Technical analysis (Weekly chart)

SHIB token price is being supported very well by Weekly EMA34 (Sonic-R) and is breaking out on Kumo Cloud (Ichimoku), reaffirming the growth trend of SHIB token.

[1] Coinmarketcap: SHIB
[2] Money Flow

[KryptoBull]

6 wallet addresses continue to accumulate SHIB token after 2 years: they withdrew 482B SHIB ~ $10.66M from Coinbase.

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.

[Trongduy]

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.

Congratulations to those who have SHIB and have extremely high profits!

[Captain Corporate]

Too many people think that these are all different people, but I support the idea that it could be just one person, or one organization, or a company whatever you want to name it. Not six different rich people. Plus when you think about it in 10 million terms, I highly doubt that it would be six people, this is a company, why? Because you would need to be people who worth over 100+ million dollars easily, probably over a billion dollars, to spare 10 million into shiba, or even if they got in lower, still a lot of money. Whereas if we are talking about a company, that should not be all that difficult to handle at all.

[LogitechMouse]

6 Wallet addresses that probably:
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. Kind of a flip.

[MrSpasybo]

6 Wallet addresses that probably:
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. Kind of a flip.

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.

I also don't dare to trust memecoins coin. If I invest in memecoins, I can only choose DOGE, SHIB, PEPE and FLOKI, and put a small part of my capital into them. However, I still hope the memecoins trend will return and create maximum FOMO in the market, helping the crypto market be more promoted and known!