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Crypto Discussion Forum => Cryptocurrency Trading => Cryptocurrency Price Speculations => Topic started by: MrSpasybo on March 08, 2024, 07:51:04 PM

Title: SHIB: Whales move tokens to erase traces (2024.03.08)
Post by: MrSpasybo on March 08, 2024, 07:51:04 PM
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.

I - Onchain data from 52Hz Onchain (https://t.me/Onchain52Hz/5645) (in Vietnamese)
I translated the 52Hz Onchain's post from Vietnamese to English, with refinements and explanations of crypto market slangs. I will present text + images so we can view, quote and discuss more easily. I think this is better than sending a simple link.

9 fresh addresses withdrew a total of 561B SHIB ~$18M from Coinbase[1].

(https://talkimg.com/images/2024/03/08/y1mBv.jpeg)

But a few minutes before that, there was also a Whale address that had moved to CEX 1.34T SHIB ~$43M[2]. This amount of SHIB was accumulated by whale 2 years ago.

(https://talkimg.com/images/2024/03/08/y1M3b.jpeg)

>> Most likely this is an address conversion action through Coinbase to erase traces.

This shows that although SHIB token price has increased sharply recently, whales have not yet made significant profit-taking moves. Their transfer of SHIB tokens between addresses and CEXs may be intended to hide the origin and traces of transactions.

This event can be interpreted in two cases:

But with Whale's long-term accumulation, case 1 is more likely. At the same time, if whales wanted to take profits, they could have done so sooner given the recent sharp increase in SHIB price. However, the fact that they have not yet sold may indicate expectations of further price increases.

II - Technical analysis (Weekly chart)

RSX and MACD are showing that SHIB is in a strong price increase. The last 2 weekly candlesticks have amplitudes of +133% and +55%, respectively, confirming SHIB's price increase.

I personally still believe that when the memecoins trend returns, SHIB will still be one of the tokens that receive attention and cash flow from investors.

(https://www.tradingview.com/x/0FuWoelK/)

[1] Follow Whale fresh (https://scan.0xscope.com/moneyFlow/0x34e175928e50d08908ac9a5a705e786b0378926f?id=1765984070384259072&network=eth&pp=52Hz)
[2] Whale deposit 1.34T SHIB  (https://scan.0xscope.com/address/0x02c9dd643d3fa43d90e9b2546047deb654f3841e?network=eth&pp=52Hz)
[>] SHIB: 6 wallet addresses withdrew 482B SHIB ~ $10.66M from Coinbase (2024.03.04) (https://www.altcoinstalks.com/index.php?topic=318822.0)
Title: Re: SHIB: Whales move tokens to erase traces (2024.03.08)
Post by: Captain Corporate on March 08, 2024, 09:05:31 PM
Is this a different one than the one that happened just a few days ago? I remember that you wrote something quite similar to this just a few days ago, so I feel like its not going to really end up being all that different on this one neither. People are reacting to meme projects ups and downs and I got used to it a bit, but now we are talking about every single big movement that happens with it as well? Hell I am the one in the wrong here, if I do not care about such a horrible meme project, why am I even here judging people who talk about it or care about it? I obviously am writing about it too, we should all stop and ignore it.
Title: Re: SHIB: Whales move tokens to erase traces (2024.03.08)
Post by: Trongduy on March 10, 2024, 05:15:58 AM
But with Whale's long-term accumulation, case 1 is more likely. At the same time, if whales wanted to take profits, they could have done so sooner given the recent sharp increase in SHIB price. However, the fact that they have not yet sold may indicate expectations of further price increases.

I personally still believe that when the memecoins trend returns, SHIB will still be one of the tokens that receive attention and cash flow from investors.
Whales also know that investors are monitoring onchain data so they want to hide their tracks and plans. I see they continue to accumulate and there is no force to sell SHIB, so I still believe that this memecoin will continue to grow in the future. We are just starting to enter the altcoin season, there is no reason for whales to sell off and lose their beautiful positions with SHIB buying prices at extremely low prices in 2023.

Memecoin seems fun, but it turns out it's also a good target for whales to earn huge profits!
Title: Re: SHIB: Whales move tokens to erase traces (2024.03.08)
Post by: jeraldskie11 on March 10, 2024, 09:05:48 AM
But with Whale's long-term accumulation, case 1 is more likely. At the same time, if whales wanted to take profits, they could have done so sooner given the recent sharp increase in SHIB price. However, the fact that they have not yet sold may indicate expectations of further price increases.

I personally still believe that when the memecoins trend returns, SHIB will still be one of the tokens that receive attention and cash flow from investors.
Whales also know that investors are monitoring onchain data so they want to hide their tracks and plans. I see they continue to accumulate and there is no force to sell SHIB, so I still believe that this memecoin will continue to grow in the future. We are just starting to enter the altcoin season, there is no reason for whales to sell off and lose their beautiful positions with SHIB buying prices at extremely low prices in 2023.

Memecoin seems fun, but it turns out it's also a good target for whales to earn huge profits!
They think that they can really hide their steps but in reality it can be traceable. They know that the alt season is yet to come that's why they keep accumulating Shib and those new investors who really don't know what they're doing will suffer loses. Alt season is what we are waiting for, because most of us have investments in alts than Bitcoin, so when it's happened we will take huge profits.
Title: Re: SHIB: Whales move tokens to erase traces (2024.03.08)
Post by: MrSpasybo on March 11, 2024, 05:31:34 PM
Is this a different one than the one that happened just a few days ago? I remember that you wrote something quite similar to this just a few days ago, so I feel like its not going to really end up being all that different on this one neither. People are reacting to meme projects ups and downs and I got used to it a bit, but now we are talking about every single big movement that happens with it as well? Hell I am the one in the wrong here, if I do not care about such a horrible meme project, why am I even here judging people who talk about it or care about it? I obviously am writing about it too, we should all stop and ignore it.
A few days ago, there was only event of whales withdrawing 482B SHIB from Coinbase, this time it was suspected that whales were trying to erase their tracks to hide their plan to manipulate SHIB price chart. It's a little different so I decided to create another topic so we can see the new whale actions through Coinbase.

Unlike DOGE, SHIB is becoming the favorite memecoin and chosen by whales to manipulate to generate profits in the upcoming cycle. I wouldn't be surprised if in the next few weeks, SHIB will have a new ATH and get back into the memecoins race with DOGE.
Title: Re: SHIB: Whales move tokens to erase traces (2024.03.08)
Post by: philipma1957 on March 27, 2024, 11:58:40 PM
Is this a different one than the one that happened just a few days ago? I remember that you wrote something quite similar to this just a few days ago, so I feel like its not going to really end up being all that different on this one neither. People are reacting to meme projects ups and downs and I got used to it a bit, but now we are talking about every single big movement that happens with it as well? Hell I am the one in the wrong here, if I do not care about such a horrible meme project, why am I even here judging people who talk about it or care about it? I obviously am writing about it too, we should all stop and ignore it.
A few days ago, there was only event of whales withdrawing 482B SHIB from Coinbase, this time it was suspected that whales were trying to erase their tracks to hide their plan to manipulate SHIB price chart. It's a little different so I decided to create another topic so we can see the new whale actions through Coinbase.

Unlike DOGE, SHIB is becoming the favorite memecoin and chosen by whales to manipulate to generate profits in the upcoming cycle. I wouldn't be surprised if in the next few weeks, SHIB will have a new ATH and get back into the memecoins race with DOGE.

it is easy to call doge just a meme coin, but it is a huge pow coin generates vast mining profit and in about 3 weeks when btc 1/2 s it will be more profitable in comparison to btc.
Title: Re: SHIB: Whales move tokens to erase traces (2024.03.08)
Post by: MrSpasybo on March 28, 2024, 05:01:27 PM
it is easy to call doge just a meme coin, but it is a huge pow coin generates vast mining profit and in about 3 weeks when btc 1/2 s it will be more profitable in comparison to btc.
I think DOGE has always been a memecoin, and it is the KING of memecoins! This is a recognition of DOGE's role in this crypto market.

Usually, altseason will come after BTC Halving and it is possible that DOGE's price performance will be greater than BTC. I don't have DOGE in my portfolio but I will always wish that DOGE investors will receive great profits like what happened in the bullruns of 2017 and 2021  ;D
Title: Re: SHIB: Whales move tokens to erase traces (2024.03.08)
Post by: milewilda on March 28, 2024, 06:07:56 PM
it is easy to call doge just a meme coin, but it is a huge pow coin generates vast mining profit and in about 3 weeks when btc 1/2 s it will be more profitable in comparison to btc.
I think DOGE has always been a memecoin, and it is the KING of memecoins! This is a recognition of DOGE's role in this crypto market.

Usually, altseason will come after BTC Halving and it is possible that DOGE's price performance will be greater than BTC. I don't have DOGE in my portfolio but I will always wish that DOGE investors will receive great profits like what happened in the bullruns of 2017 and 2021  ;D
Well we do have our own choices whether DOGE or SHIB or some other meme coins then we would really be having that personal choice on which its never been that shocking thing.
Going back into OP about those whales are trying out to cover up their traces then its their decisions on doing so on which we know that CEX could really be able to erase it up
but partitioning into different wallets could really be still seen and be monitored considering that coin holders could be seen but the good thing that once its been
that scattered then there's no way for people to find out on whose been owning those coins. It is really that totally that a huge amount we've been talking on here
and that whales does have the huge belief about SHIBs potential that even up to now he didnt still take his profits.
Title: Re: SHIB: Whales move tokens to erase traces (2024.03.08)
Post by: MrSpasybo on March 29, 2024, 08:53:21 PM
Well we do have our own choices whether DOGE or SHIB or some other meme coins then we would really be having that personal choice on which its never been that shocking thing.
Going back into OP about those whales are trying out to cover up their traces then its their decisions on doing so on which we know that CEX could really be able to erase it up
but partitioning into different wallets could really be still seen and be monitored considering that coin holders could be seen but the good thing that once its been
that scattered then there's no way for people to find out on whose been owning those coins. It is really that totally that a huge amount we've been talking on here
and that whales does have the huge belief about SHIBs potential that even up to now he didnt still take his profits.
By using fresh addresses, whales can cover up their token movement tracks, but they cannot erase them because all information can be traced on the blockchain, albeit not easily. These actions by the whales show that they are still optimistic about the potential of SHIB in this cycle, and we are still only in the early stages of the bull run, so I believe that we will not see whales cash out on the SHIB they have been accumulating for months. I think the sell-off will happen in late 2025, when the market will be really hot and investors will be extremely FOMO.
Title: Re: SHIB: Whales move tokens to erase traces (2024.03.08)
Post by: JoyMarsha on May 27, 2024, 11:20:28 PM
Despite this, I am thinking of a time when this whale would think of selling or dumping their Shiba Inu in the market. The effects it would have on the price when the whale chooses to sell for huge profits.

I know a time will come when the whales would love to sell their big accumulation of Shiba Inu for massive profits.

Those investing or accumulating Shiba Inu should better think of when to sell off for profits than hodling Shiba Inu for long, when the whale would decide to dump his or her Shiba Inu on them
Title: Re: SHIB: Whales move tokens to erase traces (2024.03.08)
Post by: Captain Corporate on May 29, 2024, 12:17:00 AM
There isn't really any shocking new thing here, we are going to go have a bull run, so either case works. Either they think that bull run will make shiba go up as well, or they think that they should have something else during this period, meaning that it would be smart to sell their shiba and get something else before the halving. That works in either case, and I feel like it would definitely be a good idea. I personally would suggest the second one, they should get rid of all the shiba they have, having tens of millions of dollars worth of shiba doesn't make sense, and I think we should consider selling and getting something else as the better option.
Title: Re: SHIB: Whales move tokens to erase traces (2024.03.08)
Post by: MrSpasybo on May 29, 2024, 08:48:21 PM
There isn't really any shocking new thing here, we are going to go have a bull run, so either case works. Either they think that bull run will make shiba go up as well, or they think that they should have something else during this period, meaning that it would be smart to sell their shiba and get something else before the halving. That works in either case, and I feel like it would definitely be a good idea. I personally would suggest the second one, they should get rid of all the shiba they have, having tens of millions of dollars worth of shiba doesn't make sense, and I think we should consider selling and getting something else as the better option.
I believe that SHIB is really being handpicked by the whales and it will become one of the most price volatile tokens in this bullrun thanks to the narrative about memecoins + DeFi + Layer-2. I do not have any investment advice, I just provide onchain data that is tracked by 52Hz for SHIB investors to refer to.

Each investor has a different investment appetite, I personally think that SHIB is a potential token in this market because it has a large community and is accumulated by many whales. For the time being I do not have SHIB in my portfolio, I do not accumulate ALTS before BTC halving, but I may buy some SHIB for fun when the bullrun takes place in Q4 2024 and Q1 2025 ^^

(https://www.tradingview.com/x/Cw5E3e0Y/)
Title: Re: SHIB: Whales move tokens to erase traces (2024.03.08)
Post by: MUGNIA on August 07, 2024, 02:41:22 PM
There isn't really any shocking new thing here, we are going to go have a bull run, so either case works. Either they think that bull run will make shiba go up as well, or they think that they should have something else during this period, meaning that it would be smart to sell their shiba and get something else before the halving. That works in either case, and I feel like it would definitely be a good idea. I personally would suggest the second one, they should get rid of all the shiba they have, having tens of millions of dollars worth of shiba doesn't make sense, and I think we should consider selling and getting something else as the better option.
I agree with you, rather than keeping shiba, it is better to keep more coins which can even provide short-term profits compared to holding shiba which is difficult to increase.
Title: Re: SHIB: Whales move tokens to erase traces (2024.03.08)
Post by: target on August 07, 2024, 04:11:06 PM

They are accumulaing since so I could onky afree to the first  analysis about whales just waiting for the pice to shoot up that from then, they will just find the right moment to sell. 

Most probably they are waiting for the bull run to reachnits peak unfortunately I think bull run is delayed because of the crash in the stock and crypto market.

I did not read the reference but its also interesting why erase the trace?
Title: Re: SHIB: Whales move tokens to erase traces (2024.03.08)
Post by: MrSpasybo on August 09, 2024, 06:02:19 PM

They are accumulaing since so I could onky afree to the first  analysis about whales just waiting for the pice to shoot up that from then, they will just find the right moment to sell. 

Most probably they are waiting for the bull run to reachnits peak unfortunately I think bull run is delayed because of the crash in the stock and crypto market.

I did not read the reference but its also interesting why erase the trace?
I think whales erase the trace because they don't want their plans to be discovered through on-chain analysis tools. If plans are exposed, they might not be executed as expected. Retail investors could also buy and sell tokens like whales do, making it harder for whales to manipulate the market and gain max profit.

SHIB seems to have been forgotten in the memecoins trend, but in reality, it is still a successful memecoin with a large marketcap, technological upgrades, and is chosen by whales for accumulation. If there are no major events, I believe SHIB will have another successful bullrun with impressive price increases, such as creating a new ATH, instead of being forgotten in this market.
Title: Re: SHIB: Whales move tokens to erase traces (2024.03.08)
Post by: JoyMarsha on August 13, 2024, 11:30:06 PM
But with Whale's long-term accumulation, case 1 is more likely. At the same time, if whales wanted to take profits, they could have done so sooner given the recent sharp increase in SHIB price. However, the fact that they have not yet sold may indicate expectations of further price increases.

I personally still believe that when the memecoins trend returns, SHIB will still be one of the tokens that receive attention and cash flow from investors.
Whales also know that investors are monitoring onchain data so they want to hide their tracks and plans. I see they continue to accumulate and there is no force to sell SHIB, so I still believe that this memecoin will continue to grow in the future. We are just starting to enter the altcoin season, there is no reason for whales to sell off and lose their beautiful positions with SHIB buying prices at extremely low prices in 2023.

Memecoin seems fun, but it turns out it's also a good target for whales to earn huge profits!
They think that they can really hide their steps but in reality it can be traceable. They know that the alt season is yet to come that's why they keep accumulating Shib and those new investors who really don't know what they're doing will suffer loses. Alt season is what we are waiting for, because most of us have investments in alts than Bitcoin, so when it's happened we will take huge profits.
As we are waiting for the altcoin season, I have the price to sell each of my altcoins at heart. The moment their price gets as high as I want, I am selling immediately. I don't want to lose from my altcoin investment or let greed blind me from forgetting to have a good selling price for all the altcoin and Bitcoin I have accumulated so far.

The worst that can happen to an investor is for the whales to first dump their coins before they think of selling their coins. Imagine whales that have accumulated huge amounts of memecoins dump it in the market. The effect it will have on the price of the coin will not be a little one.
Title: Re: SHIB: Whales move tokens to erase traces (2024.03.08)
Post by: Mr. Magkaisa on August 14, 2024, 04:59:37 PM
But with Whale's long-term accumulation, case 1 is more likely. At the same time, if whales wanted to take profits, they could have done so sooner given the recent sharp increase in SHIB price. However, the fact that they have not yet sold may indicate expectations of further price increases.

I personally still believe that when the memecoins trend returns, SHIB will still be one of the tokens that receive attention and cash flow from investors.
Whales also know that investors are monitoring onchain data so they want to hide their tracks and plans. I see they continue to accumulate and there is no force to sell SHIB, so I still believe that this memecoin will continue to grow in the future. We are just starting to enter the altcoin season, there is no reason for whales to sell off and lose their beautiful positions with SHIB buying prices at extremely low prices in 2023.

Memecoin seems fun, but it turns out it's also a good target for whales to earn huge profits!
They think that they can really hide their steps but in reality it can be traceable. They know that the alt season is yet to come that's why they keep accumulating Shib and those new investors who really don't know what they're doing will suffer loses. Alt season is what we are waiting for, because most of us have investments in alts than Bitcoin, so when it's happened we will take huge profits.
As we are waiting for the altcoin season, I have the price to sell each of my altcoins at heart. The moment their price gets as high as I want, I am selling immediately. I don't want to lose from my altcoin investment or let greed blind me from forgetting to have a good selling price for all the altcoin and Bitcoin I have accumulated so far.

The worst that can happen to an investor is for the whales to first dump their coins before they think of selling their coins. Imagine whales that have accumulated huge amounts of memecoins dump it in the market. The effect it will have on the price of the coin will not be a little one.

          -      That's why it's really important to our holders that we have a target selling price for every crypto asset we hold so that we don't get caught up in greed.
Once the price is reached or touched, the price will exit immediately.

Because if there is no price target, it might just end up with small earnings instead of the big profit that we got, and it will come out in the end as if our waiting was wasted, so we must value our plan and goal as holders.
Title: Re: SHIB: Whales move tokens to erase traces (2024.03.08)
Post by: MrSpasybo on August 14, 2024, 05:57:41 PM
As we are waiting for the altcoin season, I have the price to sell each of my altcoins at heart. The moment their price gets as high as I want, I am selling immediately. I don't want to lose from my altcoin investment or let greed blind me from forgetting to have a good selling price for all the altcoin and Bitcoin I have accumulated so far.

The worst that can happen to an investor is for the whales to first dump their coins before they think of selling their coins. Imagine whales that have accumulated huge amounts of memecoins dump it in the market. The effect it will have on the price of the coin will not be a little one.
Your decision to sell your tokens could be a decisive and wise one. When BTC dropped from $74K to $49K, many ALTs divided by 3 to 5 times, or even created deeper new lows, causing investors to suffer quite significant temporary losses. I believe that if given the chance, they would want to sell their tokens at a high price point as soon as the trendline was broken and have more stablecoins to buy back more tokens now.

This also highlights the difference between a trader and a holder. A trader can take advantage of every price fluctuation opportunity in the market and manage their account better. A holder usually doesn't care about the temporary fluctuations of his account, he just want to sell tokens at their target price and at a predetermined time in the future. Personally, I think you are a very experienced and disciplined trader in the crypto market.
Title: Re: SHIB: Whales move tokens to erase traces (2024.03.08)
Post by: Mr. Magkaisa on September 13, 2024, 06:50:23 PM
        -      Recently I've been reading articles with whale investors who believe in the potential of Shiba in this bull run that we're facing right now. I'm also saving it little by little because I also believe in the meme coin that this is true.

I am accumulating it for the long term, to be honest. Then there are actually many whale investors who are buying here in Shiba Inu, and others also have other predictions as to what is possible for Shiba to reach this bull season once the price of Bitcoin starts to rally in the market.
Title: Re: SHIB: Whales move tokens to erase traces (2024.03.08)
Post by: Stompix on September 13, 2024, 07:05:42 PM
Quite interesting, despite outperforming Doge in the last 6 months Shiba is losing ground slowly, from a difference of nearly 2x it's just a thing of 1/6 and far more interesting is that the distance between them per marketcap has kept being constant although the price decreases from a 26-21 billion to a 15 to 8 billion, but of course this can also be attributed to the thing that Doge is printing 45 million worth of coins a month.

well, we have some sort of rally happening so let's see where this goes!
Title: Re: SHIB: Whales move tokens to erase traces (2024.03.08)
Post by: pieppiep on September 20, 2024, 04:54:01 AM
        -      Recently I've been reading articles with whale investors who believe in the potential of Shiba in this bull run that we're facing right now. I'm also saving it little by little because I also believe in the meme coin that this is true.

I am accumulating it for the long term, to be honest. Then there are actually many whale investors who are buying here in Shiba Inu, and others also have other predictions as to what is possible for Shiba to reach this bull season once the price of Bitcoin starts to rally in the market.
When large investors show interest well, especially in bundles such as Shiba Inu, there is undoubtedly this trend that can bring a massive increase during the bull market. One would also like to watch how the market responds to such an outcome, as the BTC rally can affect the movement of alts, such as Shiba. Amassing this coin in the long-term steadily may also prove to be a wise choice provided that support and buying volume persistently rise. However, it is always advisable to take time and check all factors while recommending them and keep an eye on the market movements.