"$310 million SHIB bomb launched towards Coinbase! The giant whale unsheathes its sword at midnight, is the Dog King about to do something big?" Crypto friends, take a quick look, analysis of on-chain nuclear-level anomalies!
Decoding giant whale actions
Mysterious large holder crazily dumped 25.4 billion SHIB (≈ $31.6 million) directly into Coinbase institutional accounts!
Key clue: Unknown wallet → Coinbase Institutional (Note! Not a retail channel)
My bold theory: There are only two possibilities for this operation — institutional bulk buying or giant whales using the platform to offload!
The market reaction hides deadly traps
Price playing dead: SHIB has only risen 0.1% in 24 hours (current price $0.000012482), reminiscent of the calm before the storm
Trading volume flat: Only 3.6 billion SHIB traded in 24 hours, retail investors are all waiting for giant whales to flip the table!
The life-and-death struggle of bulls and bears: Good news VS bad news
Bullish script, bearish script, Coinbase institutional takeover = traditional capital entry, giant whales transferring to exchanges = classic selling signal. Enhancing SHIB's credibility to attract following trades. $310 million selling pressure can smash through the Earth's core. RSI 40.97 suggests rebound potential. MACD near zero axis = bullish-bearish deadlock.
I slam the table: The technical aspects are all smoke and mirrors! What we're betting on now is what the giant whale dad's next move will be — will it be to ignite the rally or a nuclear washout?
Blood and tears case as a warning
Similar script as in May 2023: A certain giant whale transferred 200 billion SHIB to the exchange, causing the coin price to plummet by 37%, and leveraged players collectively bungee jumped off the rooftop!
Counterattack case: After institutions shifted to SHIB in January this year, the Dog King surged 58% in a single week, making early investors overnight millionaires!
Conclusion: Giant whale intervention = high risk, high reward; inexperienced investors rushing in ≈ sending themselves to the slaughter!
Retail survival guide
Short-term speculators:
Keep a close eye on Coinbase on-chain data! If there are consecutive ten-million level buy orders, lightly chase the rise!
If a selling wall accumulates in the depth chart, run faster than a dog!
Long-term coin holders:
The giant whale's selling pressure = discount buying opportunity, but only dare to use spare money to accumulate in batches!
Remember: 'Institutional entry ≠ immediate surge', it may consolidate for three months!
Ultimate advice:
Stay away from leverage! When giant whales fight, high-leverage contracts are just human fuel!
Is it cold on the rooftop? Follow me, and I'll teach you how to counterattack in the crypto space!
