A massive 2.54 trillion Shiba Inu (SHIB) tokens — worth over $31.6 million — were recently moved from an unknown wallet to Coinbase Institutional, as reported by Whale Alert.
Such a large transfer hints at growing interest from whales and institutional investors. This could suggest upcoming market volatility, as big players often move markets — especially in meme tokens like SHIB.
Why It Matters:
Institutional involvement usually adds credibility and may signal upcoming price action.
If large investors are buying, SHIB’s price could rise, especially if market sentiment improves.
However, if this is a sell-off, it might signal short-term pressure on price.
What the Charts Say:
SHIB is currently trading at $0.00001248, up 0.10% over the last 24 hours.
Volume hit 3.6 billion SHIB, showing moderate trading interest.
ADX at 27.19 suggests a mildly strong trend.
MACD and its histogram show neutral momentum, signaling consolidation.
RSI is at 40.97, showing room for upward movement before hitting oversold levels.
The Bottom Line:
Whether this move is accumulation or distribution, it’s a signal worth watching. Traders should track SHIB’s momentum closely — especially with Coinbase Institutional in the mix. It could either be the calm before a rally or a hint at upcoming volatility.
