Shiba Inu (SHIB) tokens worth a staggering $3.2 million have made their way onto Coinbase, according to recent data on Etherscan. This substantial transaction, involving a jaw-dropping 425 billion SHIB tokens, has raised eyebrows within the cryptocurrency community.
The timing of this move couldn’t be more intriguing, as Shiba Inu has been experiencing a rollercoaster ride alongside the broader crypto market.
Shiba Inu’s recent price action has been nothing short of dramatic. It surged in tandem with other cryptocurrencies but is now confronting significant resistance. The pivotal 50 EMA (Exponential Moving Average) level stands as a crucial test for the token’s short-term trajectory.
Should SHIB fail to break through this resistance, a potential trend reversal could be on the horizon, possibly catalyzed by large-scale sell-offs, much like the mammoth transaction to Coinbase.
Although $3.2 million might not be a tidal wave in SHIB’s liquidity pool, it does invite some intri
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