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CryptoIntelligence 2024-05-07 00:38:00

Smart Whale Activity Signals Bullish Trends for Shiba Inu as Major Purchases Uncovered

Tracking the activities of highly capitalized crypto addresses, often referred to as “smart whales,” can offer critical insights for traders and investors in the volatile cryptocurrency market. A notable example occurred on May 1, when an anonymous wallet completed a significant transaction on the Robinhood exchange by purchasing 1.75 trillion Shiba Inu (SHIB) tokens for about $40 million. According to Whale Alert, this large buy involved two quick transfers, each moving 875 billion SHIB within a minute. The funds moved from Robinhood to the wallet address ‘0x73AF3bcf944a6559933396c1577B257e2054D935,’ which has frequently interacted with SHIB on Robinhood, indicating sustained involvement in its

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