Shiba Inu (SHIB) Witnesses Epic Whale Activity Spike Amid Coinbase Outflows

Shiba Inu (SHIB) experiences substantial whale movements, potentially linked to market-maker involvement

ecosystem, particularly involving substantial transfers of SHIB tokens. A transfer totaling $11.9 million in SHIB was noted, directed toward the address tokens over the preceding five days. Further examination reveals a trend spanning eight months, with significant quantities of SHIB tokens moving between various unknown wallets before reaching the destination at"0xB22.

Of particular interest is the suspected association of these transactions with addresses believed to be linked to DV Chain, a recognized liquidity provider and market maker in the crypto space. Although no direct confirmation of DV Chain's involvement exists, the simultaneous presence of smaller transfers from Coinbase Prime wallets adds complexity to the situation.

Gamza graduated with a degree in finance and credit with a specialization in securities and financial derivatives. He then also completed a master's program in banking and asset management. He wants to have a hand in covering economic and fintech topics, as well as educate more people about cryptocurrencies and blockchain.ApeX Protocol Launches ApeX Grid Bot With Negative 0.002% Fees across 45+ Perpetual Markets

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