Massive SHIB Transfer Raises Concerns As Analyst Forecasts Bullish Breakout for Shiba Inu

• A massive movement of 2 trillion SHIB tokens from Robinhood to an undisclosed wallet raises eyebrows, sparking speculation.
• Analyst predicts a breakout for SHIB, targeting $0.000072323, advising buy orders around $0.000018343 to capitalize.
• Inadvertent burns of 2 billion SHIB tokens reduce circulating supply, potentially boosting demand and price pressure.

Whale Alert, a renowned blockchain tracker, identified a big movement of Shiba Inu (SHIB) meme currencies on the famous investment site Robinhood. Nearly two trillion SHIB tokens were moved to an unidentified wallet, raising questions in the crypto world.

875,000,000,000 #SHIB (19,666,682 USD) transferred from #Robinhood to unknown wallethttps://t.co/hxSvwFxC0E

— Whale Alert (@whale_alert) May 1, 2024

Over the past eight hours, a mysterious wallet identified as -4D935 has acquired two massive chunks, each containing 875 billion SHIB tokens, totaling 1.75 trillion SHIB. This transaction, valued at $39.2 billion, has sparked speculation about the intentions behind the transfer.

Meanwhile, cryptocurrency expert Ali Charts has seen a bullish pattern building on the daily trading chart of SHIB. Ali pred…

The post Massive SHIB Transfer Raises Concerns As Analyst Forecasts Bullish Breakout for Shiba Inu appeared first on Coin Edition.