Derivatives trading products saw rapid growth, suggesting that professional traders were actively seeking exposure to cryptocurrencies.
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On Tuesday, the U.S. government once again shifted some cryptocurrency holdings—this time, it was shiba inu (SHIB), the popular meme coin. Crypto Mystery: U.S. Marshals Service Wallet Hoards SHIB, ETH, and BUSD The government moved a staggering 54 billion SHIB on Dec. 3, a transfer flagged by Arkham Intelligence. Valued at $1.56 million based on […]
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The mysterious investor made an over 250,000-fold return on his initial investment of just $10,000, which is worth over $2.5 billion today.
]]>In a strategic move over the past three hours, the entity known as 0x761, an early buyer of SHIB who once profited $145 million, has made significant adjustments in their cryptocurrency portfolio. Notably, they have swapped their holdings in “Neiro Ethereum” for “First Neiro on Ethereum,” marking a substantial shift in their investment strategy. Here’s a breakdown of their recent transactions: Initially, 0x761 sold all 17.5 million units of “Neiro Ethereum” for 1.22 million USDT, realizing a loss of $1.49 million (-55%) after holding the tokens for a month. In contrast, they purchased 841.6 million units of “First Neiro on
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]]>Shiba Inu ($SHIB) has experienced an impressive surge of 43% over the past nine days, showcasing a significant increase in on-chain activity that outpaces many altcoins and other meme coins. Key indicators such as trading volume, circulation, and whale transactions have all hit ten-week highs, reflecting heightened interest and fear of missing out (FOMO) among investors. Additionally, SHIB’s social dominance has risen, suggesting that the buzz around the token is considerable, potentially signaling an approaching local top. 
Shiba Inu has surged +43% in the past 9 days with on-chain activity notably surging compared to altcoin alternatives and other meme
The post Shiba Inu Sees 43% Surge As On-Chain Activity Reaches New Highs appeared first on The Merkle News.
]]>In the past hour, a prominent early SHIB investor made headlines by swapping 1,003 $ETH, worth $2.31 million, for 2.86 billion $NEIRO, even after the meme coin experienced a 17x surge in value. This whale previously gained a massive $145 million from $SHIB during the 2021/22 bull run. However, two out of their last three trades, including $NEIRO and a subsequent $SHIB trade, haven’t fared as well, leading to losses of $13.48 million. On the brighter side, the whale executed a smart trade on August 30 by offloading their underperforming $SHIB holdings and acquiring 3.114 million $FET. That trade is
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]]>Kraken’s latest move to include Shiba Inu (SHIB), Pepe Coin (PEPE), and Dogwifhat ($WIF) as collateral for futures trading is drawing significant attention. These tokens, once regarded merely as meme coins, are now gaining serious traction in the futures market. By allowing these assets to be used as collateral, Kraken is adding a new layer of flexibility to the market, which is increasing the visibility and interest in these tokens. The excitement around this development is fueling speculation about potential price rallies. Shiba Inu has already seen a 1.58% increase, raising questions about whether Pepe Coin and Dogwifhat can follow
The post Kraken Adds SHIB, PEPE, and WIF ays Futures Collateral: Is A Meme Coin Rally On The Horizon? appeared first on The Merkle News.
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Shiba Inu’s marketing head has shared plans for a DAO that will allow SHIB holders to have a say in the future direction of the memecoin project.
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WazirX, one of the largest crypto exchanges in India, lost $235 million to a multisig wallet security breach in July 2024.
]]>Shiba Inu (SHIB) has experienced a significant price drop following the recent exploit on WazirX, a prominent Indian cryptocurrency exchange. The hack resulted in the theft of 5.4 trillion SHIB, causing widespread concern among investors and triggering a 9% decline in the token’s value to $0.00001726. 5.4T $SHIB has been taken from the WazirX exchange. These assets are likely to be sold for #Ethereum at any time. pic.twitter.com/pI5qrKXA5w — CryptoQuant.com (@cryptoquant_com) July 18, 2024 In the past two hours, the hacker’s address has transferred 801 billion SHIB to the address 0x35fe…745CA. This transfer represents 14.74% of the stolen SHIB and
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