The post SHIB, XRP, and Other Altcoins See Surge in Whale Activity – Is It Time to Worry? appeared first on Coinpedia Fintech News

In an unexpected turn of events, the cryptocurrency market is currently abuzz with heightened whale activity, specifically involving Shiba Inu (SHIB), XRP, and a couple of other altcoins. The question that naturally arises is whether these whales are orchestrating a massive sell-off.

Here’s everything you need to know.

Shiba Inu’s Roller Coaster Ride

The meme-fueled Shiba Inu token (SHIB) has recently been a hot topic of discussion, experiencing a remarkable price surge earlier this month. However, the landscape has since shifted, and SHIB is now undergoing a substantial retracement.

Recent data from the Etherscan tracker has revealed a staggering transfer of 44 billion SHIB tokens, orchestrated by crypto whales, leaving the community both astonished and intrigued.

Read More: Shiba Inu Price Analysis: With Shibarium Live, Will SHIB Price Complete A Bullish Maneuver?

Whale Moves Have Captured Eyeballs

These significant transactions were carried out through a mere 12 transfers, each involving a varying range of one to eight billion SHIB tokens per transfer. The tokens were notably transferred from well-known exchanges such as Crypto.com, Binance, OKX, and Coinbase.

Binance takes the spotlight, as a jaw-dropping 12.4 billion SHIB tokens set off on their journey, split into chunks as massive as eight billion tokens per segment. The remaining 44 billion SHIB tokens were shuffled among undisclosed wallets and exchanges.