Shiba Inu Set for Potential 138% Rally Amid Increased Whale Activity

Shiba Inu (SHIB) has seen a 3% price increase with daily trading volumes rising by 40% to $277 million amid a broader crypto market rally.

Potential Price Rally

  • Analyst Javon Marks predicts a potential 138% surge for SHIB, possibly reaching $0.000032.
  • The token is consolidating within a symmetrical triangle; a breakout above $0.00001412 could trigger further gains.
  • SHIB burn rate increased by 438%, improving market sentiment.

Mystery Whale Activity

  • A Shiba Inu whale moved 1 trillion SHIB tokens, valued at $13 million, marking significant accumulation.
  • Transfers included a 532.8 billion SHIB move via Wintermute hot wallet, followed by smaller and larger transactions.

Shiba Inu whale moves 1 trillion coins. | Source: Arkham Intelligence

ETF Discussions

  • Shiba Inu may approach its first ETF launch due to recent regulatory changes.
  • Coinbase’s SHIB futures under the “1k Shib Index” may aid in securing a spot ETF under the new SEC rules.

Maxi Doge Presale Update

  • Maxi Doge has raised over $2.3 million in its presale, gaining traction among meme coin enthusiasts.
  • Current price of Maxi Doge is $0.000258 with plans to hit $2.5 million milestone soon.