Shiba Inu Whale Activity Surges with 1 Trillion Tokens Moving to Exchanges

The second-largest memecoin, Shiba Inu (SHIB), is experiencing increased whale activity. Over 1 trillion SHIB tokens moved to exchanges in the last 24 hours, signaling potential price volatility.

Key Points

  • Santiment reported a significant rise in SHIB whale transactions on Dec. 8, with 406 transactions over $100K.
  • Exchange reserves increased by 1.06 trillion SHIB, bringing the total to 136.95 trillion tokens at exchanges.
  • The surge follows recent Shibarium exploit revelations and massive token outflows from Coinbase.

Shiba Inu whale transactions | Source: Santiment

Price Implications

  • SHIB price rose 1.82%, trading at $0.000008583 with a 13% increase in daily volumes.
  • Analyst Crypto Patel highlighted SHIB's support zone between $0.0000080 and $0.0000060, suggesting potential gains if trends repeat.

Maxi Doge (MAXI) Presale Success

  • Maxi Doge (MAXI) meme coin raised over $4.2 million in its presale.
  • The project features community engagement, staking, and trader rewards.
  • The presale allocates 40% of tokens for public sale with a hard cap of $15.76 million, after which it will list on decentralized exchanges.