250 billion Shiba Inu (SHIB) moved by bankrupt crypto lender, here's destination SHIB $SHIB Shibainu ShibArmy
As reported by
, the bankrupt crypto lender made a transfer of 270 billion SHIB out of its enormous SHIB supply at the start of February.At the time of publication, SHIB was up 5.15% in the last 24 hours at $0.00001369 after reaching intraday highs of $0.00001399. The move of the 250 billion Shiba Inu tokens to the Coinbase exchange was met with buying by traders, so the impact was hardly felt.
On Feb. 15, SHIB rallied as high as $0.00001388 after Shiba Inu's lead developer made it known that Shibarium beta was ready and that he would be making a series of Medium posts to introduce the Layer-2 solution.Shiba Inu rose along with other dog-themed cryptocurrencies after Tesla CEO Elon Musk posted a picture of his dog Floki posing as the new CEO of Twitter.
Investors had also considered the formation of a bullish signal, the"golden cross," on the Shiba Inu price chart. Though many consider moving averages to be backward-looking data, the formation of a"golden cross," which is when the moving average 50 crosses above the MA 200, is considered positive by several analysts.
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