Last Monday, Arkham detected a massive transfer of 46,024,240,350 SHIB tokens, valued at approximately $301,900. On-chain data reveals that this movement was executed by the Kraken exchange, moving the assets from its cold storage to an active hot wallet, with a network fee of just $0.14.
This was not an open market sale; this operation responds to internal liquidity management. The transfer suggests that Kraken is preparing for an increase in trading volume or a rise in user withdrawals, coinciding with Bitcoin’s recent rally toward $70,000, which has injected optimism into the memecoin sector.
In the coming sessions, investors will be watching to see if these Shiba Inu movements on Kraken anticipate a breakout of the $0.0000068 technical resistance. Surpassing this level would confirm the current recovery momentum, while the market will remain attentive to order book depth to measure the real impact of this new token availability.
Source:https://goo.su/xjywVy
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