There have been 2 massive transactions in SHIB, amounting to $50 million
The exact reason for this is unknown; it might be to boost the price or to get out of the bear market.
Exchanges are known to transfer funds internally to maintain liquidity.
After months of a fearful market, investors seem to be shifting their focus from withdrawing their assets and running away from the market towards getting in and boosting the market. Indicating a similar agreement, two large transactions have been carried out over $50 million.
On December 8, unknown parties reported large transactions involving SHIB. The said transactions were found to be adding up to $50 million, and this sparked thoughts regarding their reasons. Furthermore, raising the question regarding the future of SHIB and the potential impact of these transactions.
Crypto Exchanges move funds internally.
Crypto exchanges are well-known for the internal shuffling of their funds. They move their funds, quite often, between the
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