Despite the lack of action on the cryptocurrency market lately, there are still a lot behind the scenes of price graphics, especially in the chain field.
Large transfers always take place, the whales mix their cryptographic capital and the exchanges manage their portfolios and hot deposits. What the recent Shiba Inu (Shib) The change was between these two options remains open to speculation.
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However, it is a fact that only a week after having acquired nearly 152 billion sinks, which is equivalent to around $ 2.28 million in the popular cryptocurrency inspired by the meme, a portfolio under the address “0x4c92 “Transferred all his tokens to the main exchange of Coinbase Coinbase Coinbase.
What ID
It is interesting to note that the tokens were also removed from Coinbase, in two distinct slices. They returned to the exchange a week later with a single batch of Salogner sent directly to the exchange.
What was it?
In the common perception of cryptography market players, these changes are considered an intention to sell by a large entity. The logic is that the whales choose the most liquid platform to unload their assets. This guarantees a minimal shift and an impact on prices.
If you try to look at it from another angle, it can be considered an internal operation of Coinbase itself. However, this theory has defects, such as the fact that a small amount of eTh has been bought to facilitate initial transactions, and this may indicate that the reception address was indeed decentralized and did not belong Jamming. There is still an ETH in the wallet.
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What caused such a rapid change in feeling is not really a question, because the cryptocurrency market looks like a hot disorder these days. However, the lack of patience when it comes to billions of pieces worth millions of dollars can still be surprising.