Shiba Inu whales have been on their toe as SHIB price has potential to reach $0.001

Shiba Inu lists on the South African crypto exchange VALR as a ZAR trading pair. This will allow thousands of VALR users to buy and sell Shiba Inu using South African Rand. At that time, SHIB increased to 43% after dropping to 36% earlier. On Tuesday, the meme coin was one of the biggest gainers on crypto markets, as Robinhood added the meme coin to its list of crypto offerings.

Shiba Inu whales were actively buying the token before the big news, but it might not be enough for a full reversal

SHIB thus joins the likes of BTC, ETH, XRP, SOL, and BNB as exchange pairings with ZAR, allowing users to trade SHIB directly with ZAR. A recent Shiba Inu official¬†blog post, ”Fetching New Grounds! A Growth Breed Report” shared the SHIB project’s progress so far in the past year. The report indicated that SHIB had been listed on more than 100 crypto exchanges, including Coinbase, Binance, Kucoin, Huobi, Voyager, Crypto.com, and Kraken.

Per IntoTheBlock data, Shiba Inu whales have been on their toes in the previous 24 hours, with a 508% increase in large transactions. Large transaction spikes are frequently associated with increased activity from institutional players, whales, and buying or selling. These transactions exceed $100,000 moved, according to IntoTheBlock.

Shiba Inu

Source: Intotheblock

Large trading spikes are often associated with increased activity from institutional players or whales who are buying or selling. Shiba Inu whales have surfaced in the last 24 hours, with a 508% increase in large transactions. According to IntoTheBlock, these transactions exceeded $100,000 transferred.

Anonymous Whales purchased billions of Shiba Inu tokens amid news of its Robinhood listing, resulting in a massive increase in volume and aggressive price action. In the past 24 hours, WhaleStats has reported two major purchases of Shiba Inu.

In another development, other 24-hour “portions” of SHIB incinerated by various burn initiatives included 442 million, 258,294,131 SHIB, and a few other big lumps of tokens burned. Besides, in the past 24 hours, 324,040,132 Shiba Inu have been burned in nine transactions.

SHIB price will be touching $0.001

According to PAC Protocol CEO Gokhshtein Media founder and former US congressional candidate David Gokhshtein, the second-largest meme is likely to hit $0.001 but not $1.

SHIB fans rebuked the influencer for this approach in the comment thread, reminding him that SHIB’s development team has yet to reveal the additional write mechanism for tokens.

His tweet was provoked by news of Shiba being listed on Robinhood along with SOL, MATIC, and COMP, which was leaked before the platform made an official announcement about it. According to Gokhshtein, the next coin listed by Robinhood is trending ApeCoin.

Last year, in October, Gokhshtein expressed similar views on the main dog cryptocurrency, Dogecoin. At the time, he said that DOGE drew many people into Bitcoin.

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