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Cryptokits are buying up Shiba Inu ahead of a bullish trend
Altcoins
The behaviour of crypto-kits owning a large number of coins created on the Ethereum (ETH) blockchain is pointing to an impending plunge in the Shiba Inu (SHIB) cryptocurrency exchange rate.
In the last 24 hours, bigwigs have bought 1.2 trillion SHIB tokens worth $10.9 million. First, a large trader known under the pseudonym Kvothe spent $9.6 million to acquire the coins. Some time later, BlueWhale0073 bought assets worth $1.3 billion.
The accumulation of Shiba Inu by cryptokits signals the start of a bullish trend in the virtual currency market. SHIB has been fluctuating within a shrinking triangle since March 10, so we can assume that over the next three days, the value of the coin will begin to increase and break the upper boundary of the pattern.
The large number of burned tokens also speaks in favour of the beginning of an upward trend.
Shibburn reported that more than 11 million SHIBs have been destroyed in nine transactions in the past 24 hours, and last week Shiba Inu's stock has dropped by more than 2 billion tokens.
It's a pity that you can't post pictures as well. That would be very useful, especially in cryptocurrency news, when you need to attach a graph of the rise or fall to the post.
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