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SHIB ​​coins on the move: Gemini and Crypto.com to receive 182 billion SHIBs

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According to the report, the data quoted by Lookonchain, an analysis company, showed that more than 182 billion SHIBs with addresses beginning with (0xd6) will…

SHIB ​​coins on the move: Gemini and Crypto.com to receive 182 billion SHIBs

According to the report, the data quoted by Lookonchain, an analysis company, showed that more than 182 billion SHIBs with addresses beginning with (0xd6) will be transferred to Gemini and Crypto.com. Three months ago, more than 200 billion SHIBs of the same wallet were transferred to Crypto.com and sold in US dollars. At that time, the market price fell by 7%.

The addresses beginning with 0xd6 will transfer more than 182 billion SHIBs to Gemini and Crypto.com

Interpretation of the news:


The world of cryptocurrency is an ever-evolving world, and lately, the SHIB coin has been making waves in the market. According to a report published by an analysis company, Lookonchain, more than 182 billion SHIB coins will be transferred to Gemini and Crypto.com. This transfer will take place on wallets beginning with (0xd6). It is a significant move that could impact the market significantly.

It is worth noting that three months ago, over 200 billion SHIB coins from the same wallet were transferred to Crypto.com and subsequently sold in US dollars. This move led to a 7% drop in the market price of the SHIB coins. The recent transfer of SHIB coins could also impact the market price, depending on how they are handled.

Gemini and Crypto.com are two well-known and respected cryptocurrency firms in the industry. These firms have been making noteworthy moves in the market and have been attracting a lot of attention from investors. SHIB coin holders hope that this transfer will have a positive impact on the market price of the coin. However, the volatility of the cryptocurrency market makes it challenging to predict with certainty how the SHIB coin’s price will be affected.

What can be inferred from this move is that cryptocurrency investors must remain cautious and vigilant. The transfer of such a large number of SHIB coins to Gemini and Crypto.com could prompt a flurry of activities, which could impact not only the price of SHIB coins but also other cryptocurrencies. Therefore, investors must keep a close eye on how this situation unfolds and make informed investment decisions.

Overall, the transfer of 182 billion SHIB coins to Crypto.com and Gemini is a significant development in the world of cryptocurrency. It is a move that could have a significant impact on the market and investors’ portfolios. The market price of SHIB coins could either experience a surge or tumble, depending on how this transfer is handled. Therefore, it is essential to keep a close eye on developments in the coming days.

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