
XRP Adoption Soars With Ripple’s New Partnership in Portugal and Brazil, 151,000,000,000 SHIB From Coinbase Withdrawn into Unknown: Crypto News Digest
Shiba Inu (SHIB) One Step Away From Death Cross
The price of Shiba Inu has been relatively stagnant, trading within a narrow range of $0.000017 to $0.00001475. Despite this lack of price action, the activity was spotted in the on-chain space; according to data from Arkham Intelligence, an unknown wallet associated with the address “0xB7e09” withdrew nearly 151.61 billion SHIB from Coinbase in a five-day period. The total value of the withdrawn tokens stands at an impressive $2.41 million.
The wallet lacks prior activity with the Shiba Inu token, and all withdrawals originate from the Coinbase address in question, suggesting it may belong to the exchange. If this is the case, the activity could simply reflect internal operations. However, if not, it may indicate significant SHIB accumulation by a large investor.
In other news, XRP adoption has seen an impressive surge with Ripple’s new partnership in Portugal and Brazil.
Source: u.today