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Whales are bullish for the Ethereum and Shiba Inu prices. Data shows that the largest exchange wallets for ETH and SHIB have seen significant withdrawals recently. That is definitely a bullish sign, analysts say. For example, the on-chain analytics firm Santiment claims that the top 10 exchange wallets on the SHIB and ETH networks have recently seen their supplies go down. Ethereum whale wallets have declined by a whopping 8.6%, while Shiba Inu wallets on crypto exchanges have lost about 2.4% of their value. Those wallets are the biggest currently attached to centralized exchanges. It's fair to suggest that the wallets belong to the so called whales. Simply put, the largest investors on the market. And of course, these wallets are the most influential. Audience keeps focus on them. So any moves, even the slightest ones, can lead to a significant change in the market sentiments. Taking of crypto from exchanges is a clear bullish sign. You keep your crypto on exchanges if you are planning to sell. Or at least you are ready to sell any moment. Long-term holders prefer holding assets on their self-custodial wallets. Once coins go off the exchanges it means sell supply of the token is going down. That's a bullish sign too. So Ethereum and Shiba Inu largest holders are not planning to sell in the near future. That means they are optimistic and, sorry for using the term too much, they are bullish.

Shiba Inu fans are worried. There's trouble brewing in the crypto world again. A new wallet scam is targeting Shiba Inu community. It's a nasty one, and you need to stay sharp to avoid falling victim. We know about it thanks to Shibarmy Scam Alerts, an X (formerly Twitter) account dedicated to exposing scams within the SHIB community. On June 8, the scam tracker issued an urgent warning about a new wallet scam targeting SHIB token holders. Most of these malicious sites are typically distributed within different social media platforms such as X, discord, telegram and more. So, what’s the deal? Scammers are luring in Shiba Inu holders with promises of juicy rewards. These rewards come at a steep price – your SHIB tokens. It’s a classic bait-and-switch. The scam works like this: you receive a message or see a post about a special wallet that offers incredible benefits. These malicious attackers claim that users need to connect their wallet accounts to collect rewards or resolve technical issues involved with liquidity pools. The wallet connection tools also deceive SHIB holders into thinking that connecting their wallets via certain links is necessary for syncing with the Shiba Inu network Too good to be true? Exactly. These wallets are designed to steal your tokens. Once you transfer your SHIB, it’s gone. How can you avoid it? First, be skeptical of too-good-to-be-true offers. If someone’s promising the moon, they’re probably after your tokens. Always double-check the source. Official channels are your best bet. And, of course, official wallets and those with established reputation are the best choice. Next, safeguard your wallet info. Never share your private keys or seed phrases. Not with anyone. Legit platforms will never ask for this info. Remember, if you lose control of your keys, you lose control of your tokens. Also, stay updated with community alerts and news outlets. Follow trusted sources (like, yellow.com) and keep an eye on the latest news. If there’s a scam making rounds, you’ll hear about it. Knowledge is power in the crypto world. Lastly, help spread the word. Tell your fellow Shiba Inu enthusiasts about this scam. The more people know, the harder it becomes for scammers to succeed.

A long-time Shiba Inu (SHIB) holder has realized a staggering profit of 419x after selling the memecoin, according to on-chain data from Lookonchain. Was it pure luck or someone has been better at predictions that that Oracle from Matrix? This investor, who remained patient for over three years, purchased SHIB back in February 2021 for a modest $2,625. Fast forward to now, and that investment has turned into an impressive $1.1 million. This is how you make a whopping 419x on your investment. This sale marks a significant moment in the SHIB community, showcasing the potential gains for those who can hold through the volatility. The investor offloaded over 48 billion SHIB, capitalizing on the recent market movements. This trade exemplifies the term "diamond hands," often used to describe individuals who hold onto their assets despite market fluctuations. At the time of writing, Shiba Inu is trading at $0.00002569, reflecting a slight uptick in the past 24 hours. This minor increase is a testament to the resilience of the SHIB community, even in a market filled with ups and downs. These instances underline the importance of strategic holding and timing in the cryptocurrency market. If you want to make big buck you should make use of patience and market knowledge. These skills can lead to substantial returns. For those on Wall Street, these stories serve as a reminder of the potential in digital assets. While volatile, the crypto market offers unique opportunities for significant gains, provided investors can weather the storms.