Shiba Inu has recently observed an astounding change in investment behaviour, with so-called “smart money” switching from holding SHIB to Memecoin.
This was a remarkable strategic reallocation: in only two days, a SHIB whale realised an amazing 85% return on a massive 75.9 billion SHIB deposit to the Binance trading platform, valued at almost $1.65 million. This investor then took 38.85 million MEME, or $1.62 million, out of Binance.
Following an extended period of significant interest and price increase, SHIB started to exhibit retracement symptoms. Large holders, sometimes known as “whales,” are frequently blamed for this retreat when they decide to take profits following notable price increases. When a significant number of SHIB tokens are transferred abruptly to an exchange, this usually indicates a selling intention and pushes the price lower as the market absorbs the extra sell orders.
Investors looking to cash in on new trends, however, were drawn to MEME’s price chart due to its tremendous upward velocity. The whale’s deliberate decision to diversify into assets with apparent upward potential, motivated by market analysis, mood gauging, or maybe even insider knowledge, is suggested by the money it moved from SHIB to MEME.
There are a variety of possible causes behind SHIB whales’ actions. These might include responding to shifting market narratives, managing risk through diversification, seizing arbitrage opportunities, or just making money on transient price swings.
The more plausible explanation, though, is simply that Memecoin’s price performance is underdeveloped when compared to Shiba Inu’s. Compared to SHIB, which has gained more than 100% in the previous several days, MEME provides far greater growth potential and has not really broken through during the most recent cryptocurrency market bull run.
