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Ethereum whales significantly reduced their holdings of SHIB Sn

Date:2024-04-28 18:52:50 Channel:Exchange Read:
In the world of cryptocurrencies, every rise and fall can cause huge ripples. Recently, the Ethereum whales significantly reduced their holdings of SHIB coins, which shocked the entire market. At the same time, the famous information security expert Snowden also stated that he will never become a fan of Dogecoin. These two pieces of news caused quite a stir in the digital currency field.
The cryptocurrency market has always been volatile, and investors often have to face various uncertainties. As one of the leaders, Ethereum’s trends have affected the nerves of many investors. Recently, there was news that Ethereum whales began to sell their SHIB coins, which attracted widespread attention in the market. This move not only shocked investors, but also sparked heated discussions about the future direction of cryptocurrencies.
The move by Ethereum whales to reduce their holdings of SHIB triggered a chain reaction in the market. Investors have begun to re-evaluate their currency holding strategies, fearing greater market volatility. This also reminds people once again that risks in the cryptocurrency market may erupt at any time, and they need to be dealt with cautiously. At the same time, there are more speculations and analyzes about the movements of big whales in the market, and investors hope to find investment clues, avoid risks, and seize opportunities.
As a leading figure in the field of information security, Snowden's remarks have always attracted much attention. Recently, he caused a stir on social media by saying that he would never be a fan of Dogecoin. Snowden’s statement not only made people marvel at his insight and independent thinking, but also triggered discussions about Dogecoin. As a high-profile member of the cryptocurrency market, Dogecoin has always been controversial, and Snowden's statement has added fuel to the controversy.
The reason why Snowden said he would not become a fan of Dogecoin is likely based on his deep understanding of the cryptocurrency market and his keen sense of technology. As an information security expert, his attitude towards digital currencies can often lead the market. His statement also reminded investors once again that they need to be cautious when choosing investment targets and not be swayed by market enthusiasm. Only by thinking rationally can we remain invincible in this market full of opportunities and challenges.
In the world of digital currency, every event may trigger a chain reaction and affect market trends. The holding reduction behavior of Ethereum whales and Snowden’s statements have undoubtedly brought new thinking and challenges to the market. Investors need to remain vigilant at all times and constantly learn and adapt to market changes. Only by constantly summarizing experience and learning lessons can we remain invincible in this ever-changing market.
The cryptocurrency market is like a rough ocean, hiding countless opportunities and challenges. Investors need to learn to stay calm in market fluctuations, seize opportunities, and avoid risks. The holding reduction behavior of the Ethereum whales and Snowden's statement remind us that the market is always full of unknowns. We need to remain vigilant and continue to learn in order to remain invincible in this highly competitive market. I hope every investor can overcome obstacles, ride the wind and waves, and create his or her own legend in the world of cryptocurrency.

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Shiba Inu Coin
The market discussion of Inu (SHIB) has remained high recently, but according to some data, the Shiba Inu coin market seems to be gradually cooling down. According to the data analysis platform WhaleStats, among the top 1,000 largest Ethereum wallet addresses (not including ETH in the calculation), Shiba Inu Coin accounts for 14.83% of the total holding value of ERC-20 tokens (worth approximately US$2.119 billion); Compared with last week's holding ratio of 21.18%, it has fallen by nearly 7%.

Another data is that in the first two weeks after Shiba Inu Coin was listed in the United States, Coinbase’s trading volume rankings often ranked first. However, according to Coinbase’s trading volume details as of November 19, SHIB’s weekly trading volume has fallen from the first place. Accounting for 6.72% of Coinbase, it currently ranks third, after Bitcoin and Ethereum.

As of press time, Shiba Inu Coin was trading at $0.00004417, up 1.1% in the past 24 hours. It has lost approximately 50% of its value compared to its all-time high of $0.00008719 in late October.

Secret hacker Snowden: I am not a fan of Dogecoin

Edward Snowden, who became famous for exposing the US National Security Agency (NSA)'s secret program to monitor global networks
Snowden clarified his stance on the canine token craze in a recent Twitter post.

“…I’ve never been a fan of Dogecoin because

a) I am a person without a sense of humor

b) I think a lot of serious people will mistake it for an investment and get hurt, but Billy (Shiba Inu Coin founder) has always tried to be a positive voice. "

In addition, Snowden also warned: There is a group of wealthy venture capital investors who are hyping up the garbage tokens they hold, hoping that investors will not be deceived.

“There is a group of wealthy VCs pretending to help you, by opposing Bitcoin (or whatever) while hyping up their massive share of centralized crapcoins. If you ever come across this, don’t be that person; if you are that person ,Change."

Finally, he also mentioned that the server he used to leak highly confidential information to reporters was paid for with the help of Bitcoin; but he also emphasized that he is not a Bitcoin extremist.

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