A recent development that has caught the attention of the crypto community is the transfer of 4.4 trillion Shiba Inu (SHIB), valued at about $35 million.
This transfer was probably a sale, and it might be the start of a larger selling spree. As a result, investors and traders are bearish and have been positioning themselves accordingly. Meanwhile, InQubeta (QUBE), a new project on the initial coin offering list, is dominating the ICO space following unprecedented demand.
In this article, we will explore the possibility of a drop in the price of Shiba Inu. In addition to this, we will cover what makes InQubeta unique and why it is experiencing a strong wave of interest.
InQubeta (QUBE): a formidable force in the ICO scene
Investors can’t seem to get enough of the new DeFi project, InQubeta (QUBE), which is aiming to reshape the AI sector. It has been a major player in the ICO market, raising over $4.5 million, which has led to it being touted as one of the best ICOs.
While the focus has been on the advancement of AI and its continuous transformation of the world, AI startups are struggling to thrive in the competitive market. The good news is that InQubeta is seeking to reshape the fundraising landscape of the AI market. This has been the primary appeal of this project, with investors confident in its imminent adoption and growth potential.
The new fundraising model to be introduced by InQubeta will allow AI startups to raise funds via cryptocurrency. To source capital, AI startups will create investment opportunities and represent them as non-fungible NFTs. These will be equity-based and divided into bits, thereby allowing investors to own stakes in lucrative AI ventures. With this move, investors will become early backers of promising projects, which will position them for substantial returns.
This project is in the fifth stage of its presale and costs just $0.0161 per token. Analysts predict its value will rise by 3,000% in 2023, positioning it as one of the best new crypto to invest in. If you wish to become an early adopter of this innovative project, simply click on the link below.
Shiba Inu (SHIB): growing bearish sentiment
Shiba Inu (SHIB) is a key player in the cryptocurrency space, ranking among the top altcoins. It is one of the tokens to popularize the meme coin niche, making it pivotal to the crypto space. In addition to this, it is the second most popular meme coin in the overall crypto market, which shows its dominance. Ultimately, the meme ecosystem is incomplete without mentioning Shiba Inu, which also happens to be one of the best cryptos to invest in.
However, there appears to be a growing trend of large-volume investors, popularly called whales, selling their Shiba Inu holdings. According to the Whale Alert crypto tracker, there was a massive transfer of SHIB recently. The transaction involved 4.4 trillion Shiba Inu tokens, worth approximately $35 million. This transfer was likely a sale or a whale splitting their holdings between several wallets. Regardless, it has resulted in bearish sentiment among investors.
Nevertheless, confidence is expected to improve in the coming weeks. Therefore, Shiba Inu is one of the altcoins to watch in the coming weeks.
Conclusion
While Shiba Inu faces bearish pressure following the growing trend of whales selling their holdings, InQubeta has become a key player in the ICO market. It recently raised a whopping $4.5 million in its ongoing presale and is seeing a wave of investor interest.
For more information about the InQubeta presale, visit InQubeta Presale| Join The InQubeta Communities.
The post Whale transferred 4.4 trillion SHIB, bearish? InQubeta dominates the ICO space appeared first on CoinJournal.
