Major Shiba Inu Whale Transfers 210 Billion Tokens to Robinhood
- Whale Behavior Shift: A major Shiba Inu whale transferred over 210 billion SHIB to Robinhood's hot wallet on January 20, reducing its wallet balance by approximately 97%, marking one of the largest SHIB inflows to exchanges recently and indicating strategic repositioning amid crypto uncertainty.
- Gradual Transfer Pattern: According to Arkham, this transfer was not sudden but occurred gradually, with the same wallet sending 11.579 billion SHIB on January 16 before the larger transfer, demonstrating a cautious approach in the market.
- Holding Analysis: Despite the January 20 transaction draining over 90% of the wallet's SHIB holdings, it still retains about 5.85 billion SHIB, valued at approximately $46,270, indicating the whale's continued market involvement.
- Market Monitoring Dynamics: Analysts noted that large transfers to platforms like Robinhood often suggest potential selling preparations, although it remains unconfirmed whether liquidation has occurred, prompting traders to closely monitor order books and short-term price movements for market confirmation.
Get Real-Time Alerts for Any Crypto Movement
Technical Analysis for ARKM
Technical Sentiment Analysis for Arkham (ARKM) As of , Arkham (ARKM) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 0 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for ARKM stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, ARKM is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Arkham (ARKM) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0449 | 0.0724 | 0.102 | 0.129 | 0.159 | 0.186 | 0.216 |
| Fibonacci | 0.0724 | 0.0942 | 0.108 | 0.129 | 0.151 | 0.165 | 0.186 |
About ARKM
About the author
