Shiba Inu (SHIB) Surges 26%, Whale Activity Signals Confidence

Shiba Inu (SHIB), often referred to as the “Dogecoin Killer,” has experienced a significant 26% weekly surge, fueled by notable whale activity. A large transaction involving 237.87 billion SHIB by an anonymous whale address suggests either an over-the-counter purchase or a redistribution of cryptocurrency holdings. This activity coincides with the announcement of a $12 million investment for the development of Shiba Inu’s new Layer 3 network, prioritizing security and privacy. Additionally, the burning of 411.9 million SHIB coins within the past week contributes to the positive sentiment surrounding the meme coin.

Whale Activity in the Tech Sector: Key Options Trades

This whale alert provides insights into significant options activity in the Information Technology sector, highlighting trades by entities with substantial capital. These trades can indicate market sentiment and potential trading opportunities. The data includes details on the stock symbol, trade type, sentiment, expiration date, strike price, total trade price, open interest, and volume for each trade. Traders can use this information to make informed decisions about their investments.

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