Kraken, a major cryptocurrency exchange, recently transferred a large amount of Shiba Inu (SHIB) to an unknown address, causing speculation within the crypto community. However, it was later revealed that the receiving address was actually a Kraken-funded account labeled as "Kraken Deposit," indicating that it was an internal shuffle for security purposes. Similar transfers were also made with Uniswap (UNI) and the Official Trump token (TRUMP). Despite the transaction, the Shiba Inu token has remained resilient and has started the day with a 2% surge in price. The coin is speculated to experience a rally after reaching a downside target.



Other News from Today