Why SHIB, BIGTIME, MKR, RNDR Could Be Ready to Move

• SHIB, RNDR, MKR, and BIGTIME were involved in a major buying spree.
• SHIB’s momentum turned positive, while BIGTIME might keep trading between $0.37 and $0.40.
• RNDR looked ready to breach the $4.10 resistance, and MKR was eyeing $2,000.

A wave of new Tether (USDT) injections into the market has caused fresh whale wallets to scoop up tokens on their radar. According to Lookonchain, an address bought large amounts of Shiba Inu (SHIB), Big Time (BIGTIME), Maker (MKR), and Render (RNDR).

Minutes before Lookonchain revealed that accumulation, the smart money handle disclosed that another address had received 239 million worth of USDT, which was recently minted from the Tether Treasury. 

It was around the same period that the buyer of the tokens listed above accumulated them. Based on Lookonchain’s information, the whale bought 1.44 trillion SHIB and 3 million BIGTIME from Binance and Gate.io. 

The addresses also withdrew 650,527 RNDR and $1.9 million worth of MKR from Binance. Notably, the tokens were not kept on the exchange, indicating that the accumulation was for the long term.

Shiba Inu (SHIB)

SHIB was not a surprise inclusion in the list cons…

The post Why SHIB, BIGTIME, MKR, RNDR Could Be Ready to Move appeared first on Coin Edition.