Shiba Inu Soars as Traders Go Long, Ripple Unlocks, and Bitcoin Whale Stirs: Morning Crypto Drama

by

TL;DR

  • Shiba Inu (SHIB): A 3% rise as Binance top traders embrace fresh long positions.
  • Ripple (XRP): Ripple’s Treasury VP hints at a “big unlock” with an Australian twist.
  • Bitcoin (BTC): A slumbering whale awakes after two years, scooping up 343 BTC ($23.85 million).
  • Market outlook: All eyes on U.S. GDP data and the March 19 FOMC meeting.

Binance Traders Shove Shiba Inu (SHIB) to New Heights

Shiba Inu (SHIB), that delightful little meme coin, is basking in a 3% increase today. It’s now casually hovering around $0.000006 per token, a figure that will certainly make you squint in disbelief. Meanwhile, Bitcoin, the so-called “flagship” cryptocurrency, can only manage a modest 0.36% rise. How quaint.

But here’s the secret: It’s all happening thanks to Binance’s top traders. Right now, 57.5% of them have decided that SHIB is their ticket to glory. This isn’t just a coincidence; it’s a well-orchestrated plot to capitalize on a market rally. In the past two days alone, the percentage of long positions on SHIB has shot up by 4%. Bravo, traders! Bravo.

HOT Stories
Shiba Inu (SHIB) Price Rises as 58% of Binance Top Traders Go Long, Ripple Treasury Vice President Highlights ‘Big Unlock,’ Bitcoin Whale Buys More After Two Years of Dormancy: Morning Crypto Report

‘Total Lie’: Brian Armstrong and Coinbase Execs Deny Lobbying Against Bitcoin

Could this price rise be because of an oversold condition? Quite possibly. SHIB’s relative strength index is currently sitting pretty at a neutral 50, but this token has already lost nearly 40% of its value since the beginning of 2024. But fear not, the last week has seen a solid 11.5% recovery. Traders seem to be betting on this relief rally, choosing SHIB as their favorite liquidity play. How… convenient.

Ripple’s “Big Unlock” in Australia – A Trustworthy Endeavor

Meanwhile, on the more “serious” side of the crypto spectrum, Ripple is plotting something quite “big” in Australia. According to Renaat Ver Eecke, the Senior Vice President of Ripple Treasury, the company is about to unlock a new level of trust with the acquisition of BC Payments Australia. Yes, trust-such a quaint notion in the treasury space, isn’t it?

“A trust first in the Treasury space! This Is a big unlock for Ripple Treasury and what we can bring to Australia and beyond!”

– Renaat Ver Eecke (@rvereecke) March 12, 2026

Ver Eecke went on to explain that this Australian license will help Ripple scale its payment operations down under. And if you’re wondering, yes, they plan to handle everything from compliance to final payouts. Expect the deal to wrap up by April 1. No, it’s not an April Fool’s joke. At least, we hope not.

Bitcoin Whale Awakens from Its Two-Year Nap to Buy Hundreds of BTC

And now, for the most dramatic plot twist of the day-an ancient Bitcoin whale has decided to wake from its two-year slumber. A wallet that was so dormant it could have been mistaken for a cryptographic fossil has suddenly come to life. How delightful.

In a bold move that involved a quick withdrawal of 343 BTC worth approximately $23.85 million, the whale has made its presence known. All this action took place within two short hours, and naturally, the crypto world is on edge. What on earth could have sparked this sudden, dramatic move?

Could this be a sign of something grander? Is the whale preparing for a big market shake-up, or is this just a solitary event? Only time will tell. In the meantime, Bitcoin’s price has enjoyed a modest rise, but SHIB-yes, that pesky little token-seems to be stealing the show.

The Crypto Market’s Next Big Thing: March 19

Now, as the crypto market trembles under the weight of global uncertainty, traders are focusing on the next big date: March 19. That’s when the Federal Reserve’s FOMC meeting is scheduled, and, oh yes, that pesky U.S. GDP data for Q4 2025 will drop tomorrow. What a wonderful cocktail of excitement.

Could this data spark a rally? Or will it be yet another excuse for the market to spin its wheels? One thing’s for sure: traders are opening long positions like there’s no tomorrow, but without spot buying, this is still just a prelude to what could either be a grand spectacle or another prolonged crypto winter.

Read More

2026-03-12 15:32