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HomeCrypto NewsMarketDip Bought: Top Whale Buys 356 Billion Shiba Inu As SHIB Enters Into Historical “Demand Zone”

Dip Bought: Top Whale Buys 356 Billion Shiba Inu As SHIB Enters Into Historical “Demand Zone”


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Top ETH Whale “BlueWhale0073” Scooped Up 356.07 Billion Shiba Inu as SHIB Enters Into Historical “Demand Zone” for the First Time Since October 2021.

According to WhaleStats, Ethereum Whale “BlueWhale0073” scooped up 356.07 billion SHIB tokens in one massive transaction.

Top ETH Whales begin taking advantage of discounted prices once again as Shiba Inu enters into the historical “Demand Zone,” i.e., $0.00000511 to $0.000000951.

Data from crypto whale tracker WhaleStats indicates that top Ethereum whale BlueWhale0073 has just loaded up on a total of 356.07 Billion Shiba Inu tokens, worth $3 Million.

In one significant transaction, as noted by WhaleStats, the Ethereum whale “BlueWhale0073,” the 690th largest among the 1,000 ETH wallets tracked, scooped up a total of 356,078,908,730 SHIB tokens, worth $3,001,745.

SHIB Price Action:

On June 11th (Saturday), Shiba Inu breaks below the critical support zone (previous resistance) at $0.000000951 on the daily chart. Following the breakout, the price of Shiba Inu prints a new lower low located at $0.00000743, marking the entrance of Shiba Inu into the historical “Demand Zone” ($0.00000511 – $0.000000951) for the first time since October 2021.

Shiba Inu Enters into Historical Demand Zone

Formerly, the price of Shiba Inu has consolidated within the zone mentioned above for almost five months, i.e., from May to October 2021. Later, the price of the popular dog-themed cryptocurrency experienced a breakout from this range on 4th October 2021, which helped Shiba Inu’s price to skyrocket and reach an all-time high (ATH) price of $0.00008845 on October 28, 2021.

At the time of writing, the 17th biggest cryptocurrency in the world in terms of market cap has erased -90.88% of its gains made since late October 2021.

This comes after the widespread selloff in the global crypto market worsened on June 13th (Monday). The global crypto market dipped below the $1 trillion mark for the first time since November 2021, when it peaked at $3 trillion.

However, at press time, SHIBA INU’s price action has met strong buying interest near recent lows at $0.00000743, where significant support from the daily chart keeps the uptrend intact with a 24-hour trading volume of $687,356,152 ($687.35M). The current trading price of SHIB stands at $0.000008413, up more than 3% over the last day.

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Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.



Zabi is crypto enthusiastic with more than 10 years of experience in managing Google News-approved Finance websites. Zabi has a strong background in finance with a thorough understanding of cryptos and a solid grip on the crypto and financial market industry. Along with his passion for crypto writing, Zabi manages his personal stock and finance-related Google News-approved websites.

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