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Mysterious Wallet Transfers 1.06 Trillion Shiba Inu (SHIB) to Coinbase

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Mysterious Wallet Moved 1.06 Trillion Shiba Inu (SHIB), Worth $12.15 Million to Coinbase.

In one record transaction, a mysterious wallet transferred $12,156,362 (12.15M) worth of Shiba Inu (SHIB) to Coinbase. The transaction occurred after the price of Shiba Inu retreated from the critical resistance level located at $0.00001157 on the 4-hour chart.

Whale Alert reports that the mysterious wallet had transferred a herculean 1,060,594,914,000 (1.06T) SHIB, worth $12,156,362 ($12.15M), to Coinbase, the largest cryptocurrency exchange in the United States by trading volume. The mighty transfer was executed in one robust transaction about an hour ago.

The transfer occurred soon after Shiba Inu retreated from the critical resistance level at $0.00001157 on the 4-hour chart. Since September 24th, SHIB has been trading in a sideways pattern within a narrow price range extending from $0.00001077 to $0.00001157.

Shiba Inu Technical Analysis
Shiba Inu Technical Analysis

On October 5th, the most popular canine-themed cryptocurrency experienced a significant surge in its daily trading volume. It registered a two-week high price of $0.00001178 while trying to pierce the key barrier but unfortunately failed to stabilize its value and fell back a little.

At the time of writing, the world’s second-biggest canine-themed cryptocurrency in terms of market cap is flirting with a key resistance level. Shib is trading around $0.00001151, up 2.83% over the last day, with a 24-hour trading volume of $339,434,345 ($339.43M).

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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.

Disclaimer: The content is for informational purposes only, may include the author's personal opinion, and does not necessarily reflect the opinion of TheCryptoBasic. All Financial investments, including crypto, carry significant risk, so always do your complete research before investing. Never invest money you cannot afford to lose; the author or the publication does not hold any responsibility for your financial loss or gains.

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