Biggest ETH Whale Transfers Shocking $1.50 Million Worth of Shiba Inu (SHIB) to Crypto.com.
The Biggest ETH Whale just transferred an alarming 150 Billion SHIB to Crypto.com wallet as Shiba Inu retreats from a critical resistance level at $0.00001020 on the 4-hour chart.
Stats from Etherscan.io shows that the Biggest ETH Whale shifts a teary 150,000,000,000 (150B) SHIB, worth $1,504,500 ($1.50M) to a wallet associated with Crypto.com in one significant transaction.
The deep-pocketed ETH investor still holds a whopping 23,449,119,930,384 (23.44T) SHIB, worth $235,194,672 ($235.19M).
Soon after the Whale transfers such a considerable amount of canine-themed cryptocurrency, Shiba Inu’s price begins to retreat from the critical resistance level at $0.00001020 on the 4-hour chart.
Since October 18th, Shiba Inu has traded sideways within a narrow range of $0.00000960 – $0.00001020. The Whale selling at the upper level of the range indicates the continuation of a sideway trend in the near term.
At the time of writing, Shiba Inu is trading at the price of $0.000009983, down 0.06% over the last day, with a 24-hour trading volume of $121,277,906 ($121.27M).
As per Coingecko, Shiba Inu has continued to underperform for the past 30 days. As of the current trading price, Shiba Inu is down -9.7% over the last month, -9.2% over the past fourteen days, and -2.6% over the past week.