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.
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.
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