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HomeCrypto NewsMarketNew Whale Buys 119B Shiba Inu, As Shib Breaks Critical Resistance

New Whale Buys 119B Shiba Inu, As Shib Breaks Critical Resistance

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New Whales Coming For Shiba Inu.



Shiba Inu (SHIB) keeps on giving birth to new wallets. The nascent whale has just splurged $1.24 Million to purchase a considerable amount of SHIB.

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Etherscan.io recently reported that an anonymous whale has just come into existence and scooped up a whopping 119,384,114,306 (119.38B) SHIB, worth $1,243,982 ($1.24M) in her first-ever transaction executed about 10 hours ago.

Nascent Shiba Inu Whale Scooped Up 119.38 Billion SHIB
Nascent Shiba Inu Whale Scooped Up 11938 Billion SHIB

Shiba Inu has given birth to the second Whale in a week. As reported by TheCryptoBasic on OCT 24th, a newly born whale accumulated a 3,363,854,488,205 (3.36T) SHIB, worth $33,672,183 ($33.67M) in one transaction.

The Whales’ interest in the world’s second-biggest canine-themed cryptocurrency renewed after Luxembourg-based world’s leading cryptocurrency exchange, Bitstamp, enabled United States users to trade Shiba Inu with two trading pairs, SHIB/USD and SHIB/EUR.

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Moreover, the massive Whale accumulation helped Shiba Inu pierce the critical resistance level at $0.00001020 on the 4-hour chart. Since October 18th, Shiba Inu has been trading below that level.

Breakout of Critical Resistance Level on H4 Chart
Breakout of Critical Resistance Level on H4 Chart

At press time, Shiba Inu is trading at $0.00001042, up 4.19% over the last day, with a 24-hour trading volume of $267,762,311 ($267.76M).

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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Author

Zabi
Zabi
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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