[ccpw id="39382"]

HomeCrypto NewsMarketTop ETH Whale Adds 120B Shiba Inu Amid Bullish Momentum

Top ETH Whale Adds 120B Shiba Inu Amid Bullish Momentum

Date:

Written By:

Top ETH Whale adds $1.45 Million worth of Shiba Inu (SHIB).

WhaleStats reported that the 168th biggest ETH Whale named “Boromir” has just accumulated a staggering 120,000,000,000 (120B) SHIB, worth $1,450,800 ($1.45M) USD in one significant transaction in the past 24 hours.

- Advertisement -

As per data provided by Etherscan.io, the massive purchase was made through Turkey’s leading cryptocurrency transaction platform, Paribu about 12 hours ago from press time.

Top ETH Whale Purchased 120 Billion Shiba Inu
Top ETH Whale Purchased 120 Billion Shiba Inu

Shiba Inu is forming a textbook “ascending triangle” pattern on the 4-hour chart around the most crucial resistance located at $0.000012, an increase in buying pressure and a positive market outlook can help Shib to potentially break out to the upside.

 

- Advertisement -

In August 2022, Shiba Inu experienced a sudden price increase of 42% in a day from  $0.000012 to the $0.000018 level. As of now, SHIB is facing resistance at the $0.000012 range, the token has slumped from previous highs of $0.00001295 and $0.0000125 on January 18th and 22nd respectively. If SHIB can break through this range, it may reach the next target of $0.0000136. An upward trend in price may continue with potential targets of $0.0000151 and $0.0000179.

At press time, Shiba Inu is trading at the price of $0.00001201, up 1% over the last day with a 24-hour trading volume of $216,819,214 ($216.81M).

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.

-Advertisement-

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.

More from Author

Latest Stories

Guides