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HomeCrypto NewsMarketShiba Inu Dip Bought as Top Whale Adds 311B SHIB

Shiba Inu Dip Bought as Top Whale Adds 311B SHIB


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Major ETH Whale scooped up $3.32 million worth of Shiba Inu (SHIB) in the past 24 hours.

WhaleStats, a leading blockchain tracking platform, recently reported that the 254th biggest ETH Whale has just accumulated a staggering 311,998,734,794 (311.99B) SHIB, worth $3,325,906 ($3.32M) through two separate transactions in the past 24 hours.

Breakdown of Transactions

BlueWhake0073 spent $2,069,263 ($2.06M) to purchase a whopping 194,114,774,578 (194.11B) SHIB in her first transaction executed about 10 hours ago from press time.

A few minutes later, the top ETH Whale executed her second buy transaction and added 117,883,960,216 (117.88B) SHIB, worth $1,256,643 ($1.25M) to her portfolio.

The whale accumulated 311,998,734,794 (311.99B) Shiba Inu in two transactions.

Shiba Inu Price

This sudden accumulation comes after Shiba Inu’s price experienced a dip towards a critical support level located at $0.00001017 on the daily chart.

Despite the dip, SHIB has managed to maintain its short-term uptrend, with the price currently trading sideways within a narrow range of $0.000001017 to $0.00001190 since March 12th.

However, the Shiba Inu bulls must defend the $0.000001017 level to continue this uptrend. If SHIB fails to do so, the bears could take over and push the SHIB price down further by 20% to the next support level located at $0.00000820.

Shiba Inu Daily Chart
Shiba Inu Daily Chart

Currently Shiba Inu is trading at $0.00001055, down 3.5% in 24 hours.

On the other hand, Shiba Inu is undergoing various developments. Recently, Biconomy Global, a leading crypto derivatives exchange, has introduced futures trading for Shiba Inu by adding a SHIB/USDT perpetual future trading pair to its platform with leverage of up to 50x. In addition, Shiba Inu has become the top Google-searched coin in Turkey.

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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.



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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