Top Whale Shuffles 4.43 trillion SHIB tokens as Shiba Inu eyes to reclaim the coveted $0.00001 price level.
Whale Alert, a leading blockchain tracking platform, recently detected unusual activity among top whale wallets. According to the disclosure, the largest Whale wallet moved 4,439,530,677,374 (4.43 trillion) SHIB, worth $35,915,803 ($35.91 million), to an unknown wallet. The gigantic transfer occurred about 14 hours ago from press time in a single transaction.
? ? 4,439,530,677,374 #SHIB (35,824,792 USD) transferred from unknown wallet to unknown wallethttps://t.co/CaQANroQWg
— Whale Alert (@whale_alert) November 5, 2023
This move follows the whale’s previous feat on November 3, when it accumulated 4,454,530,677,374 (4.45 trillion) SHIB tokens, valued at $34,567,158 ($34.56 million), in a single transaction. The accumulation had propelled the whale to the 25th position on the list of the world’s largest SHIB holders.
However, the top whale is left with a zero SHIB balance following the recent transfer, per the latest data from Etherscan.io.
These rapid, high-stakes shifts of SHIB tokens among top whale wallets suggest the bullish move is on the horizon, with bulls setting their sights on reclaiming the coveted $0.00001 mark. Shiba Inu has remained under the $0.00001 threshold for the past ninety days, a fact previously reported by The Crypto Basic. The last time Shiba Inu canceled a zero was on August 12, and it has been trading with five decimal places since.
For context, Shiba Inu must rally 20% from the current price to attain the $0.00001 mark. Meanwhile, SHIB is flirting with a critical resistance level at $0.00000825 on the daily chart. If the bulls successfully breach this barrier, Shiba Inu is poised for a 10% rally, targeting the next resistance level at $0.00000917. Conquering this level would be a significant milestone, setting the stage for a potential rally to reclaim the coveted $0.00001 mark.