The popular meme coin Shiba Inu (SHIB) remains a favorite choice for new whales. A newborn whale spent $1.24 million to purchase a substantial amount of SHIB. Details are here.
Etherscan.io recently reported that an anonymous whale appeared and received a massive 119,384,114,306 (119.38 billion) SHIB worth $1,243,982 ($1.24 million) in its first transaction about 10 hours ago.
With this development, the Shiba Inu created a new whale for the second time in a week. As we reported on Oct. 24, a newborn whale has accumulated 3,363,854,488,205 (3.36 trillion) SHIBs worth $33,672,183 ($33.67 million) in a single transaction.
The interest of whales in the second largest meme coin-themed cryptocurrency has brought with it another new development. Bitstamp, the world’s leading cryptocurrency exchange based in Luxembourg, has announced that it has expanded the availability of Shiba Inu (SHIB) trading for its United States customers. According to an announcement made yesterday, Bitstamp customers residing in the United States can now trade Shiba Inu for two trading pairs, SHIB/USD and SHIB/EUR.
Woof! 🐶
You asked, we listened. Again! We’re listing @Shibtoken $SHIB in the US.
Read more here: https://t.co/WSglL5JEtm#trade #SHIB pic.twitter.com/eGWSvEiD7L
— Bitstamp (@Bitstamp) October 25, 2022
Also, the massive Whale accumulation helped Shiba Inu surpass the critical resistance level of $0.000001020 on the 4-hours chart. Since October 18, the Shiba Inu has been trading below this level.
You can follow the current price action here.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.