A brand new Shiba Inu whale was born and the whale became the 66th largest SHIB holder thanks to the meme coins it added.
Etherscan.io data revealed that a brand new Shiba Inu whale had collected 648,463,405,610 (648.46 billion) SHIBs worth $6,004,771 ($6.00 million) in a single transaction from one of the unknown wallets.
The data also reveals that after the big transaction, the newly formed whale entered the list of “100 Largest Shiba Inu Whales”. The whale is currently listed as the 66th largest owner of SHIB.
The trade in question occurred after the price of the Shiba Inu stabilized above the critical support level of $0.00000886 on the daily chart. Meme coin has been trading above this critical support level since November 23, 2022.
The short-term trend looks bullish as current support is maintained. However, to rise further, the Shiba Inu must surpass the current resistance at $0.00000961. However, a break below $0.00000886 for the meme coin will remove the bullish bias and lead SHIB to reach the next critical support of $0.00000717 on the chart.
In addition, the Shiba Inu still attracts great attention among exchanges. Bitcastle, a Singapore-based global crypto exchange, listed the Shiba Inu with a special campaign it launched.
The Shiba Inu is trading at $0.00000924, up 0.22% from the last day, with a 24-hour trading volume of $111,414,319 ($111.41 million). With such a large daily volume, the whale’s current $6 million purchase of meme coin hasn’t helped push the price higher.
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.