An anonymous wallet address 1.06 trillion worth approximately $12.15 million shiba inu (SHIB) sent the token to the Coinbase exchange in just one transfer.
The record-breaking transaction resulted from an anonymous whale wallet sending $12,156,362 worth of Shiba Inu tokens. The transfer in question was made from a wallet address to Coinbase’s wallet address. The time when the trade was executed came after the SHIB price retraced from the critical resistance level of $0.00001157 on the 4-hour chart.
According to the information shared by Whale Alert, the mysterious address in question received 1,060,594,914,000 (1.06 trillion) SHIB in just one transaction. coinbasesent to.
🚨 1,060,594,914,048 #SHIB (12,156,362 USD) transferred from unknown wallet to #coinbasehttps://t.co/fU8ESO1N1V
— Whale Alert (@whale_alert) October 5, 2022
It is noteworthy that the transfer took place shortly after Shiba Inu retraced from the critical resistance level at $0.00001157 on the 4-hour chart. Since September 24, SHIB has been trading sideways in a narrow price range stretching from $0.00001077 to $0.00001157.
On October 5, the popular dog-themed meme coinexperienced a significant increase in daily trading volume. It also recorded a two-week high of $0.00001178 while trying to break through the key barrier, but unfortunately it was unable to stabilize its value and lost some value.
At the time of writing, the world’s second largest dog-themed by market capitalization cryptocurrencywas at a significant resistance level. SHIB is trading around $0.00001151 with 24-hour trading volume of 339,434,345 ($339.43 million), up 2.83% from the last day.
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.