According to WhaleStats, “Boromir,” the 168th-largest ETH whale, has just amassed an astounding 120,000,000,000 (120B) SHIB.
This equals $1,450,800 ($1.45M) USD in one huge transaction over the previous 24 hours.
Top ETH Whale adds Shiba Inus worth $1.45 million (SHIB).
According to the information given by Etherscan.io, the enormous purchase was made roughly 12 hours before press time through Paribu, Turkey’s top cryptocurrency transaction platform.
On the 4-hour chart, Shiba Inu is forming a classic “ascending triangle” pattern around the critical resistance level at $0.000012.
Increasing buying pressure and a bullish market outlook may enable SHIB to break out to the upside.
Shiba Inu’s price unexpectedly rose by 42% in one day in August 2022, from $0.000012 to $0.000018.
The SHIB coin is currently running into resistance at the $0.000012 area after falling from its prior highs of $0.00001295 and $0.0000125 on January 18 and 22, respectively.
SHIB may reach the next target of $0.0000136 if it can cross this range. The price may continue to rise, with $0.0000151 and $0.0000179 as possible targets.
Shiba Inu currently trades at $0.00001201, up 1% from the previous day, and has a 24-hour trading volume of $216,819,214 ($216.81M).
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