Shiba Inu Breaks Critical Resistance, As New Whale Purchases 119B Shiba Inu

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Shiba Inu (SHIB) continues to give birth to new wallets. The nascent whale has just spent $1.24 million on a substantial amount of SHIB.

Etherscan.io recently reported that an anonymous whale emerged and scooped up a whopping 119,384,114,306 (119.38B) SHIB, worth $1,243,982 ($1.24M), in her first-ever transaction, which took place about 10 hours ago.

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Shiba Inu has given birth to a second whale in less than a week. According to TheCryptoBasic, a newly born whale accumulated a 3,363,854,488,205 (3.36T) SHIB worth $33,672,183 ($33.67M) in one transaction on October 24th.

The Whales’ interest in the world’s second-largest canine-themed cryptocurrency was rekindled after Bitstamp, the world’s leading cryptocurrency exchange based in Luxembourg, enabled US users to trade Shiba Inu with two trading pairs, SHIB/USD and SHIB/EUR.

Furthermore, the massive Whale accumulation assisted Shiba Inu in breaking through the critical resistance level at $0.00001020 on the 4-hour chart. Shiba Inu has been trading below that level since October 18th.

Read Also: Shiba Inu Burn Rate Increased by 1493% in the Last 24 Hours, Despite Only 147M Shib Burned in the Previous Week

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Shiba Inu is trading at $0.00001042, up 4.19% from the previous day, with a 24-hour trading volume of $267,762,311 ($267.76M).