Shiba Inu remains relevant to Ethereum whales, especially BlueWhale0073 which recently purchased 163.28 billion SHIB tokens in one important transaction. Currently, the SHIB price stands at $0.0000090 on the daily chart after the memecoin regained its previous support level.
According to WhaleStats, a crypto whale tracker, the top ETH whale added more than $1.5 million worth of SHIB in a transaction to its wallet. BlueWhale reportedly picked up 163,286,048,050 (163.28B) SHIB tokens which is equivalent to $1,575,710 ($1.57M).
Shiba Inu Recovers Previous Support
The massive purchase from the giant ETH whale comes after the dog-themed token regains its resistance level (previous support), located at $0.0000090 on the daily chart. Additionally, Shiba Inu’s price increased more than 33% on June 21st. Therefore, this surge in SHIB prices results in the current resistance level breakout.
On Tuesday, the dogecoin killer experienced a bullish run from the price level of $0.000008049 and reached the high of $0.00001182, becoming the most profitable asset among the top 20 cryptocurrencies of the world. Afterwards, the price gets paused at the top and retraced towards the recent breakout level, standing at $0.0000090.
Currently, the SHIB token is exchanging hands at $0.00001001, a surge of 2% in less than 24 hours, with a trading volume of $1,114,581,370 ($1.11B).