Shiba Inu (SHIB), worth a whopping $1.50 million, is transferred to Crypto.com by the largest ETH whale.
As Shiba Inu retreats from a crucial resistance level at $0.00001020 on the 4-hour chart, the Biggest ETH Whale just transferred an alarming 150 Billion SHIB to his Crypto.com wallet.
According to data from Etherscan.io, the largest ETH whale made a single, major transfer of 150,000,000,000 (150B) SHIB, or $1,504,500 ($1.50M), to a wallet connected to Crypto.com.
The wealthy ETH investor still possesses a staggering 23.44 trillion SHIB, valued at $235,194,672 ($235.19M).
Shiba Inu’s price immediately starts to retreat from the crucial resistance level at $0.00001020 on the 4-hour chart after the Whale transfers such a sizable amount of canine-themed cryptocurrency.
SHIB Retreats from Crucial Resistance following ETH Whale Selling
The Near-Term Trend Will Continue to be Sideways
Shiba Inu has been flat since October 18th, fluctuating slightly between $0.00000960 and $0.00001020.
A sideways trend will likely continue in the near future, according to the Whale’s selling at the top of the range.
As of this writing, the price of Shiba Inu is $0.000009983, down 0.06% from the previous day, with a 24-hour trading volume of $121,277,906 ($121.27M).
Shiba Inu has reportedly performed poorly for the last 30 days, according to Coingecko.
Shiba Inu is currently down -2.6% over the past week, -9.2% over the previous 14 days, and -9.7% over the last month as of the trade price.