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New whale adds 648B Shiba Inu at once.

A brand-new Shiba Inu Whale is born and becomes the 66th biggest Shiba Inu holder by adding millions of coins.

Etherscan.io data revealed that a brand-new Shiba Inu Whale scooped up a staggering 648,463,405,610 (648.46B) SHIB, worth $6,004,771 ($6.00M) in a single transaction from one of the unknown wallets.

Brand New Shiba Inu Whale Accumulated 6 Million USD Worth of SHIB
Brand New Shiba Inu Whale Accumulated 6 Million USD Worth of SHIB

The data further reveals that following the massive transaction, the nascent Whale makes it to the list of “Top 100 Shiba Inu Whales”. The Whale is now ranked as the 66th biggest holder of SHIB.

Nascent Whale Becomes 66th Biggest SHIB Holder
Nascent Whale Becomes 66th Biggest SHIB Holder.

The transaction comes after Shiba Inu’s price stabilizes above the critical support level at $0.00000886 on the daily chart. SHIB has been trading above this critical support level since November 23rd, 2022.

Shiba Inus Technical Analysis Daily Chart
Shiba Inus Technical Analysis Daily Chart

Being current support in place, the short-term bias is Bullish. But to surge higher, Shiba Inu must conquer the current resistance at $0.00000961. However, breaking below $0.00000886 will negate the bullish bias and could lead SHIB to reach the next critical support at $0.00000717 on the chart.

Besides this, Shiba Inu is still gaining much traction among exchanges. As reported earlier by TheCryptoBasic, a Singapore-based global crypto exchange, Bitcastle listed Shiba Inu with a special “LOGIN Bonus Campaign” for the community.

As of writing, Shiba Inu is trading at the price of $0.00000924, up 0.22% over the last day, with a 24-hour trading volume of $111,414,319 ($111.41M). In such a huge daily volume, the whale’s current $6M buying of SHib did not help the price to rise.

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Disclaimer: The content is for informational purposes only, may include the author’s personal opinion, and does not necessarily reflect the opinion of TheCryptoBasic. All Financial investments, including crypto, carry significant risk, so always do your complete research before investing. Never invest money you cannot afford to lose; the author or the publication does not hold any responsibility for your financial loss or gains.


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