This Shiba Inu Whale Just Grabbed 42 Billion SHIB Tokens – U.Today


Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.
An anonymous Shiba Inu whale has made a large purchase worth approximately $1 million as the memetoken reaches the local bottom, WhaleStats and TradingView report.
According to data from whale-tier wallet tracking service WhaleStats, the wallet made a large purchase on March 5 at 5:00 a.m. UTC. The receiving address now holds $109.2 million worth of various tokens, including Shiba Inu, USDT, SAND and MANA.
The second-largest holding in the whale’s wallet is Tether’s USDT stablecoin on the Ethereum blockchain. Unfortunately, the wallet is not listed on WhaleStats’ list of the largest Ethereum addresses, hence, there is no way to determine the performance of the wallet, and the Shiba Inu position specifically.
According to TradingView, Shiba Inu has entered the zone of the local bottom of $0.000023 and also reached the 200-day moving average line that has been acting as a support zone for the token.

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Previously, SHIB had bounced from it to $0.000028 with the support of the rebound on the market. Unfortunately, the large purchase made by the whale could not help the memetoken with $12.9 billion market capitalization
At press time, the token trades at $0.00002375 and is losing almost 4% from its value in the last 24 hours. The sentiment on the market ‌remains neutral, with some positions gaining up to 9% to their value, while others trade at a 1-2% premium.

Arman Shirinyan is a trader, crypto enthusiast and SMM expert with more than four years of experience.
Arman strongly believes that cryptocurrencies and the blockchain will be of constant use in the future. Currently, he focuses on news, articles with deep analysis of crypto projects and technical analysis of cryptocurrency trading pairs.
Disclaimer: Any financial and market information given on U.Today is written for informational purpose only. Conduct your own research by contacting financial experts before making any investment decisions.

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