Shiba Inu Price Turns Green as Unknown Whale Buys Billions of SHIB

Gamza Khanzadaev

Shiba Inu price chart prints green candle, while mysterious whale buys 34 billion SHIB

Shiba Inu Price Turns Green as Unknown Whale Buys Billions of SHIB

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In a stunning turn of events, the Shiba Inu token, SHIB, has experienced a surge in price today, coinciding with mysterious whale activity.

Just under an hour ago, an unknown, enigmatic buyer made a series of significant purchases, accumulating over 36 billion Shiba Inu tokens in dozens of tranches. Each one contained an impressive quantity of SHIB, ranging from 100,000 to a million tokens, ultimately translating to a whopping $288,000 in total.

This whale now holds an astounding 58.58 billion SHIB tokens, equivalent to $468,650, in its wallet, raising questions about their intentions and the impact on SHIB’s market dynamics.

Shiba Inu (SHIB) price goes up

Remarkably, this intriguing whale activity coincided with a surge in SHIB’s price, manifesting in green candles on its price chart. Notably, while Bitcoin and Ethereum were either stagnant or in a downturn, Shiba Inu’s value saw an upward trajectory, trying to take over an important resistance level.

The key resistance range, fluctuating between $0.000008 and $0.0000084, has been a formidable barrier for SHIB in recent weeks. Breaking through this range may pave the way for SHIB to ascend to $0.00001 per token, erasing yet another “0” from its price value.

The burning question on everyone’s mind is whether this mysterious whale’s activity serves as a precursor to an impending price rally for Shiba Inu. For now, the answer remains a mystery, with only time and the SHIB price chart capable of unveiling the truth.

About the author

Gamza Khanzadaev

Financial analyst, trader and crypto enthusiast.

Gamza graduated with a degree in finance and credit with a specialization in securities and financial derivatives. He then also completed a master’s program in banking and asset management.

He wants to have a hand in covering economic and fintech topics, as well as educate more people about cryptocurrencies and blockchain.

Source: https://u.today/shiba-inu-price-turns-green-as-unknown-whale-buys-billions-of-shib