Mysterious Wallet Transfers 1.06 Trillion Shiba Inu (SHIB) to Coinbase

Mysterious Wallet Moved 1.06 Trillion Shiba Inu (SHIB), Worth $12.15 Million to Coinbase.

In one record transaction, a mysterious wallet transferred $12,156,362 (12.15M) worth of Shiba Inu (SHIB) to Coinbase. The transaction occurred after the price of Shiba Inu retreated from the critical resistance level located at $0.00001157 on the 4-hour chart.

Whale Alert reports that the mysterious wallet had transferred a herculean 1,060,594,914,000 (1.06T) SHIB, worth $12,156,362 ($12.15M), to Coinbase, the largest cryptocurrency exchange in the United States by trading volume. The mighty transfer was executed in one robust transaction about an hour ago.

🚨 1,060,594,914,048 #SHIB (12,156,362 USD) transferred from unknown wallet to #Coinbasehttps://t.co/fU8ESO1N1V

— Whale Alert (@whale_alert) October 5, 2022

The transfer occurred soon after Shiba Inu retreated from the critical resistance level at $0.00001157 on the 4-hour chart. Since September 24^th, SHIB has been trading in a sideways pattern within a narrow price range extending from $0.00001077 to $0.00001157.

On October 5^th, the most popular canine-themed cryptocurrency experienced a significant surge in its daily trading volume. It registered a two-week high price of $0.00001178 while trying to pierce the key barrier but unfortunately failed to stabilize its value and fell back a little.

At the time of writing, the world’s second-biggest canine-themed cryptocurrency in terms of market cap is flirting with a key resistance level. Shib is trading around $0.00001151, up 2.83% over the last day, with a 24-hour trading volume of $339,434,345 ($339.43M).

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