Shiba Inu Dip Bought as Top Whale Adds 311B SHIB

Major ETH Whale scooped up $3.32 million worth of Shiba Inu (SHIB) in the past 24 hours.

WhaleStats, a leading blockchain tracking platform, recently reported that the 254th biggest ETH Whale has just accumulated a staggering 311,998,734,794 (311.99B) SHIB, worth $3,325,906 ($3.32M) through two separate transactions in the past 24 hours.

Breakdown of Transactions

BlueWhake0073 spent $2,069,263 ($2.06M) to purchase a whopping 194,114,774,578 (194.11B) SHIB in her first transaction executed about 10 hours ago from press time.

🐋 ETH whale “BlueWhale0073” just bought 194,114,774,578 $shib ($2,069,263 USD).

Ranked #254 on WhaleStats: https://t.co/RBupemZyZX

Transaction: https://t.co/MuxBFmFFUK#SHIB #ShibArmy

— WhaleStats (tracking crypto whales) (@WhaleStats) April 20, 2023

A few minutes later, the top ETH Whale executed her second buy transaction and added 117,883,960,216 (117.88B) SHIB, worth $1,256,643 ($1.25M) to her portfolio.

🐋 ETH whale “BlueWhale0073” just bought 117,883,960,216 $shib ($1,256,643 USD).

Ranked #254 on WhaleStats: https://t.co/RBupemZyZX

Transaction: https://t.co/St5lRZoamX#SHIB #ShibArmy

— WhaleStats (tracking crypto whales) (@WhaleStats) April 20, 2023

The whale accumulated 311,998,734,794 (311.99B) Shiba Inu in two transactions.

Shiba Inu Price

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This sudden accumulation comes after Shiba Inu’s price experienced a dip towards a critical support level located at $0.00001017 on the daily chart.

Despite the dip, SHIB has managed to maintain its short-term uptrend, with the price currently trading sideways within a narrow range of $0.000001017 to $0.00001190 since March 12th.

However, the Shiba Inu bulls must defend the $0.000001017 level to continue this uptrend. If SHIB fails to do so, the bears could take over and push the SHIB price down further by 20% to the next support level located at $0.00000820.

Currently Shiba Inu is trading at $0.00001055, down 3.5% in 24 hours.

On the other hand, Shiba Inu is undergoing various developments. Recently, Biconomy Global, a leading crypto derivatives exchange, has introduced futures trading for Shiba Inu by adding a SHIB/USDT perpetual future trading pair to its platform with leverage of up to 50x. In addition, Shiba Inu has become the top Google-searched coin in Turkey.

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