Gus – Cryptocurrency expert
A significant ETH investor has added a large number of Shiba Inu (SHIB) to his wallets, according to the data tracker WhaleStats portal. The WhaleStats platform keeps track of the top 100 Ethereum, BSC, and other main chain wallets.
The data platform said on Twitter that the owner of the wallet "BlueWhale0073" bought a total of 86,740,251,500 SHIB coins. The total would be $1,015,728. This investor is said to utilize SHIB as a speculative asset, since they have been witnessed selling them off immediately after obtaining them. SHIB also accounts for only 0.2 percent of the whale's assets. According to new data from WhaleStats, the quantity of Shiba Inu owned by big Ethereum wallets has decreased in the previous 24 hours.
The meme cryptocurrency investment has been flashing red with a -0.5 percent decline in the last 24 hours, moving in lockstep with the rest of the market. SHIB is now trading for $0.00001164.
The meme currency looks to have found support around the $0.000011 level, which is excellent news for SHIB investors. Since May 14, the stock has been trading above this critical level for the previous 11 days. SHIB's recent price behavior appears to be comparable to that of late January 2022. On 7 February, its price surged by approximately 100%, reaching a high of $0.000035.
Shiba Inu might try a rise to $0.0000196, which analysts say would operate as a significant barrier, if buyers force the price beyond $0.000014.
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