Ethereum’s Ninth Largest Whale Buys 72.266.047.517 From Shiba Inu Awaiting New Meteoric High Of Up To 40%

Republished By Plato

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(Shib price) The ninth largest Ethereum whale on the market has purchased 72.266.047.517.25 from Shib Inu and now owns a total of 1.831.517.309.563.27 SHIB. New historic high ahead?

Although the Shiba Inu (SHIB) price has lost more than 50% of its value since the cryptoactive registered its highest historical value in October (US$ 0.000086), this did not discourage SHIB investors, on the contrary, the movement downward is increasingly attracting the Great Ethereum Whales (ETH).

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Blockchain data has revealed that ETH whales are accumulating SHIB which has become one of the favorite tokens of great Ethereum keepers. Proof of this is that the ninth largest Ethereum whale on the market recently bought 72,266,047,517.25 from Shib Inu, which corresponds to more than $2.57 million.

According to whale monitoring website WhaleStats, the massive portfolio now holds a total of 1,831,517,309,563.27 SHIB. In addition, the address contains 347 cryptoactives worth over $286.11 million.

The latest figures from WhaleStats show that, in the last 30 days, investors in cryptomeda, in addition to SHIB, have purchased an average of $8.42 million of Ethereum (ETH), $2.89 million of Stablecoin Tether (USDT) and $2 .46 million FTX Token (FTT), the native token of the FTX cryptographic derivatives exchange.

Shib Price

The interest of major Ethereum investors in Shiba Inu may be related to an expectation when the memecoin appreciation, which according to the analyst known as Altcoin Sherpa, is ready to start a big bullish movement.

According to the cryptocurrency strategist, SHIB price can take a quick leap if it manages to break a key resistance that has been acting as a limiter for the cryptoactive price.

“SHIB: The short-term fund is probably in. Waiting for some kind of lower rally to form. If this consolidates at 0.50 [Fibonacci level], a more explosive move will come (but it will take much longer in my opinion). ”

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