As the bitcoin and altcoin market plunges deep into the red zone, the largest Ethereum whale has swallowed 142.67 billion Shiba Inu (SHIB) worth $1.53 million in the last 24 hours.
The biggest Ethereum whale is not giving up on this altcoin project!
Ethereum’s main stakeholder, the dog-themed altcoin project, has added another 142.67 billion SHIB worth $1.53M to its wallet as the dog-themed altcoin project has dropped further below the current support level at $0.00001125 on the 4-hour chart.
The largest ETH Whale named “BlueWhale0073” currently ranked 293 on whale watching platform WhaleStats, benefiting from discounted prices, with a significant transaction 142,670,797,289 (142.67 billion) He sacrificed another $1,539,417 ($1.53 million) to purchase the Shiba Inu token.
This is the whale’s second notable transaction in less than 72 hours. pointing out. As we mentioned in the news of Kriptokoin.com, on May 24 (Tuesday), it purchased 86,740,251,500 (86.74 billion) SHIBs worth $1,015,728 ($1.015 million) in a single transaction. So far this week, BlueWhale0073 has amassed a total of 229,411,048,789 (229.41 billion), worth $2,555,145 ($2.55 million) in two separate transactions.
Shiba Inu fell below current support level
The widespread selling in the global crypto market that started on May 9 is not over yet. Analysts note that the popular meme coin Shiba Inu has failed to maintain the current support level at $0.0001125 on the 4-hour chart.
In the last 24 hours, the Shiba Inu pierced the support level mentioned above and settled to a new low at $0.00001012. At the time of writing, SHIB is trading at $0.00001041, down 8.98% on a daily basis, with a 24-hour trading volume of $526,510,828 ($526.51 million).
If the price of SHIB dips below $0.000001012, it will open the doors for a retest of a historical support level located at $0.00000909. Analysts note that on the Flip side, the bulls will only take responsibility when SHIB is consistently trading above the critical resistance level at $0.000013.
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