- A whale investor withdraws 40.47 billion SHIB tokens from Binance, sparking intrigue and speculation in the Shiba Inu community.
- Address “0xB4F” receives attention as it holds many SHIB tokens, adding to the mystery.
- SHIB experiences heightened price volatility amidst the withdrawal, with $0.00003 emerging as a significant resistance level.
Shiba Inu tokens saw a significant withdrawal, catching the attention of investors and analysts. According to data from Arkham Intelligence, an unidentified whale investor has executed a substantial transaction, withdrawing 40.47 billion SHIB tokens from Binance.
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This withdrawal amounts to an impressive $1.04 million in monetary value. The recipient wallet address, labeled “0xB4F,” has become the focal point of attention due to its involvement in previous notable transactions involving SHIB tokens.
Records indicate that this address has been associated with transactions in the past, adding an element of mystery to its operations. Just three months ago, 5.07 billion SHIB tokens were transferred from the same wallet address. Further investigation reveals that the source of these tokens can be traced back to another enigmatic wallet, which currently holds approximately 27.616 billion SHIB tokens, valued at around $685,970.
Presently, wallet address “0xB4F” boasts a substantial holding of 45.54 billion SHIB tokens, equivalent to approximately $1.13 million.
Price Volatility and Speculation
Accompanying this withdrawal is a season of increased price volatility in the Shiba Inu (SHIB) ecosystem. During the last five days, SHIB has seen a remarkable value surge, posting almost 20% growth at $0.0000247. The weekly chart analysis provides notable resistance and support levels, with $0.00003 being a significant resistance level.
Though the cryptocurrency market is bullish, there has been much speculation about SHIB’s future price. Investors and analysts closely watch these developments to understand SHIB’s prospective direction and impact on the broader cryptocurrency arena.
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