131 billion Shiba Inu (SHIB) grabbed by ETH whale as price nears rebound

An Ethereum whale who ranks 254th among WhaleStats tracks purchased a staggering 131,477,192,339 Shiba Inu (SHIB), worth $1,481,747, in a single transaction. An ETH whale named “BlueWhale0068” also purchased 91,956,507,830 SHIB for $1,162,330 during the week while SHIB experienced profit-taking.

Among the top 100 ETH whales, Shiba Inu holds the greatest token stake by dollar value, indicating that whales are still interested in SHIB. The top 5,000 ETH whales, according to WhaleStats, control a staggering $606,553,503 in SHIB. Its anticipated arrival may have influenced the whales’ feelings regarding Layer 2 Shibarium.

In a recent tweet, SHIB lead developer Shytoshi Kusama hinted about “finishing up” a task. He shared the link to the song “La Vedo Nera” by Dueuno, an Italian musical duo, on Twitter, saying, “on repeat while we finish up.”

Shiba Inu reached the crucial daily MA 200 support at $0.00001092, from which the price recovered, following the falls observed in the cryptocurrency market on March 3 due to the buzz surrounding the Silvergate bank.

While bulls attempt to reclaim ground considerably above this level, SHIB trades higher above this crucial support level. SHIB was slightly down over the previous 24 hours at the time of writing, trading at $0.00001132. If bulls attempt to reclaim ground succeeds, SHIB might test the short-term hurdle at $0.0000124. Before making a substantial move up or down, SHIB may also consolidate close to its current levels.

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