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Recently, a massive crypto transaction of Shiba Inu was noted by a crypto whale.
In the transaction, 3,388,119,787,804 SHIB worth about $34 Million got transferred from unknown wallet to unknown wallet.
The most advanced blockchain tracker and analytics system, Whale Alert, a high-net-worth crypto investor transferred a huge amount of meme coin, Shiba Inu (SHIB) in a single transaction.
The data sourced from whale-surveying platform, Whale Alert, the deep-pocketed investor quickly and without warning shifted 3,388,119,787,804 SHIB worth roughly $34 Million from an unknown wallet to another one.
As per the analysis of the blockchain search engine, Etherscan, the sending wallet got totally abandoned as it no longer holds any funds or digital assets. On the other hand, the receiving wallet, which was empty before, now had the Millions of Dollars worth of SHIB that was sent.
Also, Etherscan data, showed the 50th richest Shiba Inu Whale contributed an incredible 125.34 billion SHIB, worth around $1.32 Million, in two separate transactions.
After that, the Whale added 63.60 Billion SHIB, or $673,537, to its wallet, which increased the number of Shiba Inu it owned. Additionally, the seventh-largest Shiba Inu whale surfaced and made a sizable purchase of 131.63 Billion SHIB, or approx. $1.39 Million. And, the famous Shiba Inu Whale now has 15.44 Trillion SHIB (approximately $163.51 Million) in her wallet. The world’s second-largest canine-themed cryptocurrency by market cap dropped below a critical support level, sparking renewed interest in SHIB.
However, following the huge accumulation of Whales, the price of SHIB/USD quickly recovered.
In the continuation, on October 19, Shiba Inu tried to break the significant support level of $0.0000094 on the four-hour chart. Luckily, it got unsuccessful, as two anonymous, wealthy Shiba Inu buyers invested a staggering $2.72 Million in three significant transactions to purchase 256.98 Billion SHIB.
In addition, the meme token, SHIB has seen rise in its use cases, as on October 11, 2022 Coinbase announced its partnership with Google Cloud to accelerate web3 adoption and innovation. This partnership would see Shiba Inu along with ashite of other altcoins that will be accepted by Google Cloud.
SHIB Price Analysis
CoinMarketCap: Shiba Inu to USD Chart
The above graph shows the recent seven days price performance of Shiba Inu. At the time of writing, Shiba Inu is currently trading at $0.000010 USD with a 24-hour trading volume of $166.31 Million USD. Shiba Inu is down 2.83% in the last 24 hours. Its current CoinMarketCap ranking is #15, with a live market cap of $5.36 Billion USD.
Andrew is a blockchain developer who developed his interest in cryptocurrencies while his post-graduation. He is a keen observer of details and shares his passion for writing along with being a developer. His backend knowledge about blockchain helps him give a unique perspective to his writing
Shiba Inu price has lost 6% of market value during this week’s decline.
SHIB has breached extremely oversold levels on the Relative Strength Index and shows a newly established bearish divergence.
Invalidation of the bearish outlook is a breach above $0.00001040.
Shiba Inu price hints that a strong downtrend move is underway. Key levels have been identified to gauge the strength of the bears.
Shiba Inu price continues to decline
Shiba Inu price has become a problematic digital asset to hold as the notorious meme continues to lose market value throughout October. The bulls have lost support from the $0.00001000 level, and there is no evidence to believe the downtrend is ready to end.
During the third trading week of October, the bears caused a 6% loss in market value. The decrease in price was catalyzed by the bears’ rejection from the 8-day exponential moving average on Sunday, October 9.
Shiiba Inu price currently auctions at $0.00000989. The Relative Strength Index is back in oversold territory and has produced a bearish divergence between the last two countertrend retaliations. If the technicals are correct, SHIB investors could face serious pain. The bearish targets lie at $0.00000900 and $0.00000750. If these levels do not hold, a breach into $0.00000700 is very likely. Such a move would result in a 30% decline.
SHIB USDT 4-Hour Chart
Invalidation of the bearish thesis could occur if the bulls re-hurdle the $0.00001040 liquidity zone. A spike through the prior resistance area could trigger a countertrend rally toward the 21-day simple moving average at $0.0001074. The price of Shiba Inu will rise by 10% if the invalidation scenario occurs.
A high-net-worth crypto investor is suddenly moving a massive amount of meme asset Shiba Inu (SHIB) in a single transaction.
According to new data from whale-surveying platform Whale Alert, the deep-pocketed investor abruptly shifted 3,388,119,787,804 SHIB worth about $34 million at time of writing from one unknown wallet to another.
The sending wallet has been completely emptied as it no longer holds any funds or digital assets while the receiving wallet, which was empty before, now holds the millions of dollars worth of SHIB it was sent, according to the blockchain search engine Etherscan.
Recently, SHIB has seen rising use cases. In a recent company blog post, Coinbase chief product officer Surojit Chatterjee announced a partnership with tech giant Google that would see Shiba Inu along with a suite of other altcoins be accepted by Google Cloud.
“Google Cloud will be positioned to enable select customers, starting with those in the Web3 ecosystem, to pay for its cloud services via select cryptocurrencies through Coinbase Commerce.
Coinbase Commerce is a platform that helps merchants anywhere in the world accept cryptocurrency payments. Merchants can get paid in crypto, and access powerful tools for crypto integration and business analysis.”
SHIB is changing hands for $0.00001 at time of writing, a 1% dip during the last 24 hours. Don’t Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
The cryptocurrency market has been fluctuating for several weeks now. Nevertheless, there are indications that cryptos such as Shiba Inu (SHIB) and OKB (OKB) may be gearing up for potential bullish performance. This state of affairs comes as Big Eyes (BIG), a potential next big cryptocurrency, gains pre-sale popularity.
Undoubtedly, these cryptos have so much potential in these coins, making buying into them worth prioritizing. Thus, this article discusses what the numbers are for Big Eyes (BIG) and why Shiba Inu (SHIB) and OKB (OKB) may be preparing to embark on a bull run. Let us take a look.
Buy Big Eyes Coin For A Chance To Earn Big
The Big Eyes (BIG) pre-sale indicates that the new cryptocurrency is becoming popular among crypto enthusiasts. At the time of writing, Big Eyes (BIG)—now in Stage 5 of its pre-sale—has raised over $7.1 million, with the new altcoin fast selling out.
Big Eyes (BIG) is a community-focused meme token seeking to disrupt the meme sector by revolutionizing how meme tokens function. As such, Big Eye (BIG) aims to drive wealth into the decentralized finance (DeFi) sector by leveraging the wealth-generating capability of non-fungible tokens (NFTs).
Big Eyes’ (BIG) promises to enable users to become wealthy. This promise may be why crypto enthusiasts are rushing to buy the new cryptocurrency, especially during the bear market when many other cryptos are failing to live up to expectations
Watch Out For Shiba Inu As Its Ecosystem Grows
At the beginning of the bear market, Shiba Inu’s (SHIB) price drop was very sporadic, leading analysts to predict that it may not sustain the bear market.
However, its price performance has normalized since the altcoin’s recent drop to 15th position on the list of largest cryptos by market capitalization, per CoinMarketCap.
As things stand, the number of crypto enthusiasts showing interest in Shiba Inu (SHIB) is growing steadily. This surge in interest is due to Shiba Inu’s (SHIB) growing ecosystem, which features several key products and beneficial offerings.
Per reports, the number of Shiba Inu (SHIB) holders reached a new all-time high of 2,193,520 a day after the launch of the long-awaited Shiba Eternity play-to-earn (P2E) game. Statistics also show that the number of Shiba Inu (SHIB) holders has increased by 171,763 since July, with 104,200 being added only since September.
In the coming months, more upcoming developments will be key in growing Shina Inu’s (SHIB) price. Also, the growing number of Shiba Inu (SHIB) holders means the altcoin may be on the verge of embarking on a bull run, which will make its price explode.
OKB Is Still In The Game
OKB (OKB) is a cryptocurrency on a steady upward trend. Despite bear market effects, OKB (OKB) continues to stay true to its promise of helping users experience a better future. OKB (OKB) enables users to explore the worlds of decentralized finance (DeFi), decentralized apps (dApps), NFTs, and gaming finance (GameFi).
In September, OKB (OKB) witnessed an over 20% price increase to reach $16.56, up from around $13. Although OKB’s (OKB) price is unsteady due to bear market conditions, reports indicate that the altcoin is currently enjoying increased buy support.
OKB’s (OKB) price is on an uptrend amid short periods of decline, meaning the altcoin may be on its way to a sustained bull run. Experts believe that this could push its price to $20 before the end of 2022.
Based on what we have seen, Shiba Inu (SHIB) and OKB (OKB) are worth keeping an eye on and adding to your portfolio. Both altcoins’ roadmaps show that there is much to look forward to between now and the coming years. Like them, Big Eyes (BIG) boasts a robust roadmap that could help it surpass expectations when it hits the market.
Big Eyes (BIG) currently ranks among the most anticipated cryptos in 2022, and you should leverage its low price to buy the potential next big cryptocurrency during the bear market.
For more information on Big Eyes (BIG), visit these links:
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The reader is further advised that Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions.
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Andrew is a blockchain developer who developed his interest in cryptocurrencies while his post-graduation. He is a keen observer of details and shares his passion for writing along with being a developer. His backend knowledge about blockchain helps him give a unique perspective to his writing
