Summary
TLDR: A crypto whale known as ‘0x30e’ sold 421.6 billion SHIB tokens for $3.98 million, resulting in a loss of $6.32 million. Despite the large transaction, SHIB’s price has only seen minimal movement, currently trading at $0.000009623. Analysts suggest that SHIB is struggling to surpass $0.00001 due to resistance at $0.0000098. The Shiba Inu ecosystem is experiencing growth, with the recent sell-out of Sheboshi NFT collections hinting at future advancements.
Key Points
1. SpotOnChain reported a significant transfer of 421.6 billion SHIB tokens by a crypto whale identified as ‘0x30e.’ The transaction has stirred interest among the SHIBArmy.
2. The crypto whale sold 421.6 billion SHIB tokens at $0.000009437 each, totaling $3.98 million. The transaction was executed on Binance and an undisclosed Decentralized Exchange (DEX).
3. Despite the significant transaction, SHIB’s price performance has seen only mild activity, with the token experiencing a minimal movement of about 0.1% over the past day. Crypto analyst King Thies noted that SHIB’s price is attempting to reach $0.00001 but faces resistance at the $0.0000098 mark.