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 an additional 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.
🐳 ETH whale "BlueWhale0073" just bought 142,670,797,289 $shib ($1,539,417 USD).
Ranked #293 on WhaleStats: https://t.co/RBupemZyZX
Transaction: https://t.co/CwcqgZFfne#SHIB #ShibArmy
— WhaleStats (tracking crypto whales) (@WhaleStats) May 26, 2022
This is the whale’s second notable transaction in less than 72 hours. pointing out. Kriptokoin.com previously purchased 86,740,251,500 (86.74 billion) SHIBs worth $1,015,728 ($1.015 million) in a single transaction on May 24 (Tuesday). 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).
According to analysts, 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.
