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Shiba Inu Dip Bought as Top Whale Adds 311B SHIB

One of the largest Ethereum whales has purchased $3.32 million worth of Shiba Inu (SHIB) through two separate transactions in the past 24 hours, according to WhaleStats. The whale, ranked #254 on WhaleStats, accumulated 311.99 billion SHIB in total. This purchase comes after SHIB experienced a dip in price towards a critical support level of $0.00001017 on the daily chart. Despite the dip, SHIB has maintained its short-term uptrend, with the price currently trading sideways within a range of $0.000001017 to $0.00001190 since March 12th. However, Shiba Inu bulls must defend the $0.000001017 level to continue the uptrend. If SHIB fails to do so, the bears could push the price down by 20% to the next support level of $0.00000820.

(By ZABI)

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