In a striking turn of events, data from Arkham Intelligence has revealed that an enigmatic whale investor has withdrawn a staggering 40.47 billion SHIB, totaling $1.04 million, from the world’s largest crypto exchange, Binance. The recipient of this important transfer is identified as the wallet address “0xB4F”.
In a striking turn of events, data from Arkham Intelligence has revealed that an enigmatic whale investor has withdrawn a staggering 40.47 billion SHIB, totaling $1.04 million, from the world’s largest crypto exchange, Binance. The recipient of this important transfer is identified as the wallet address “0xB4F”.
What adds a layer of intrigue to this substantial retreat is the historical context. Records indicate that this is not the first colossal SHIB move for the “0xB4F” wallet address. Just three months ago, the same management executed a transfer of 5.07 billion SHIB.
The source of these tokens can be traced back to another mysterious wallet, which now contains 27.616 billion SHIB, worth approximately $685,970. As it stands, the “0xB4F” wallet address currently hosts a staggering 45.54 billion SHIB, valued at around $1.13 million.
Next big level for Shiba Inu (SHIB)
The timing of this major pullback aligns with an exciting period of price volatility within the Shiba Inu (SHIB) ecosystem. In the last five days, SHIB has risen almost 20%, catapulting its value to $0.0000247. The weekly chart analysis highlights a notable resistance level of $0.00003, while the $0.00002 mark serves as a crucial support threshold, which SHIB revised last Wednesday.
Given the prevailing bullish sentiment in the cryptocurrency market, speculation is rife regarding the possible price trajectory of SHIB.
With the looming possibility of breaching the $0.00003 resistance level, the withdrawal of such a significant volume of Shiba Inu tokens by an undisclosed whale appears to be a strategic move aimed at capitalizing on the anticipated uptrend.
