Shiba Inu looks for breakout as Whales buy millions of dollars worth of SHIB
As per reports, A massive wallet identified as ETH whale spent almost $1.2 million and bought 49.9 billion SHIB coins.
New Delhi: Shiba Ina has continued to draw the attention of both beginner and veteran crypto investors/enthuthiasts as the recent price spike made the SHIB the new king of the meme coins. But still the main question remains the same, ‘Can this move sustain with time’.
As per reports, In the first week of the October an anonymous whale decided to buy almost 6.3 trillion SHIB in over 2 days and the coin’s price shooted up.
On October 14, DOGE killer Shiba Inu plunged down to the 14th position based on market capitalization as over$600 million was wiped off of SHIB market within the minutes. Some whales took the benefits of this dip and went on to buy $1.9 million worth of SHIB.
SHIB price is accumulating as the whales are trying to breaout from here.
As per reports, A massive wallet identified as ETH whale spent almost $1.2 million and bought 49.9 billion SHIB coins. Shiba Inu’s price may have plunged after a massive rally to the top but whales had their eyes on the coin as they accumulated the Dogecoin-killer throughout the dip.
Investors are expecting another bullrun for the Shiba Inu from here as the positive updates are coming from the SHIB ecosystem. Coincloud and Shiboshis are the new feature or update from the Shiba Inu ecosystem.
As per experts, Coin Cloud is considered to be the world’s largest network of 2-way digital currency machines with 4000 ATMs located across the US and Brazil.
Coin Cloud took to twitter to share this news:
You’ve been hearing all about #ShibaInu (SHIB) lately, but can’t figure out how to get some? We get you. It’s complicated and confusing. Until now! Here’s the easiest way to buy Shiba Inu Coin (and the fastest, too!) https://t.co/eB6xhQRhrg pic.twitter.com/rqMK7dDk4x
— Coin Cloud ? (@CoinCloudDCM) October 15, 2021
DOGE Killer Shiba Inu’s popularity is on the peak after its massive rally, meanwhile, CoinGecko has listed SHIB as one of the top 10 trending crypto her in Aisa.
Shiba Inu community expects the altcoin’s price to increase by 100% and hit the next target of $0.00005.
This is the price range for $SHIB!
It is accumulating in .2100 and .3500 channel!If it breaks the resistance, next target will be around .5000’s!
As $SHIB already did around 4 – 5x’es in less than a month, accumulation is quite normal I can say. pic.twitter.com/JVUBhAkEHb
— $SHIB KNIGHT (@army_shiba) October 16, 2021