Shiba

Arkham

Million

Shiba Inu

<figure>
 <figcaption>
 Cover image via <a href="https://u.today/" rel="noopener noreferrer nofollow">U.Today</a>
 </figcaption>
</figure>
In an eye-catching turn of events, data from&nbsp;<a href="https://platform.arkhamintelligence.com/explorer/address/0xB4FE28705a076aF670f1AC29c1Ba708b63cB8F51" rel="noopener noreferrer nofollow">Arkham Intelligence</a> has revealed that an enigmatic whale investor has pulled out a staggering 40.47 billion SHIB, totaling an impressive $1.04 million, from the world's largest crypto exchange, Binance. The recipient of this substantial transfer is identified as wallet address "0xB4F."
What adds a layer of intrigue to this substantial withdrawal is the historical context. Records indicate that this is not the first colossal movement of&nbsp;<a href="https://u.today/shiba-inu-insider-issues-wake-up-call-on-shib-btc" rel="noopener noreferrer nofollow">SHIB</a> for wallet address "0xB4F." A mere three months ago, the same address executed a transfer of 5.07 billion SHIB.
The source of these tokens was traced back to another mysterious wallet, now holding 27.616 billion SHIB, amounting to approximately $685,970. As it stands, wallet address "0xB4F" currently houses a jaw-dropping 45.54 billion SHIB, valued at around $1.13 million. <img alt="&quot;&quot;" data-entity-type="file" data-entity-uuid="aa400930-8b4f-4711-94a7-31ba5b1247d7" src="https://u.today/sites/default/files/inline-images/arkhamm.png">Source: <a href="https://platform.arkhamintelligence.com/explorer/address/0xB4FE28705a076aF670f1AC29c1Ba708b63cB8F51" rel="noopener noreferrer nofollow">Arkham Intelligence</a>
<h2 id="next-major-level-for-shiba-inu-shib">Next major level for Shiba Inu (SHIB)</h2>
The timing of this significant withdrawal aligns with an exciting period of price volatility within the&nbsp;<a href="https://u.today/shiba-inu-insider-issues-wake-up-call-on-shib-btc" rel="noopener noreferrer nofollow">Shiba Inu (SHIB)</a> ecosystem. Over the past five days, SHIB has surged by nearly 20%, catapulting its value to $0.0000247. Analysis of the weekly chart highlights a notable resistance level of $0.00003, while the $0.00002 mark serves as a crucial support threshold, which SHIB revisited just last Wednesday. <img alt="&quot;&quot;" data-entity-type="file" data-entity-uuid="a62ff605-edaf-4daa-97fc-5850da8d3f2a" src="https://u.today/sites/default/files/inline-images/shibbbrpice.png">SHIB to USD by <a href="https://coinmarketcap.com/currencies/shiba-inu/" rel="noopener noreferrer nofollow">CoinMarketCap</a>
Given the prevailing bullish sentiment on the cryptocurrency market, speculation is rife regarding the potential trajectory of SHIB's price.
With the looming possibility of breaching the $0.00003 resistance level, the withdrawal of such a significant volume of&nbsp;<a href="https://u.today/is-it-too-early-to-celebrate-shiba-inu-shib-0000025-comeback" rel="noopener noreferrer nofollow">Shiba Inu</a> tokens by an undisclosed whale appears to be a strategic move aimed at capitalizing on the anticipated uptrend.

Mysterious Whale Withdraws $1 Million in Shiba Inu as SHIB Price Targets $0.00003

Table of Contents

U_Today

Other articles published on May 6, 2024

Bitcoin Futures Indicate Strong Bullish Momentum Ahead

What is TheDonato Creator Token (DON) and How to Buy DON?

Ethereum’s Price Climbs Above $3100

Google and African Union launch #DiscoverMyAfrica, a month-long celebration of creativity and inn...

Bitcoin marks 1 billion transactions as scalability debates intensify

Bitcoin (BTC) Resilience Amid Liquidation Dip: Maintains $60K Stand – Future Predictions

Join our free newsletter for daily crypto updates!