Over 1 Trillion SHIB Is Transferred To Coinbase From An Unknown Wallet In One Transaction


According to the recent data shared by Whale Alert on its official handle, a whopping 1,060,594,914,000 (1.06T) SHIB, worth $12,156,362 ($12.15M), to Coinbase in one transaction.

Coinbase Receives A Whopping Amount Of SHIB From Unknown Wallet

Whale Alert stated that the massive transaction was done by an anonymous wallet to Coinbase, the US largest cryptocurrency exchange.

Read Also: Shiba Inu’s Metaverse Receives A Series Of Visuals Of Different Sections, Shiba Inu Shares The First Concept Art For Canyon

Shiba Inu Experiences Spike In Price After Overcoming Resistance

It is worth noting that the transaction was made following the Shiba Inu retreating from the resistance point at  $0.00001157 on the 4-hour chart. The chart reveals that the SHIB trading has been on a narrow sideway pattern extending from $0.00001077 to $0.00001157.

Shiba Inu Chart

Shiba Inu displayed some positive prominent move in price on October 5th, 2022 as it experienced a 2-week all-time high of $0.00001178 while trying to pierce the key barrier but unfortunately failed to stabilize its value and fell back a little.

Read Also: Ethereum’s Price Experiences A Spike Following The Whales’ Deposit On Exchanges

However, Shiba Inu, the second-largest meme cryptocurrency is at key resistance as it trades at around $0.00001151, up 2.83% over the last day, having a $339,434,345 24-hour trading volume.

Shytoshi Kusama Unveils Plans For Profits From Shiba Eternity

Shytoshi Kusama recently said a portion of profits from Shiba Eternity will be invested to brace up the community long-term. He further said noted that part of the gain would be sent to non-profit groups working towards good causes with nothing expected in return. While the developer does not specify the percentages for these projects, he asserts that no less than 45% of the proceeds for the game will be allocated to them.

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Cryptolifedigital is a cryptocurrency blogger and analyst known for providing insightful analysis and commentary on the ever-changing digital currency landscape. With a keen eye for market trends and a deep understanding of blockchain technology, Cryptolifedigital helps readers navigate the complexities of the crypto world, making informed investment decisions. Whether you're a seasoned investor or just starting out, Cryptolifedigital's analysis offers valuable insights into the world of cryptocurrency.