Close Menu
Cryprovideos
    What's Hot

    Solely 320 Billion Shiba Inu Transacted in 24 Hours; Elon Musk Brings up Bitcoin 1st Time in 3 Years; 10,710,000,000 in DOGE as Open Curiosity Returns to Peak Ranges: Crypto Information Digest by U.As we speak

    June 4, 2025

    $400,000,000 Coinbase Hack Linked to India-Primarily based Worker Caught Taking Images of Pc Display: Report – The Every day Hodl

    June 4, 2025

    XRP Ledger battles inflow of rip-off crypto tasks as Ripple eyes world monetary position

    June 4, 2025
    Facebook X (Twitter) Instagram
    Cryprovideos
    • Home
    • Crypto News
    • Bitcoin
    • Altcoins
    • Markets
    Cryprovideos
    Home»Markets»400 Billion Shiba Inu Moved: Is A SHIB Value Crash Coming?
    400 Billion Shiba Inu Moved: Is A SHIB Value Crash Coming?
    Markets

    400 Billion Shiba Inu Moved: Is A SHIB Value Crash Coming?

    By Crypto EditorDecember 19, 2024No Comments3 Mins Read
    Share
    Facebook Twitter LinkedIn Pinterest Email


    Este artículo también está disponible en español.

    A major Shiba Inu (SHIB) switch has caught the eye of merchants at the moment, December 19, as an early and extremely worthwhile SHIB whale moved practically 400 billion tokens. On-chain evaluation service Spot On Chain (@spotonchain) highlighted that this well-known early purchaser deposited 399.99B SHIB (value $9.69 million) to Gemini, constructing on a historical past of considerable good points after initially buying 15.2 trillion SHIB in August 2020 for a mere 10 ETH.

    Spot On Chain wrote through X: “This early $SHIB whale with a $108M revenue simply additional deposited 399.99B $SHIB ($9.69M) to Gemini previously hour. Notably, on Aug 7, 2020, this whale purchased 15.2T SHIB for simply 10 ETH. Now, the whale nonetheless holds 2T SHIB ($48.54M) with an estimated whole revenue of $107.7M (3.7x return) from SHIB.”

    400 Billion Shiba Inu Moved: Is A SHIB Value Crash Coming?
    Shiba Inu whale “0xd6b” | Supply: @spotonchain

    This isn’t the primary time such profit-taking has occurred by the nameless whale. In mid-November, Spot On Chain famous that the identical early purchaser (handle “0xd6b”) was “again to dump tokens after 8 months of inactivity,” depositing 100 billion SHIB (value $2.81 million on the time) to Gemini. Previous to that, the whale was final lively in March, transferring 200 billion SHIB to each Gemini and Crypto.com.

    Associated Studying

    Shiba Inu Value Drops

    Inside the final 24 hours, SHIB’s worth has declined roughly 6.2%, extending a short-term downward transfer that noticed a ten% drop on December 18.

    Notably, a lot of this weak point aligns with the broader crypto market downturn following the latest Federal Open Market Committee (FOMC) press convention. Though the anticipated 25 bps fee hike was delivered, Fed Chair Jerome Powell’s emphasis on a extra restrained strategy to rate of interest cuts in 2024 resulted in a bearish market response throughout digital property.

    Regardless of these macro headwinds and the high-profile whale sell-off, Shiba Inu’s larger timeframe technical construction stays comparatively secure. Within the each day chart, SHIB held key assist which is the 100-day EMA which has confirmed to be a formidable assist degree for SHIB because the worth first ascended above it in late September.

    Associated Studying

    Marked by the yellow circles on the chart, this EMA has repeatedly served as an important pivot level for worth motion, sustaining assist for the fifth time throughout the noticed interval. At the moment, the 100-day EMA sits at roughly $0.00002264

    Shiba Inu price
    Shiba Inu worth, 1-day chart | Supply: SHIBUSDT on TradingView.com

    Moreover, SHIB stays above the 0.382 Fibonacci retracement degree at $0.00002409, one other essential threshold at present being watched by analysts. The 0.5 Fibonacci degree at $0.00002821 marks a pivotal midpoint from the latest high-to-low vary, serving as a psychological take a look at for merchants ought to SHIB try a restoration.

    Past that, additional upside resistance ranges await on the 0.618 Fib ($0.00003234) and 0.786 Fib ($0.00003821), potential obstacles if bullish momentum returns.

    Featured picture from Shutterstock, chart from TradingView.com



    Supply hyperlink

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    Floating-Level 8: Revolutionizing AI Coaching with Decrease Precision

    June 4, 2025

    fly.commerce is Launching $FLY on Sonic

    June 4, 2025

    ADA Breaks Down however Finds Hope in Key Demand Zone – BlockNews

    June 4, 2025

    $92,000,000,000 Asset Supervisor Says US Greenback Overvalued for ‘Many Years Now,’ Warns Development Will Finally Be Down for American Foreign money – The Every day Hodl

    June 4, 2025
    Latest Posts

    Solely 320 Billion Shiba Inu Transacted in 24 Hours; Elon Musk Brings up Bitcoin 1st Time in 3 Years; 10,710,000,000 in DOGE as Open Curiosity Returns to Peak Ranges: Crypto Information Digest by U.As we speak

    June 4, 2025

    Semler Scientific Acquires 185 Bitcoin, Growing Complete Holdings To 4,449 BTC

    June 4, 2025

    Worth predictions 6/4: BTC, ETH, XRP, BNB, SOL, DOGE, ADA, SUI, HYPE, LINK

    June 4, 2025

    Armstrong, Musk Slam U.S. Debt, Warn of Bitcoin Shift – Bitbo

    June 4, 2025

    Reality Social Seeks to Launch Spot Bitcoin ETF through NYSE Arca

    June 4, 2025

    An settlement in South Korea: new treasurer for Bitcoin

    June 4, 2025

    Shockingly Bullish Bitcoin Value Prediction Made by Legendary Enterprise Capitalist

    June 4, 2025

    South Korea’s new president races to approve Bitcoin ETFs for 16 million merchants

    June 4, 2025

    CryptoVideos.net is your premier destination for all things cryptocurrency. Our platform provides the latest updates in crypto news, expert price analysis, and valuable insights from top crypto influencers to keep you informed and ahead in the fast-paced world of digital assets. Whether you’re an experienced trader, investor, or just starting in the crypto space, our comprehensive collection of videos and articles covers trending topics, market forecasts, blockchain technology, and more. We aim to simplify complex market movements and provide a trustworthy, user-friendly resource for anyone looking to deepen their understanding of the crypto industry. Stay tuned to CryptoVideos.net to make informed decisions and keep up with emerging trends in the world of cryptocurrency.

    Top Insights

    Crypto group asks Trump to finish prosecution of crypto devs, Roman Storm

    April 29, 2025

    FreeDum Fighters Soars Previous $700K In Presale, Solely 5 Days Left Earlier than DEX Launch – Subsequent Crypto To Explode?

    December 3, 2024

    Huge Whale Exercise Detected on Binance as Bitcoin Assessments New Highs

    May 27, 2025

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    • Home
    • Privacy Policy
    • Contact us
    © 2025 CryptoVideos. Designed by MAXBIT.

    Type above and press Enter to search. Press Esc to cancel.