421.6 Billion SHIB Sold by Mysterious Whale as Price Close to Burning Zero
👌🏻 According to a recently published tweet by the @spotonchain analytics platform, over the past 20 hours, a whale that had held almost half a trillion Shiba Inu meme coins has sold them at a massive loss.In the meantime, the second largest meme-inspired cryptocurrency Shiba Inu has closely approached the level where it can burn the fifth zero in its price.Mysterious whale deposits 421.6 billion SHIB to BinanceThe tweet from the above-mentioned on-chain data source states that the whale has sold a total of 421.6 billion at an average price of $0.000009437. The sale took place both on Binance and DEX (most likely, the Binance DEX in this context) — 311.6 billion Shiba Inu were sold on the Binance exchange and 110 billion SHIB were disposed of through the DEX.Additional data provided by @spotonchain beyond the tweet shows that this mysterious whale purchased these hundreds of billions of SHIB on HTX and Binance in November 2021. Prior to the current sale, the whale had held them for almost 2.5 years.Whale 0x30e allegedly sold 421.6B Shib($3.98M) at ~$0.0₅9437 in the past 6 hours, including:• deposited 311.6B M) to #Binance • sold 110B SDT on DEX.Truly selling now would cause the whale to lose $6.32M (-61.4%) after 2.5 years of holding!… pic.twitter.com/CGfN7CL42g— Spot On Chain (@spotonchain) February 24, 2024In case of a true sale, the analytics platform says, the whale will suffer a massive loss of $6.32 million.SHIB price close to removing zeroToday, the popular meme-themed cryptocurrency SHIB has printed a 3% rise, coming really close to the $0.00001 level, where one zero would be burned.On Tuesday, SHIB came even closer to breaking above that threshold as it reached $0.0000993. Since that, until earlier today, the Shiba Inu meme coin was in an almost 6% decline.At the time of writing this article, Shiba Inu is changing hands at $0.00000962 on the Binance exchange.SHIB burns stage riseShibburn transaction tracker spreads the word about a recent increase in the SHIB burn rate. It is marginal, though — 55.12% with a total of 52,059,153 SHIB transferred to unspendable wallets with a zero chance of withdrawal. The largest burn here took place six hours ago, sending 42,058,800 SHIB to a dead-end blockchain address. The second-largest one carried 9,992,557 SHIB.On Friday, the daily increase in SHIB burns comprised a whopping 8,512% with 86.1 million meme coins transacted to the zero SHIB addresses. .#TrendingTopic #Write2Earn #BTC #ETH
The trend is completely bearish, with the price continuing to drop. There is a descending trendline that OP has been moving below, having hit and dropped from it twice. It looks poised to break this trendline and start a new upward trend. The scenario involves breaking this trendline; if it breaks and retests, there is potential for an upward movement. #BNBHODLer #Megadrop #BinanceTournament #CertiKvsKraken #AirdropGuide $OP
PEPE is currently in a ranging and bearish trend, continuing its movement downward. It has been moving within a descending channel for quite some time, consistently trending lower. The scenario suggests another move downward, from where we might see an attempt to break through the top of the channel. #BNBHODLer #Megadrop #BinanceTournament #CertiKvsKraken #AirdropGuide $PEPE
Bitcoin is currently experiencing a pullback to the $65,000 range, a key support area. Following this correction, it is expected to initiate an upward leg targeting $68,000 and $70,000. This bullish outlook remains valid as long as the support level at $64,800 holds.
Welcome, Trader. Welcome to our cryptocurrency community!
We are going to discussing #RAYUSDT 💹
#RAYUSDT🔥🚀 --------------- Update:
#RAY forming a bullish peanut pattern on a 6 Hr time frame 👉✅. It take a bullish turn from the major support zone, which is expected by our ANALYSTS.😉📈 Ready to breakout to this pattern. In case of a successful breakout, we are expecting 52% move very soon📈👀 #BinanceTournament #AirdropGuide #BTCFOMCWatch #CPIAlert #ETHETFsApproved $RAY
Welcome, Trader. Welcome to our cryptocurrency community!
We are going to discussing #AXSUSDT 💹
#AXSUSDT🔥🚀 --------------- Update:
#AXS formed a descending channel pattern on a 6 Hr time frame 👉✅. Currently it is testing the major support area, Where we can see a possible bullish turn.😉👌📈 In case of a successful bull turn, we are expecting 31% move very soon📈👀 #BinanceTournament #AirdropGuide #BTCFOMCWatch #CPIAlert #ETHETFsApproved $AXS
Yello, traders! Have you been keeping an eye on #PEOPLEUSDT? If not, you might want to pay attention now. Let's analyze the PEOPLE Movement:
💎#PEOPLEUSDT has been navigating an ascending channel and is now retesting the channel's lower support. The volume is diminishing, and the broader market sentiment supports the likelihood of a correction. Here's what you need to know:
💎Support Test at $0.111: The asset is at a crucial support level of $0.111. The reaction here will be pivotal. If #PEOPLE breaks this support, it could head towards a lower demand level as highlighted in our chart.
💎Potential Breakdown: There's a high probability that PEOPLE will break through this support, propelled by diminishing volume and macro market trends. This move would confirm a downward trend within the ascending channel.
Alternative Scenarios:
💎If PEOPLE manages to stay above $0.111, it might retest the ascending channel's upper resistance. This resistance test could either push the price downward again or lead to a continuation of the upward trend if breached.
💎If PEOPLE keeps rising and breaks the ascending resistance, it would invalidate the current correction outlook and signal a potential bullish phase.
Hey traders hope you are enjoying our analysis. Now we are here again with a new trading opportunity. We will discuss today abou LEVER LEVER 12H Time frame ⏰
The Bullish rectangle pattern Breakout has Already Done ✅
Hey traders hope you are enjoying our analysis. Now we are here again with a new trading opportunity. We will discuss today about BLZ BLZ 12H Time frame ⏰
SEI experienced a fakeout above the triangle and then instantly dropped back down. The price managed to hold at the support trendline, maintaining the integrity of the pattern. The resistance level is currently at the $0.54 area. The triangle is now approaching a critical decision point, and it's essential to monitor which direction the pattern will break. The main support levels to watch are $0.47 and $0.40. #IOprediction #Binance200M #TopCoinsJune2024 #ETHETFsApproved #FIT21 $SEI