Shiba

Momentum

Shiba Inu

Spot

<p>Spot On Chain, an on-chain analytics platform, <a href="http://platform.spotonchain.com/signal-details/whale-closed-shib-deal-at-a-massive-loss-34713" target="_blank" rel="noopener noreferrer nofollow">reported</a> today that Whale 0x30e recently sold 341.57 billion SHIB tokens valued at $3.25 million at an average price of $0.0000595. This included:</p>
<ul>
 <li>Depositing 311.57 billion SHIB ($2.97 million) to Binance</li>
 <li>Selling 30 billion <a class="wpil_keyword_link" href="https://captainaltcoin.com/shiba-inu-price-prediction/" title="SHIB" data-wpil-keyword-link="linked" target="_blank" rel="noopener noreferrer nofollow">SHIB</a> on decentralized exchanges for 281,000 USDT</li>
</ul>
<p>In total, over the past 6 hours the whale sold 421.57 billion SHIB worth $3.98 million at a $0.0000594 average across Binance and DEXs.</p>
<p>Notably, this whale had previously withdrawn those tokens from Huobi Global and Binance at a ~$0.000042 average price between November 2021 and December 2022. If fully selling their SHIB now, they would realize an estimated loss of $6.32 million or 61.4% after holding for nearly 2.5 years.</p>
<p>The whale currently holds no remaining SHIB tokens.</p>
<div class="wp-block-rehub-colortitlebox rh-colortitlebox" style="text-align:left;border-radius:5px;box-shadow:0 10px 10px #00000007;background-color:#fafafa;color:">
 <div class="rh-colortitle-inbox" style="background-color:var(--rehub-main-color);color:#fbfbfb;border-radius:5px 5px 0 0"><i class="rhicon rhi-bolt-regular rh-colortitlebox-icon" style="color:"></i>
  <div class="rh-colortitle-inbox-label">
   Transform Hundreds Into Millions With the Magic of Memecoins – think $BONK, but bigger! <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f92b.png" alt="🤫" class="wp-smiley" style="height: 1em; max-height: 1em;">
  </div>
 </div>
 <div class="rh-colortitlebox-text">
  <style scoped>.rh-toggler-open{height:auto !important}
.rh-toggler-open .rh-tgl-show, .rh-toggler-open .rh-tgl-grad{display:none !important}
.rh-toggler-open .rh-tgl-hide{display:block !important}
.rh-tgl-show, .rh-tgl-hide{cursor:pointer}
.rh-contenttoggler *{box-sizing: border-box !important}
.rh-toggler-wrapper{overflow: hidden;transition: all 0.5s ease; padding-bottom: 35px; margin-bottom:30px;box-sizing: content-box !important;position: relative;}
.rh-toggler-wrapper p:last-of-type {margin-bottom: 0;}</style>
  <div class="wp-block-rehub-contenttoggler rh-contenttoggler" data-height="100px">
   <div class="rh-toggler-wrapper" style="height:100px">
    <p>The key? Getting in early, especially during the IDO phase. <strong><a href="https://captainaltcoin.com/go/ll_inside/" target="_blank" rel="noopener noreferrer nofollow">Get in on NuggetRush</a></strong> now! This innovative memecoin blends play-to-earn gaming with real-world gold mining. Join soon to take advantage of the<strong><a href="https://captainaltcoin.com/go/ll_inside/" target="_blank" rel="noopener noreferrer nofollow"> current ICO prices</a></strong>!</p> <span class="rh-tgl-trigger" style="text-align:center;position:absolute;z-index:2;bottom:0;left:0;width:100%;color:"><span class="rh-tgl-show" style="display:block">Show more +</span><span class="rh-tgl-hide" style="display:none">Show less –</span></span><span class="rh-tgl-grad" style="background-image:linear-gradient(to bottom,rgba(255,255,255,0) 0,#ffffff 100%);display:block;position:absolute;height:100px;bottom:0;left:0;z-index:1;width:100%"></span>
   </div>
  </div>
 </div>
</div>
<p>This selling pressure comes as SHIB struggles to gain upside momentum. SHIB price is down around 2% this week to trade at $0.0000095. According to analysis by altFINS, price had resumed its short and medium-term uptrend approaching resistance at $0.00001. However, momentum is now weakening as seen across MACD and RSI indicators.</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="573" src="https://captainaltcoin.com/wp-content/uploads/2024/02/image-906-1024x573.png" alt="" class="wp-image-443181" srcset="https://captainaltcoin.com/wp-content/uploads/2024/02/image-906-1024x573.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-906-300x168.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-906-768x430.png 768w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-906-1536x860.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-906-2048x1147.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-906-268x150.png 268w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-906-100x56.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-906-625x350.png 625w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-906-788x441.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-906.png 1920w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure>
<p>On the support side, the nearest support zone holds around $0.000008. If price breaks above the $0.00001 resistance, the next test would come at $0.000012 which aligns with previous highs and the long-term neutral trend level.</p>
<p>For now, SHIB remains stuck below resistance and will need renewed buy-side impetus to rechallenge higher levels. The technicals suggest further consolidation is likely near-term. Traders may look for a breakout above $0.00001 or pullback toward the 200-day moving average around $0.000009 as the next swing trade opportunities.</p>
<p>You may also be interested in:</p>
<ul>
 <li><a href="https://captainaltcoin.com/why-is-xai-token-surging-analyst-says-consolidation-breakout-retested-heres-his-outlook/" target="_blank" rel="noopener noreferrer nofollow">Why is XAI Token Surging? Analyst Says ‘Consolidation Breakout Retested’ – Here’s His Outlook</a></li>
 <li><a href="https://captainaltcoin.com/starkent-strk-and-filecoin-fil-prices-pumping-heres-why/" target="_blank" rel="noopener noreferrer nofollow">Starkent (STRK) and Filecoin (FIL) Prices Pumping – Here’s Why</a></li>
 <li><a href="https://captainaltcoin.com/meet-the-viral-cryptos-bitcoin-minetrix-and-blockdag-bdag-raise-millions-in-their-ongoing-presales-while-jupiter-surges/" target="_blank" rel="noopener noreferrer nofollow">Meet The Viral Cryptos – Bitcoin Minetrix and BlockDAG (BDAG) Raise Millions In Their Ongoing Presales While Jupiter Surges</a></li>
</ul>
<div class="bigofferblock margincenter mb30 pt20 pl20 pr20 " style="">
 <div class="col_wrap_two mb0">
  <div class="offerbox_big_wrap flowhidden">
   <div class="image position-relative text-center col_item mobileblockdisplay img-maxh-350 img-width-auto"><a class="re_track_btn" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> <img decoding="async" class="lazyload" data-skip-lazy="" data-src="https://captainaltcoin.com/wp-content/uploads/thumbs_dir/Copy-of-P2P-Review-17-qi3pqhl3pi3mlojv8nq0upz5rcb68rblc7kuvhcaou.png" width="500" alt="Check NuggetRush ($NUGX)" src="https://captainaltcoin.com/wp-content/themes/rehub-theme/images/default/blank.gif"> </a>
   </div>
   <div class="product-summary col_item mobileblockdisplay">
    <h3 class="product_title entry-title font150 lineheight25 mb30" id="a-class-re_track_btn-href-https-captainaltcoin-com-go-ll_bottom-target-_blank-rel-noopener-noreferrer-nofollow-span-check-nuggetrush-nugx-span-a"><a class="re_track_btn" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> <span>Check NuggetRush ($NUGX)</span> </a></h3>
    <div class="rev_disclaimer font70 greencolor lineheight15 mb20">
     Sponsored: Invest Responsibly, Do Your Own Research.
    </div>
    <div class="buttons_col mb25 rh_big_btn_inline">
     <div class="priced_block clearfix">
      <div><a class="re_track_btn btn_offer_block" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> Buy NUGX Today </a>
      </div>
     </div>
    </div>
    <div class="bigofferdesc"><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Being in its <strong>ICO stage</strong>, NuggetRush offers a prime opportunity for early investors to get in at potentially lower prices <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>A unique <strong>play-to-earn</strong> gaming platform in the memecoin market <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>The platform combines artisanal and <strong>gold mining</strong> with cryptocurrencies in an unusual gaming context, offering a distinctive and immersive experience <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Fosters a strong <strong>community </strong>by encouraging physical meetups among members <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i><strong>NFT</strong> Integration with Prominent Characters
    </div>
   </div>
  </div>
 </div>
</div>
<p>The post <a href="https://captainaltcoin.com/shiba-inu-whale-sells-at-massive-loss-while-shib-price-struggles-to-sustain-momentum/" rel="noopener noreferrer nofollow">Shiba Inu Whale Sells at Massive Loss While SHIB Price Struggles to Sustain Momentum</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Shiba Inu Whale Sells at Massive Loss While SHIB Price Struggles to Sustain Momentum

Table of Contents

CaptainAltcoin

Other articles published on Feb 24, 2024

Bank of America so sure the country won’t enter recession

eCash (XEC) Price Prediction 2025, 2026, 2027, 2028, 2029 and 2030

FTX Settles Lawsuit for $33 Million Over Failed European Expansion

Big gains being realised in Pushd (PUSHD) presale as more Toncoin (TON) & Polkadot (DOT) investor...

Breaking: US Energy Department Halts Bitcoin Mining Survey Amid Controversy

Top Crypto Gainers Today February 24 – DYDX, Uniswap, PancakeSwap, EOS

Join our free newsletter for daily crypto updates!