A mysterious wallet just accumulated 189 billion SHIB tokens (~$2.3 million) through several strategic transfers from Coinbase. While SHIB is trading sideways between $0.000012-$0.000013, significant movement off the exchange could affect the available supply.
Key points:
1. The transfer occurred in chunks of approximately 15.3 billion SHIB each
2. All funds were transferred within 24 hours to a new ETH wallet
3. The current price of SHIB is around $0.00001221
4. Strong support at $0.00001107, resistance at $0.00001688
👀 What does this mean:
When whales move large amounts from exchanges, it often signals long-term storage rather than immediate selling pressure. This could potentially reduce the supply available on the Coinbase order book.
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