On August 25th, the SHIB community almost 'collectively broke down' - the Shiba Inu price plummeted to $0.00001188, hitting a two-week low, just one step away from the $0.000011 support level. At that time, the community was full of anxious questions: 'Will it fall below $0.00001? Is the fifth zero coming?'
Fortunately, in just a few days, SHIB staged a 'desperate counterattack'! As of now, the price has rebounded to $0.00001270, up 2.72% in 24 hours and cumulatively improved by 1.45% in a week - more importantly, the 'fifth zero' risk that was previously hanging over its head has suddenly cooled down due to the actions of a 'giant whale'!
Whale smashed 14 transactions in a row! 204.3 billion SHIB withdrawn from Coinbase, community instantly boiling
As soon as the on-chain data was exposed, the SHIB fan group exploded: In the past 3 days, a mysterious big player (known as a 'whale' in the industry) withdrew a total of 204.3 billion SHIB from the San Francisco Coinbase exchange through 14 transactions, all transferred to a new Ethereum wallet!
Looking closely at each transaction is even more shocking: the smallest transaction transferred 15.31 billion SHIB, and the largest was close to 20 billion. At the current price, each transaction is equivalent to more than one million RMB! It is important to know that a whale 'withdrawing coins' from an exchange is no small matter - it usually means 'I don't want to sell, I want to hoard them and wait for the price to rise', not short-term arbitrage, which is equivalent to casting a 'vote of confidence' in the market.
An old fan said in the community: 'The last time I saw such a large-scale withdrawal of coins was when SHIB withstood $0.00001010 in June. At that time, the price stabilized after the whale took action.'
Two 'zero-adding crises' have been withstood! Analyst: This time it may hit a new historical high
In fact, SHIB had two previous encounters with the 'fifth zero': on February 27, 2024, it briefly fell to five decimal places (0.00000XXX USD); this June 22 was even more thrilling, with the price plummeting to 0.00001010 USD, just 0.0000001 USD away from 'adding a zero'. At the time, many fans were struggling with whether to 'cut their losses', but they managed to hold on.
Now, in addition to the whale increasing its holdings, there is also good news on the technical side: The RSI indicator (an important signal for judging rises and falls), which previously fell to the 'oversold zone', has rebounded to the neutral to bullish range, meaning 'it can't fall anymore, and the rebound momentum is accumulating'.
The analyst also made a bold statement during the community live broadcast: 'Instead of worrying about adding a zero, it is better to keep an eye on the $0.000013 mark - as long as it stands firm at this position, the next step is to hit $0.000015, and it is not impossible to touch the historical high of $0.0001 in this cycle!'
The question fans are most concerned about: Is this a short-term rebound or a long-term turning point?
The most discussed topic in the community now is 'how long can this wave of gains last': Some people think 'the whale is just pulling the market in the short term, be careful of a callback', while others are full of confidence 'Two crises have been withstood, this time it should be SHIB's turn to exert its strength'.
What is the status of your SHIB now? Do you think this whale's increase in holdings is a 'reassurance' or a 'smokescreen'? Follow Ming Ge and wait for SHIB to hit a new high!
