SHIB community just breathed a sigh of relief: Whale took away 204.3 billion, can the dream of $0.0001 come true?
On August 25, SHIB briefly fell to a two-week low of $0.00001188, just a step away from the support level of $0.000011, causing anxiety in the community about whether it would drop below $0.00001 and enter a fifth zero.
However, in just a few days, SHIB completed a "counterattack": the current price has risen to $0.00001270, up 2.72% in 24 hours and a cumulative increase of 1.45% over the week. More importantly, the actions of a "whale" have significantly reduced the risk of adding a zero - in the past three days, this mysterious large holder withdrew 204.3 billion SHIB from Coinbase through 14 transactions to a new Ethereum wallet, with the smallest single transaction being 15.31 billion and the largest nearly 20 billion, with each transaction worth over one million RMB at the current price.
In the crypto market, whales withdrawing coins from exchanges often signify "long-term holding and a bullish outlook" rather than short-term arbitrage. Veteran community members also recall: "When SHIB fell to $0.00001010 in June, it was also after whales withdrew large amounts that the price stabilized. History seems to be repeating itself this time."
In fact, SHIB has withstood the "zero crisis" twice: it briefly fell to five decimal places in February 2024, and in June this year it nearly touched $0.00001010, both times successfully rebounding. Now, in addition to whale accumulation, technical indicators are also showing positive signs - the previously "oversold" RSI indicator has risen to a neutral to bullish range, suggesting that downward momentum is weakening and rebound power is building up.
Analysts in the community noted: "Instead of getting tangled up in 'adding a zero', it's better to focus on the $0.000013 mark. As long as it holds here, the next step is to challenge $0.000015, and reaching $0.0001 historical high in this cycle is not impossible."
However, the community remains divided on the sustainability of the upward trend: some believe that "the whale may be pulling up in the short term, and a pullback should be guarded against", while others firmly believe that "having withstood two crises, this time it should be SHIB's turn to make a move". Are you holding your SHIB and observing, or are you waiting for the right opportunity to act? Do you think the whale's withdrawal is a "reassurance" or a "smoke screen"?
