With a new whale the price of Shiba Inu is once again on the rise – Big transfers happening

With a new whale the price of Shiba Inu is once again on the rise - Big transfers happening

Huge interest is once again intensifying around Shiba Inu. One investor, in a moment, joined the ranks of the largest SHIB whales in the world. The price has reacted by rising.

New SHIB whale

Just 24 hours were enough to create another whale transfer fuss around Shiba Inu. Two entities recorded an increase in the wealth of their portfolios during this time, by a whopping $15.6 million in SHIB.

According to data provided by the Etherscan platform, the 77th largest SHIB whale, in one day accumulated exactly 432,308,923,741 coins, worth a total of $3,897,697. With the final posting of this transaction, the value of the whale’s wallet rose to SHIB 524,396,585,030, which at the time of this writing is equivalent to $4,735,301.

Shortly after this event, another portfolio was revealed, which immediately became the 46th largest holder of Shiba Inu. His birth resulted in the purchase of a staggering 1,296,926,801,221 SHIBs.The transaction brought his portfolio to a value of $11,711,249.

Solid fundamentals of the birth of the Shiba Inu whale

Both the birth of the whale and the big moves on the 77 largest entity’s portfolio came after a question posted by SHIB’s chief developer on his Twitter profile. Shytoshi Kusama wrote:

“Shib Army, I need a quick vote: We have been kindly invited to work with the World Economic Forum on their global Metaverse policy. I would like to know what you all think, as this is not our decision, but yours.”

Under the aisle, there were three suggested responses: Yes, No and Irrelevant. 

As a result, those in favor of cooperation appeared the most and are as high as 62.3%. Opponents account for 27.7%. Meanwhile, SHIB supporters, for whom the thread is indifferent, account for 10% of the votes. There is only one hour left to express an opinion. So far, more than 22,000 people have already decided to do so.

Shiba Inu on the chart

Although many coins, including Bitcoin, have recently reached a new bottom, a similar situation does not apply to the Shiba Inu. The popular coin is in an area of consolidation. It is supported by a bullish RSI divergence, which may suggest another upward breakout attempt. Also in favor of increases is the MACD, which, as in the case of BTC, is heading towards a bullish cross. Such a configuration has the right to send SHIB back toward $0.000012. Possible declines, on the other hand, could deepen the divergence. Their range is around this year’s low.

The day on which the new whale was born was marked by SHIB’s rise of nearly 4.4%. Technical data mostly support a continuation of this movement.

Disclaimer: Blockbulletin does not take accountability of investments based on the information of the website. We highly advice readers to make extensive research prior to any invest

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