202,489,814,762 SHIB Stuns Coinbase as Shiba Inu Whale Turns Meme Coin Bear

Key Points

1. A whale transferred 202.48 billion SHIB (approximately $2.6 million) from wallet '0x7424' to Coinbase Prime’s hot wallet.

2. SHIB's price is currently holding above $0.00001320, a 2.87% daily gain, but remains below its July peak of $0.00001550.

3. The whale's accumulation of SHIB was methodical, involving repeated transactions of 15.42 billion SHIB blocks and a single 833.9 million SHIB transaction.

4. The broader market trend for SHIB since mid-July has shown a series of lower peaks, adding caution to its price movement.

5. A drop below the $0.00001289 support zone could test $0.00001227, while surpassing $0.00001350 may signal bullish momentum.