13.02.2025 09:39
**Whale Translates Millions in SHIB and AVAX from Binance**
A newly minted wallet has sparked speculation by relocating significant holdings of Shiba Inu (SHIB) and Avalanche (AVAX) from Binance. Within a single hour, the wallet transferred 290.41 billion SHIB, valued at $4.85 million, and 97,114 AVAX, worth $2.52 million. These transactions coincided with notable price movements for both cryptocurrencies, underscoring heightened market activity.
**Shiba Inu (SHIB) Exhibits Bullish Momentum**
Shiba Inu currently trades at $0.00001650, boasting a 4.91% surge over the last 24 hours. Its trading volume has skyrocketed by 83.38%, signaling escalating investor interest. After opening around $0.00001573, SHIB reached a high of approximately $0.0000172 before a slight retracement. Despite minor fluctuations, the asset retains its bullish bias. A sturdy uptrend materialized following a brief dip, indicative of persistent buying pressure. The resistance level near $0.0000172 has proved significant, with the price encountering rejection at this juncture. Conversely, support remains around $0.0000157, where previous rebounds have occurred.
**Avalanche (AVAX) Maintains Stability Amid Market Swings**
Avalanche has also displayed upward movement, currently priced at $25.51 after a 1.48% increase over the past day. Its market capitalization now stands at $10.51 billion, reflecting a 1.49% rise, while trading volume has climbed by 38.77% to reach $464.83 million. AVAX began the session near $25.14, briefly dipped, then surged past $27.00 before stabilizing at its current level. Despite exhibiting resilience in the face of market volatility, AVAX faces key support and resistance levels at $25.00 and $27.00, respectively.
