• Advertise with us
  • Pricing
  • Submit News
Instagram Twitter Facebook Telegram Youtube Linkedin
EdaFace Newsfeed
EdaFace Newsfeed EdaFace
  • News
    • Price Analysis

    Main News

    • Crypto News
    • Bitcoin and BTC
    • Altcoin News
    • Security & Hacks
    • ICO & Token Sales
    • Interviews & Profiles

    Information

    • Press Release
    • Research Report
    • Regulations, Law & Policy
    • Community/Guest Post
    • Events & Conferences
    • Tutorials & Guides

    Market

    • Technical Analysis
    • Price Analysis
    • Cryptocurrency Price Prediction
    • DeFi (Decentralized Finance)
    • Mining & Staking

    Other Categories

    • NFTs & Digital Art
    • Opinion & Editorials
    • Tech Innovations
  • Cryptocurrencies
    • Coin Ranking
    • Trending
    • EDA Token
  • Exchanges
    • Spot
    • Derivatives
    • DEX
    • EDA Plantation
  • Verification Centre
    • Rug Pull Check
    • Blockchain Ecosystem
    • EDA Token
  • MarketPlaces
    • NFT Marketplace
    • Digital Literature
    • Digital Mall
    • P2P Market
    • Metaverse
  • EDA Academy
More
  • News
    • Price Analysis
  • Cryptocurrencies
    • Coin Ranking
    • Trending
    • EDA Token
  • Exchanges
    • Spot
    • Derivatives
    • DEX
    • EDA Plantation
  • Verification Centre
    • Rug Pull Check
    • Blockchain Ecosystem
    • EDA Token
  • MarketPlaces
    • NFT Marketplace
    • Digital Literature
    • Digital Mall
    • P2P Market
    • Metaverse
  • EDA Academy
Reading: FET Token Set to Skyrocket? Shiba Inu Millionaire Makes Big Bet
Share
Sign In
EdaFace Newsfeed
EdaFace Newsfeed EdaFace
EdaFace Newsfeed > Latest News > Crypto News > FET Token Set to Skyrocket? Shiba Inu Millionaire Makes Big Bet
Crypto News

FET Token Set to Skyrocket? Shiba Inu Millionaire Makes Big Bet

vitalclick
Last updated: August 31, 2024 9:23 pm
9 months ago
Share
SHARE

Contents
SHIB to FET Token: Whale Swapped Million of SHIBFET Price Prediction Open Interest and Price Analysis

The top Artificial Intelligence (AI) Artificial Superintelligence Alliance (FET) token appears to be skyrocketing as an early Shiba Inu buyer swaps their losing SHIB for the rising FET token. On August 31, 2024, a Whale who previously made $145 million in SHIB swapped his 255.62 billion SHIB tokens worth $3.5 million, for 3.114 million FET, as reported by the on-chain analytic firm Spotonchain.

SHIB to FET Token: Whale Swapped Million of SHIB

This notable shift from SHIB to FET is flashing buying signals in the struggling cryptocurrency market.

In a post on X (previously Twitter), Spotonchain noted that between February 2021 and Jun 2022, this whale made millions of dollars in SHIB tokens. However, the whale’s recent purchase of 968.3 billion SHIB tokens did not go well, resulting in an unrealized loss of over $11.5 million. 

Though, considering the market sentiment and the FET token’s recent performance he swapped his particle SHIB holding. As of now, this whale shill holds 713 billion SHIB tokens worth $10 million.

FET Price Prediction 

According to expert technical analysis, FET is at a crucial support level of $1.10 after being rejected from the 200 Exponential Moving Average (EMA) on a daily time frame. However, the current price action appears to be forming a bullish inverted head and should price action pattern.

Source: Trading View

Based on the historical price momentum, there is a high possibility it could soar by 30% to the $1.46 level. However, if it fails to hold the $1.10 level, it could fall by 30% to the $0.751 level.

Open Interest and Price Analysis

At press time, FET is trading near the $1.175 level and has experienced a price surge of over 2% in the last 24 hours. During the same period, major top cryptocurrencies including Bitcoin (BTC), Ethereum (ETH), and Solana (SOL), are struggling to gain momentum. 

Meanwhile, FET’s open interest has declined by 4% in the last 24 hours, indicating lower interest from traders due to the current market sentiment.

You Might Also Like

Warning from the analyst for the token ascension target and Bitcoin correction

Ripple Joins SBI VC Trade to Secure DMM Bitcoin Users Post-Hack

Gemini Secures In-Principle Approval for Investment Firm License in Malta

The 4-Month Recession in the Cryptocurrency Market is Over! Individual Investor Demand Has Peaked!

Arthur Hayes Evaluated Past Cryptocurrency Predictions, How Much Did He Make?

TAGGED:CryptoNews
Share This Article
Facebook Twitter Email Print
Previous Article The Surprising Move of the Whale Who Earned Millions of Dollars! He Sold SHIB and Switched to This Altcoin
Next Article BNB, Dogecoin and DTX Exchange
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Crypto Live Widget

Follow for Live Updates
Subscribe to our newslettern

Get Newest Articles Instantly!

- Advertisement -
Ad imageAd image
Popular News
Cryptocurrency Regulation in Russia : Blockchain Development
Current Cryptocurrency Regulations in India
Explore Cryptocurrency Regulation in South Korea
2 Altcoins Win Trial
Claimed Bitcoin Inventor Craig Wright Gets Shocked in Court! His Assets Are Frozen

Company

  • Vision
  • Mission
  • LitePaper
  • Whitepaper
  • Core Values
  • Branding
  • Teams
  • Career Listing
  • FAQ
  • Welfare Donations

Products

  • EDA Token
  • Blockchain Literature
  • EdaFace Dex
  • EdaFace Mall
  • Listing Platforms
  • Newsfeed
  • NFT Marketplace
  • P2P Market
  • Scam Verification Centre
  • School of Crypto

Legal

  • Term of Use
  • Privacy Policy
  • Disclaimer
  • Listing T&C
  • Listing Platforms
  • Eda Token Policy

Always Stay Up to Date

Subscribe to our newsletter to get our newest articles instantly!

EdaFace

About US

EdaFace is a user interface aggregator that brings all the various functionalities of the crypto industry onto a single platform! You can advertise, launch and crowdfund your crypto project via EdaFace Launchpad and Newsfeed.

Contact us: support@edaface.com

Follow us

Instagram Twitter Facebook Telegram Youtube Linkedin

Copyright © 2022 – 2024. EdaFace is a product of Emerging Digital Age (EDA) Pty Ltd. All Rights Reserved.

Join Us!
Subscribe to our newsletter and never miss our latest news, podcasts etc..

Zero spam, Unsubscribe at any time.
EdaFace
Welcome Back!

Sign in to your account

Lost your password?