Monday, May 16, 2022
Home Crypto News Market Whale Sells 5 Trillion Shiba Inu Causing Serious SHIB Price Fall, Is...

Whale Sells 5 Trillion Shiba Inu Causing Serious SHIB Price Fall, Is Tron CEO Behind This Dip?

- Advertisement -

TRON Founder “Justin Sun” Blamed For Recent Shiba Inu (SHIB) Dip? Conspiracy or True?

The founder of TRON, Justin Sun, is blamed for the recent Shiba Inu (SHIB) dip. Shiba Inu’s price tumbles more than 31% over the last day and hit the 24-hour low price of $0.000009145.

The widespread selloff in the global crypto market continues since the crypto market cap plunges -by 16.06% over the last day to $1.19 trillion.

All the world’s major cryptocurrencies, including Shiba Inu, suffered the worst selloff in history. As the selloff intensified, the Shiba Inu token lost more than -31.20% of its value within the last 24 hours. At the time of writing, the price of SHIB is trading at the price of $0.00001062, with a 24-hour trading volume of $1,850,119,220 ($1.85B).

This sharp plunge in SHIB price comes after the mysterious BNB whale sold a whopping 5 trillion SHIB, worth $52,900,000 ($52.90M) in two significant transactions within the last 24 hours, data reports.

In her wallet, the mysterious whale still holds 3 trillion SHIB, worth $31,440,000 ($31.44M).

Following this massive selloff from the whale, the rumors began making rounds that this mysterious wallet belonged to Justin Sun, the founder of TRON.

Even Gossip SHIB, the former SHIB Growth Breed Member, took notice of this mysterious BNB wallet address and asked Justin Sun directly to clarify the real story while tagging him and sharing screenshots of the transactions in her tweet.

The tweet reads: “@justinsuntron is the evil behind #SHIB dip today? Conspiracy or true?”

However, she got no response from the TRON founder yet.

- Advertisement -


The content is for informational purposes only and may include the author’s personal opinion, and does not necessarily reflect the opinion of TheCryptoBasic. All Financial investments, including crypto, carry significant risk, so always do your complete research before investing. Never invest money you cannot afford to lose; the author or the publication does not hold any responsibility for your financial loss or gains.

Zabi is crypto enthusiastic with more than 10 years of experience in managing Google News-approved Finance websites. Zabi has a strong background in finance with a thorough understanding of cryptos and a solid grip on the crypto and financial market industry. Along with his passion for crypto writing, Zabi manages his personal stock and finance-related Google News-approved websites.


Please enter your comment!
Please enter your name here

- Advertisment -

Recent News & Articles

California ‘Cardinale Automotive Group’ Now Accepts Shiba Inu (SHIB) As Payment

California Business "The Cardinale Automotive Group" Now Accepts Shiba Inu (SHIB) as a Payment via BitPay. window.coinzilla_display...

Shiba Inu’s Shibarium To Match Ethereum Layer-2 Scaling Platform Polygon’s Operability, Scalability, and Security 

Shibarium Will Have Polygon’s Features of Operability, Scalability, and Security. window.coinzilla_display = window.coinzilla_display || ; ...

Is Bitcoin Going Below $20K Or Are Institutional Investors Buying Again? CryptoQuant CEO Explains

Institutional Investors Could Be Accumulating BTC Through Market Makers after Strong Selling. window.coinzilla_display = window.coinzilla_display || ; ...

Why Is Bitcoin The Most Popular Cryptocurrency?

Bitcoin is the most popular cryptocurrency because it was the first one created. Bitcoin is also a decentralized currency, not subject to government or...

How Can Bitcoin Affect Asics, a Sports Equipment Company?

Asics, the brand behind the popular running shoes, is a company that has a significant market share worldwide and is one of the biggest...

Top Hedge Fund Manager Who Warned Investors, Says Terra’s Project Was Destined to Fail Due To High Yield

The hedge fund manager said Terra failed because the system was designed to enrich investors and the team. ...

SHIB Army Burns 449.98 Million Shiba Inu In 24 Hours, 2.17 Billion In A Week

2.17 Billion Shiba Inu (SHIB) Burnt within the Last 7 Days and 449.98 Million During Last 24 Hours. ...

Subscribe To Our Newsletter

Get Updated with All The latest Crypto News, Articles, Reviews, Analysis and much more. Delivered Every Monday.