Wednesday, November 30, 2022
HomeCrypto NewsMarketThis Unknow Whale Sold 9.47 Trillion Shiba Inu In Few Days During...

This Unknow Whale Sold 9.47 Trillion Shiba Inu In Few Days During Crash

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Here’s the Real Reason Behind Shiba Inu’s Recent Price Plunge of More Than 26% Over the Past 7 Days.

Shiba Inu (SHIB) Shreds Over 26% of Value in the Past 7 Days as the Mysterious SHIB Whale Throws 9.47 Trillion SHIB, Worth $100 Million Back Into the Market.

Shiba Inu (SHIB) along with other major cryptocurrencies experienced intense selling pressure since Monday. The biggest cryptocurrency in the world in terms of market cap, Bitcoin (BTC) is responsible for this widespread selloff in the global crypto market as BTC has sliced 30% of its value within the last 7 days, potentially sending disastrous ripple effects across the broader crypto market.

However, when it comes to SHIB, the mysterious whale also played an important role in dragging down the value of the most popular canine-themed cryptocurrency.

Mysterious SHIB Whale Sold $100 Million Worth of Shiba Inu:

Etherscan.io reveals that the mysterious SHIB whale is responsible for such a sharp SHIB plunge as she sold a mind-boggling total of 9.47 Trillion SHIB, worth $100,046,191($100.0M) to two unknown wallets through three separate transactions on June 9th and 10th.

June 9th, 2022 (Thursday): The mysterious SHIB whale carried two of the massive OUT transactions and sold the $99.67 Million worth of popular canine-themed cryptocurrency to one of the unknown wallets.

June 10th, 2022 (Friday): The Whale carried her third OUT transaction and sold only $373,313 worth of Shiba Inu to another random unknown wallet.

 

Such a significant selling from mysterious whales has built considerable pressure on the world’s second-biggest canine-themed cryptocurrency in terms of market cap.

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Zabi
Zabi
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.

Disclaimer: The content is for informational purposes only, 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.

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