Shiba Inu (SHIB) plunges 5.7% as Top ETH Whale sold $1,646,400 ($1.64M) worth of SHIB in the past 24 hours and a total of $6.79 Million in the past 21 days.
Etherscan.io, a blockchain explorer platform for the Ethereum blockchain, recently reported that the key ETH investor had reduced her SHIB holdings by 160,000,000,000 (160B) tokens, worth $1,646,400 ($1.64M) in one significant transaction in the past 24 hours.
According to the reports, the major ETH Whale has continued to shrink her Shiba Inu holdings since September 19th, 2022. The Whale offloaded 623,000,000,000 (623B) SHIB, worth $6,790,790 ($6.79M) through 6 separate transactions in the past 21 days.
The interesting thing is Whale still holds 23,799,693,824,370 (23.79T) canine-themed tokens, worth $243,470,867 ($243.47M).
Following the major selloff from deep-pocketed ETH investors, the CoinGecko data reports that the value of Shiba Inu depreciated -22.6% over the last 30 days, -7.7% over the last seven days, and -5.7% over the last 24 hours.
Whilst the blockchain data tracking website, WhaleStats reports that Shiba Inu still appears as the top favorite token of the top 100 ETH Whales. The top 100 ETH Whales currently hold $133,970,949 ($133.97M) worth of SHIB in their wallets.
🐳 The top 100 #ETH whales are hodling
— WhaleStats (tracking crypto whales) (@WhaleStats) October 10, 2022
At the time of writing, Shiba Inu is trading at the price of $0.00001032, down -5.7% over the last day, with a 24-hour trading volume of $278,464,852 ($278.46M).