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HomeCrypto NewsMarketShiba Inu Price Remains Stable Despite 538B SHIB Dump by Top Whale

Shiba Inu Price Remains Stable Despite 538B SHIB Dump by Top Whale


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Shiba Inu price is trading at a stable range despite Major Whale Dumped Over $6 Million Worth of SHIB.

Etherscan.io data reveals that the 29th biggest Shiba Inu Whale has dumped an eye-watering 538,000,000,000 (538B) SHIB, worth $6,074,020 ($6.07M) through five significant transactions in the past twelve days.

Whale Sold Half Trillion of SHIB in Past 12 Days
Whale Sold Half Trillion of SHIB in Past 12 Days

The top Shiba Inu Whale started her selling spree on April 2nd by disposing of a calamitous 200,000,000,000 (200B) SHIB, worth $2,258,000 ($2.25M), in one significant transaction. The Whale then sold an additional 100,000,000,000 (100B) SHIB, worth $1,129,000 ($1.12M) on April 5. This was followed by the sale of 88,000,000,000 (88B) SHIB, worth $993,520 ($993.52K) on April 7.

Despite the massive amounts already sold, the whale went on to reduce her holdings by another 72,000,000,000 (72B) SHIB, valued at $812,880 ($812.88K), on April 11. In her final transaction, executed about 38 hours ago from press time, she sold an additional 78,000,000,000 (78B) SHIB, worth $880,620 ($880.62K).

Despite the intense sell-off, the Whale still holds a staggering 3,599,890,076,773 (3.59T) SHIB, worth $40,642,758 ($40.64M), in her wallet.

Bitrue Hack

Recall that approximately $22 million of digital assets, including 172.55 billion SHIB, valued at $1.9 million, were lost in a recent hacking incident at Bitrue, a prominent Singapore-based exchange. As reported earlier by The Crypto Basic, the exploiter has already sold off 22.55B SHIB, worth over $254K, in six different transactions. The most recent transaction occurred at 02:34 today (UTC), involving the sale of 2 billion SHIB.

Despite the ongoing nasty selloff events, the price of Shiba Inu has continued to soar. CoinGecko data reveals that the price of SHIB has increased 6.6% over the past 14 days and 2.9% over the past week.

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Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.



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.

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