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

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.

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.