Biggest SHIB Whale Takes Action: Price Crashed! - News-Credit-Mortgage-Coin

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Wednesday, November 3, 2021

Biggest SHIB Whale Takes Action: Price Crashed!

 



The largest Shiba Inu (SHIB) whale has awakened from hibernation. The price fell sharply after the news. Will the whale, which converts $ 8,000 to $ 5.7 billion, make sales?


Biggest Shiba Inu (SHIB) whale awakens from hibernation!

According to Etherscan, the Shiba Inu wallet, which turned $8,000 to $5.7 billion, is now active again. For the first time since April, a whale began transferring money, fueling fears of massive pressure from vendors. The Shiba Inu billionaire has so far transferred 10 trillion SHIB tokens worth approximately $2.7 billion to four empty addresses.


The wallet in question controls about 13% of the Shiba Inu's total circulating supply. The investor started purchasing SHIB tokens in April 2020 and managed to turn it into a multi-billion fortune in just 19 months. The Shiba Inu token rose 825% in October, attracting the attention of the investment community. Last week, the altcoin managed to surpass Dogecoin by market cap and hit a new record high of $0.00008616 on October 28.


Shiba Inu crashed after whale address reactivated!

Some argue that the whale address in question is inaccessible and therefore the tokens remain untouched despite the huge gains. However, recent transfers show that this is definitely not the case. The Shiba Inu price dropped 11% after the whale address became active again.

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