Whopping 1.1 Trillion SHIB Sold by Whales as They Rush to Get Rid of Shiba, Here’s Why

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Yuri Molchan

A record amount of Shi­ba Inu has been dumped by ETH whales over the past three days, here’s what drove them to do that

Dis­claimer: The opin­ion expressed here is not invest­ment advice – it is pro­vid­ed for infor­ma­tion­al pur­pos­es only. It does not nec­es­sar­i­ly reflect the opin­ion of U.Today. Every invest­ment and all trad­ing involves risk, so you should always per­form your own research pri­or to mak­ing deci­sions. We do not rec­om­mend invest­ing mon­ey you can­not afford to lose.

Over the past three days, the largest wal­lets on the Ethereum chain have got rid of more than 1.1 tril­lion Shi­ba Inu tokens, accord­ing to the recent data shared by WhaleStats. A recent trans­ac­tion to sell this canine token car­ried near­ly 61 bil­lion SHIB to Binance exchange.

The afore­men­tioned wal­let track­er shared that since Sep­tem­ber 14, the SHIB stash held by top Ethereum whales has shrunk from $152 mil­lion to $142 mil­lion on Sep­tem­ber 16 and down to $140 mil­lion worth of Shi­ba Inu today.

The amount of SHIB eval­u­at­ed in this sum of USD equals a stag­ger­ing 1,115,879,828,326 meme coins.

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A most recent trans­ac­tion car­ried a total of 60,921,271,741 SHIB to the Binance exchange, which was done most like­ly to sell this crypto.

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Image via WhaleStats

Whales have been dump­ing SHIB through­out the week has the token has been going down. Accord­ing to data from Coin­Mar­ket­Cap, over the past sev­en days, the sec­ond largest meme coin has lost slight­ly more than 10 per­cent of its mar­ket value.



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