Overview

Click to expand overview
ETH whales dumping SHIB? As we dig in, it seems like Ethereum whales are also dumping their Shiba Inu Coin holdings. Coingape reported that the top 100 ETH The whale holds $52 million worth of assets after raking in $109 million in profits. This transaction follows previous trends from other whales dumping the asset. On Dec The whale tracker on November 29 reported that the top 100 ETH whales were holdings over $68 million worth of Shiba Inu. However, whales are now holding $1.05 Whales are dumping a large amounts of Shiba Inu coin as price struggle. One notable investor sold 250 billion SHIB, which is about $6.05 million. However, this Crypto whales have transferred Ethereum (ETH) and Shiba Inu (SHIB) worth hundreds of millions of dollars in multiple transactions that occurred within hours of each other

Are ETH whales dumping SHIB? The crypto market is buzzing with speculation as large Ethereum (ETH) whales have been moving significant amounts of Shiba Inu (SHIB) tokens. As we dig in, it seems like Ethereum whales are also dumping their Shiba Inu Coin holdings, contributing to price volatility and raising concerns among smaller investors.

Ethereum Whales Dump Millions Worth of Shiba Inu – What's Happening?

Recent reports indicate a concerning trend: Crypto whales have transferred Ethereum (ETH) and Shiba Inu (SHIB) worth hundreds of millions of dollars in multiple transactions that occurred within hours of each other. This activity has sparked debate about the future of SHIB, especially as Whale trackers monitor these large movements.

Coingape reported that the top 100 ETH whales have significantly reduced their SHIB holdings. The whale tracker on November 29 reported that the top 100 ETH whales were holding over $68 million worth of Shiba Inu. However, whales are now holding $1.05, indicating a massive sell-off. The whale holds $52 million worth of assets after raking in $109 million in profits, suggesting a strategic profit-taking move.

Whales are dumping a large amount of Shiba Inu coin as prices struggle to maintain momentum. One notable investor sold 250 billion SHIB, which is about $6.05 million. However, this transaction follows previous trends from other whales dumping the asset. This pattern of large-scale selling is putting downward pressure on the price of Shiba Inu, leaving many wondering if this is just a temporary dip or a sign of more significant challenges ahead.

While it's impossible to know the exact reasons behind these whale movements, speculation abounds. Some analysts suggest that whales are diversifying their portfolios into other cryptocurrencies, while others believe they are reacting to broader market trends or concerns about the long-term viability of Shiba Inu. Regardless of the motive, the impact of these large transactions is undeniable, creating uncertainty and volatility in the SHIB market. Keep checking back for the latest updates as we continue to monitor the movement of Ethereum whales and their influence on the Shiba Inu ecosystem.

Top Sources

Related Articles