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WHY DID THEY GET RID OF 10 TRILLION SHIBA INU ON BETA SHIBARIUM RELEASE DAY?Discover why the top 100 Ethereum whales holding SHIB dumped 10 trillion tokens Some 251 trillion SHIB, excluding the dead address required for burning, are currently held by the biggest holders of the meme coin. More than a quarter of the first batch of offering and almost According to IntoTheBlock, the number of Shiba Inu tokens held by whales dropped by 10 trillion on March 11, the day the long-awaited public beta of Shibarium Specifically, metrics have shown that the number of SHIB held by whales had fallen by 10 trillion on the arrival date of Shibarium’s public beta. Additionally, the data has The number of Shiba Inu tokens held by large investors, or “whales,” plummeted on March 11, the day the eagerly awaited public beta launch of Shibarium (also known as PuppyNet) took place. Whales Have Dumped 10 Trillion SHIB Tokens. On-chain data reveals that large Shiba Inu investors, referred to as whales, sold their tokens as the coin’s value declined. Shiba Inu (SHIB) whale activity spiked dramatically in the last 24 hours, with 2.83 trillion tokens flowing out. The shift in behavior highlights growing caution among major

Shiba Inu Mystery: Why Did Whales Dump 10 Trillion SHIB on Shibarium Beta Launch Day?

The Shiba Inu community was buzzing on March 11th, the day of the long-awaited Shibarium public beta launch. But excitement quickly turned to concern as on-chain data revealed a significant shift: whales dumped 10 trillion SHIB tokens. WHY DID THEY GET RID OF 10 TRILLION SHIBA INU ON BETA SHIBARIUM RELEASE DAY? This sudden sell-off by major holders raises critical questions about the future of SHIB and the impact of Shibarium.

Whales Have Dumped 10 Trillion SHIB Tokens: What Happened?

According to IntoTheBlock, the number of Shiba Inu tokens held by whales dropped by 10 trillion on March 11th. Specifically, metrics have shown that the number of SHIB held by whales had fallen by 10 trillion on the arrival date of Shibarium’s public beta. On-chain data confirms this trend, showing that large Shiba Inu investors, referred to as whales, sold their tokens as the coin’s value declined.

Unpacking the Whale Behavior: Caution or Calculation?

The shift in behavior highlights growing caution among major holders. Was this a coordinated move, or individual decisions driven by market uncertainty surrounding the Shibarium launch? Discover why the top 100 Ethereum whales holding SHIB dumped 10 trillion tokens. Several theories are circulating:

  • Profit Taking: Whales may have capitalized on the hype leading up to the Shibarium launch to secure profits.
  • FUD (Fear, Uncertainty, and Doubt): Negative sentiment or concerns about Shibarium's performance could have triggered a panic sell.
  • Diversification: Whales might be reallocating their assets to other promising projects, reducing their exposure to SHIB.

Shiba Inu Whale Activity: A Closer Look

Shiba Inu (SHIB) whale activity spiked dramatically in the last 24 hours, with 2.83 trillion tokens flowing out. Some 251 trillion SHIB, excluding the dead address required for burning, are currently held by the biggest holders of the meme coin. More than a quarter of the first batch of offering and almost. The scale of these transactions is significant and warrants further investigation.

Impact of the Dump on SHIB's Price

The number of Shiba Inu tokens held by large investors, or “whales,” plummeted on March 11, the day the eagerly awaited public beta launch of Shibarium (also known as PuppyNet) took place. The whale dump likely contributed to the price volatility observed on the Shibarium launch day. While the long-term effects remain to be seen, this event serves as a reminder of the significant influence whales can have on the cryptocurrency market.

Additionally, the data has. Further analysis is needed to fully understand the motivations behind this mass sell-off and its potential impact on the future of Shiba Inu and the Shibarium ecosystem.

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