SHIB INU Briefly Crashes Over Whale Fears
Altcoins

SHIB INU Briefly Crashes Over Whale Fears

Created 6mo ago, last updated 6mo ago

Your favorite dog coin is still hanging in there — even after losing a quarter of its value over the past day.

SHIB INU Briefly Crashes Over Whale Fears

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Your favorite dog coin is still hanging in there — even after losing a quarter of its value over the past day. 

As of press time, SHIB is down a mere 2% over the past 24 hours, trading at $0.00005007.
The SHIB sell-off yesterday that caused the dog coin to lose so much value could be attributed to events from earlier this week — namely, that a SHIB whale wallet with over $2 billion in SHIB seemed to awaken and start sending its large amounts of SHIB around to four different wallets (without selling). Even without the big sale that traders feared, the possibility of a sale could have spooked the market and sent the price down.


SHIB, however, is still very much in the spotlight — despite its downward trend at the end of the week, the coin’s massive popularity is still being covered by the media as one of the phenomenons in the crypto space when a group of people band together to support a memecoin.


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