Shiba

Dogecoin

Shiba Inu

Reversal

FOMO

The self-proclaimed Dogecoin killer, Shiba Inu, appears to be amassing noteworthy attention among crypto market fanatics as the token noted an enormous whale activity on Monday. Furthermore, market data showcased the transfer of trillions of SHIB between unknown wallets, stirring speculations across the broader crypto market. 
Interestingly, the significant whale activity comes amid the price slump witnessed by the Shiba Inu cryptocurrency today. Moreover, falling in line with the plunge in its price, the SHIB burn rate also dropped substantially. 
However, in a cyclone of breakthroughs, the Shiba Inu crypto community experienced a colossal surge in SHIB price over the past few days. 
<h2 id="shib-whale-transfer-an-in-depth-analysis">SHIB Whale Transfer: An In-Depth Analysis</h2> 
According to on-chain <a rel="nofollow" href="https://whale-alert.io/transaction/ethereum/0x6598bb34ae2b27095a9495bb375edb2e897e74b03d88c1d481517231f968af0b" target="_blank">data</a> offered by Whale Alert, the Shiba crypto community recorded a massive whale transaction today, December 11. Moreover, as per the data, 4.19 trillion SHIB worth $40.82 million were transferred between unknown wallets. 
Concerning the data, an unknown wallet, 0xbf07ed27…041afde8bb, was registered, making the transfer to another wallet, 0x8c472475…8646928232. Meanwhile, the transaction took place approximately 3 hours ago as of writing. 
Intriguingly, the whale transaction also comes in the midst of a burn rate plunge. The SHIB token experienced a fall of 86% in its burn rate today, December 11, according to <a rel="nofollow" href="https://www.shibburn.com/" target="_blank">Shibburn</a>. 
Also read: <a href="https://coingape.com/crypto-trend-reversal-on-the-cards-as-investors-fomo-for-buying-the-dips/" target="_blank" rel="noopener">Crypto Trend Reversal On the Cards As Investors FOMO For Buying the Dips</a> 
<h2 id="shiba-inu-price-drops">Shiba Inu Price Drops</h2> 
As of writing, the <a href="https://coingape.com/price/shiba-inu/" target="_blank" rel="noopener">Shiba Inu price</a> noted a noteworthy fall of 6.08% over the past 24 hours, evaluating $0.000009642. However, the token jotted down a weekly surge of 7.47%, escorted by a monthly upswing of 4.66%. 
The price surge witnessed by the token recently, aligns with the recent hurricane of advancements made by the Shiba crypto community. In the community’s gust of developments, the token recorded massive amounts of SHIB being <a href="https://coingape.com/shiba-inu-burn-rate-soars-83000-as-whale-shifts-4-tln-shib/" target="_blank" rel="noopener">burnt</a> over the past few days. Moreover, an upcoming <a href="https://coingape.com/shiba-inu-backed-shibacals-unveils-nft-launch-in-collaboration-with-busta-rhymes/" target="_blank" rel="noopener">NFT launch</a> in collaboration with Busta Rhymes appears to have jacked up the SHIB price surge over the past few days. 
However, in contrast to the developments by the Shiba community recently, the price today dropped drastically amid a <a href="https://coingape.com/institutional-investors-crypto-inflow-slips-will-crypto-market-selloff-continue/" target="_blank" rel="noopener">crypto market selloff</a> on Monday, December 11. 
In addition, according to a recent <a href="https://coingape.com/markets/shiba-inu-price-prediction-heres-why-shib-is-at-risk-of-22-drop/" target="_blank" rel="noopener">SHIB price prediction</a>, while the short-term SHIB outlook leans bearish, a triangle pattern suggests a likely sideways trend in the coming weeks. 
Also read: <a href="https://coingape.com/us-fed-rate-cuts-to-start-after-bitcoin-halving-in-q3-goldman-sachs/" target="_blank" rel="noopener">US Fed Rate Cuts To Start After Bitcoin Halving In Q3: Goldman Sachs</a> 
The post <a rel="nofollow" href="https://coingape.com/shiba-inu-whale-shifts-4-tln-shib-as-price-dips-whats-next/">Shiba Inu Whale Shifts 4 Tln SHIB As Price Dips, What’s Next?</a> appeared first on <a rel="nofollow" href="https://coingape.com">CoinGape</a>.

Shiba Inu Whale Shifts 4 Tln SHIB As Price Dips, What’s Next?

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