Shiba

Shiba Inu

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/shiba-inu-shib-experiences-significant-price-drop-after-whale-transfers/" data-wpel-link="internal">Shiba Inu (SHIB) Experiences Significant Price Drop After Whale Transfers</a><br></p>
<p style="text-align: justify"><a href="https://en.coin-turk.com/whale-accumulation-in-shiba-inu-cryptocurrency-sparks-community-interest/" data-wpel-link="internal">Shiba</a> Inu (<a href="https://en.coin-turk.com/shiba-inu-community-surprises-with-burning-transactions-as-shibarium-approaches/" data-wpel-link="internal">SHIB</a>) hosted a significant price drop after experiencing a rise of over 250% in the past weeks, falling below the $0.00003 level. The decline is occurring simultaneously with SHIB transfers to exchanges by a whale wallet, increasing concerns about potential sales by investors.</p> 
<h2 style="text-align: justify" id="shiba-inu-shib-whale-activity">Shiba Inu (SHIB) Whale Activity</h2> 
<p style="text-align: justify">On March 15, <strong>Whale Alert</strong> (@whale_alert), known for tracking cryptocurrency whale transactions, revealed significant transfers of SHIB tokens to crypto exchanges. An unknown wallet transferred a massive 1 trillion SHIB (worth $28.8 million) to Gate.io, a leading cryptocurrency exchange.</p> 
<p style="text-align: justify">Following the transaction, which occurred around noon Turkey time, SHIB’s price experienced a sharp decline, falling to $0.0000277 before a slight recovery.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-329078" src="https://coin-turk.com/wp-content/uploads/2024/03/shib-gate-io-1-trilyon.jpg" alt="" width="490" height="184"></p> 
<p style="text-align: justify">Looking back at the whale wallet’s activities, the history of SHIB token purchases is revealed. In January, the wallet in question had made a total purchase of 1.44 trillion SHIB in multiple transactions. These tokens were bought from <a href="https://en.coin-turk.com/the-impact-of-binance-on-the-crypto-market-boosting-one-altcoin-while-crushing-another/" data-wpel-link="internal">Binance</a> and Gate.io, with transfers indicating 546 billion SHIB from Binance on January 8 and more than 895 billion SHIB from Gate.io between January 9-18.</p> 
<p style="text-align: justify">During these purchases, SHIB had moved above the $0.00001 price point. The whale wallet continued to hold these tokens until February 7 and then transferred 500 billion SHIB to Gate.io. However, this amount was not sent directly from the same wallet but from other wallets.</p> 
<p style="text-align: justify">After this exit in February, the whale wallet again purchased 300 billion SHIB from Binance and Gate.io and retained its assets until today’s transaction.</p> 
<h2 style="text-align: justify" id="shiba-inu-shib-price-outlook">Shiba Inu (SHIB) Price Outlook</h2> 
<p style="text-align: justify">Whale transactions, a notable part of the SHIB ecosystem, are often considered by investors as a harbinger of potential selling activities. Comments and transactions made by the whale have further increased investors’ inclination towards selling.</p> 
<p style="text-align: justify"><strong>SHIB</strong>, as of writing, is trading at $0.00002691, reflecting a 7.92% decrease in the last 24 hours and a 17.12% drop over the past week. On the other hand, SHIB had a 192.45% increase last month, outperforming many other cryptocurrencies.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/shiba-inu-shib-experiences-significant-price-drop-after-whale-transfers/" data-wpel-link="internal">Shiba Inu (SHIB) Experiences Significant Price Drop After Whale Transfers</a></h5>

Shiba Inu (SHIB) Experiences Significant Price Drop After Whale Transfers

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