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<p>A group of eleven wallets, potentially belonging to a single whale, has sold 533.6 billion SHIB tokens yesterday. <a href="https://platform.spotonchain.com/en/signal-details/eleven-wallets-jointly-sold-shib-for-dai-76519" target="_blank" rel="noopener noreferrer nofollow">According</a> to data from SpotOnChain, one of the most popular on-chain platforms in crypto, this massive sale was executed for a total of 15.99 million DAI, at an average price of $0.00003 per SHIB token.</p>
<p>The wallets involved in this transaction are:</p>
<ol>
 <li>0xfb67ef6fe609edab1e0595e6815634e8e4db9cf7</li>
 <li>0x8d6ee60e6b40f6a846a12e28e36557ec673f9b45</li>
 <li>0xa3f526dc2b89bcdac893be3daa781d0b565a3b45</li>
 <li>0xf471176f71c41e30304146129b594e21ad6bc16f</li>
 <li>0x607c26c976272459a0896065e03a9b70c0ef04b5</li>
 <li>0xfdc4661d8197c2072f66e59f5c259f9af2e5a821</li>
 <li>0xd0f4ed0499606a040bd3987e3fa2a275c5f28b02</li>
 <li>0xE794B285e1Efed681B693B5AF6aEE755ceB1A563</li>
 <li>0x7523e4f3f927705714aba5e11b57bfbbe363d185</li>
 <li>0xf810101a498a16671e191dd5a5bf1a20718dedf1</li>
 <li>0x52c207233f10a4a304f32a793d6c5801be515ca3</li>
</ol>
<p>Interestingly, these same wallets had initially acquired their <a class="wpil_keyword_link" href="https://captainaltcoin.com/shiba-inu-price-prediction/" title="SHIB" data-wpil-keyword-link="linked" target="_blank" rel="noopener noreferrer nofollow">SHIB</a> holdings on March 1, 2024, by purchasing 7.75 million DAI worth of SHIB at an average price of $0.00001453. This means that after less than a month, they have realized a joint profit of $8.24 million, representing a 106% return on their investment.</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="518" src="https://captainaltcoin.com/wp-content/uploads/2024/03/image-1482-1024x518.png" alt="" class="wp-image-464571" srcset="https://captainaltcoin.com/wp-content/uploads/2024/03/image-1482-1024x518.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-1482-300x152.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-1482-766x388.png 766w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-1482-1536x778.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-1482-2048x1037.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-1482-296x150.png 296w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-1482-100x51.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-1482-691x350.png 691w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-1482-788x398.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-1482.png 950w" sizes="(max-width: 1024px) 100vw, 1024px">
 <figcaption class="wp-element-caption">
  Source: SpotOnChain
 </figcaption>
</figure>
<p>Despite this massive sell-off, the price of the Shiba Inu (SHIB) <a class="wpil_keyword_link" href="https://captainaltcoin.com/meme-coins/" title="meme" data-wpil-keyword-link="linked" target="_blank" rel="noopener noreferrer nofollow">meme</a> coin has remained relatively calm, with the token actually gaining 9% over the past week and currently trading around $0.00003. This could potentially indicate that the market has absorbed the sell pressure from this whale without significantly impacting the price.</p>
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<p>While the motivations behind this massive trade remain unclear, it underscores the potential volatility and unpredictability of the cryptocurrency market, especially when it comes to meme coins like SHIB. However, for those willing to embrace the inherent volatility and unpredictability, the potential rewards can be massive, as evidenced by the 106% profit realized by these eleven wallets in less than a month.</p>
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<p>The post <a href="https://captainaltcoin.com/shiba-inu-traders-massively-offload-shib-as-meme-coins-price-remains-calm/" rel="noopener noreferrer nofollow">Shiba Inu Traders Massively Offload SHIB, as Meme Coin’s Price Remains Calm</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Shiba Inu Traders Massively Offload SHIB, as Meme Coin’s Price Remains Calm

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