Shiba Inu

<ul><li>Worth about $2.3 million SHIB transferred from wallet to crypto exchanges.</li><li>Shiba Inu price decreased by over 3% in the last 24 hours.</li></ul>A large amount of <a href="https://thenewscrypto.com/tag/shiba-inu/" rel="noopener noreferrer nofollow">Shiba Inu moved</a> from cryptocurrency wallets to exchanges. According to data from analytics company Lookonchain, a significant whale (wallet 0xd6) moved 183 billion SHIB to crypto exchanges Crypto.com and Gemini, just after Voyager Digital sold its cryptocurrency holding to crypto exchanges Coinbase and Binance US.<h3 id="declines-in-shiba-inu-price">Declines in Shiba Inu Price</h3>The transferred Shiba Inu is worth about $2.3 million. Still, the wallet holds 3.33 trillion SHIB, worth around $28 million. Also, the firm mentioned historical data about the wallet that sent 200 billion SHIB to Crypto.Com and sold them for US dollars, which led Shiba Inu to drop by over 7%. This incident indicates if transferred SHIB tokens were sold the price would drop quickly.At the time of writing, the second largest memecoin Shiba Inu traded at $0.00001236 with a 24-hour trading volume of $237 million, which declined by over 8%. SHIB price decreased around 3% in a day and over 7.5% in a week. The meme coin’s market cap also declined by 2.7% in the last 24 hours.Further, cryptocurrency brokerage Voyager Digital, which has a total of $77 million SHIB, transferred around $12.12 million of Shiba Inu to Coinbase and Binance US on Feb 27. On the other hand, SHIB Army awaits the much anticipated <a href="https://thenewscrypto.com/shibarium-launch-will-be-as-soon-as-possible/" rel="noopener noreferrer nofollow">layer-2 blockchain</a> “Shibarium” launch.

Shiba Inu (SHIB) Witnessing Massive Sell-Off

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TheNewsCrypto

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