𝙒𝙝𝙮 𝙄𝙨 𝙩𝙝𝙚 𝙎𝙃𝙄𝘽 𝙋𝙧𝙞𝙘𝙚 𝙁𝙖𝙡𝙡𝙞𝙣𝙜?

In the past few hours, Shiba Inu’s ($SHIB ) price has plummeted by over 10.6%, now hovering around $0.00001737. This significant drop hints at an attacker offloading their holdings, applying immense downward pressure on the market. Blockchain data reveals this individual still holds nearly 5.43 trillion $SHIB tokens.

Attacker Offloading SHIB Tokens

WazirX, India’s largest digital asset exchange, recently experienced a major security breach. Hackers exploited vulnerabilities in the platform’s multisig wallets, resulting in the theft of over $230 million in various cryptocurrencies, including SHIB, PEPE, Ethereum, and Fantom.

Blockchain data reveals the attacker transferred a staggering 5.43 trillion SHIB tokens, valued at nearly $100 million, from WazirX to an unknown wallet.

🚨 5,433,752,465,343 #SHIB (102,126,698 USD) transferred from #WazirX to unknown wallet. 🚨

— Whale Alert July 18, 2024

Will SHIB Continue Its Fall?

Currently, SHIB’s price is down 10.72%, trading at $0.00001738, having dropped from $0.00001906 over the last 24 hours. This decline coincides with broader market speculations about the recovery prospects of affected cryptocurrencies.

Despite a notable 874% surge in the SHIB burn rate today, market sentiment remains bearish. The Relative Strength Index (RSI) for SHIB stands at 53, indicating neutral territory but reflecting cautious investor sentiment.

Stay tuned for more updates and trade smart!

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