#SHIBA✅🚀
Shiba Inu Coin (SHIB) plummets, and the market may be facing a wave of whale selling!
As Shiba Inu Coin (SHIB), a digital currency competing with Dogecoin, has failed to show sustained price growth momentum in the past three months, "whale" investors in the market may have begun to consider selling.
Recently, analysts have publicly accused well-known singer Jason Derulo of participating in and supporting "pump and dump" in the cryptocurrency field, which undoubtedly adds some uncertainty to the entire market.
Amid the massive withdrawal of whale investors and the controversy caused by WATER tokens and Jason Derulo, Shiba Inu Coin (SHIB) suffered a plunge of more than 6% on Friday.
This plunge may be a harbinger of the market's "whales" starting to sell. As the entire cryptocurrency market adjusts, SHIB's whale investors may be looking to cash out their assets. According to Lookonchain data, a whale wallet realized a profit of up to $8.3 million by transferring all of its 1.08 trillion SHIB (worth up to $18.4 million) to the Binance exchange. The transaction lasted from November to December, with an average daily transaction volume of up to $10.07 million.
If the whale wallet sold in March when SHIB reached its annual high, its gains would be even more substantial, possibly up to $29 million. The 54% drop in SHIB's value in the past four months undoubtedly provides sufficient reasons for the whales to sell.
SHIB is currently at a critical price node - $0.0000018. At this price, investors have bought a large amount of SHIB tokens, totaling 417.43 trillion SHIB tokens. If SHIB can regain this price, it will undoubtedly inject a shot in the arm for the entire meme currency market.
As for the WATER token, although its development team may be selling its tokens, it also reflects their confidence in the future development of the project. According to Lookonchain statistics, although the development team did not participate in the pre-sale of WATER tokens, they still sent a total of 844.44 million WATER tokens to 11 other wallets.
#Mt.Gox将启动偿还计划 #美联储何时降息？
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