💥💥💥 #shibainunews : #Revolut Offloads 63B $SHIB & Other Crypto, What's Next?
Shiba Inu Update: Revolut Offloads 63 Billion SHIB Tokens
Revolut’s Strategic Shift
- Revolut has sold 63 billion Shiba Inu (SHIB) tokens, valued at about $958,860, as part of a broader strategy. The company also offloaded 236 Ethereum (ETH) worth $735,000 and 200,000 Uniswap (UNI) tokens valued at $1.36 million. This move suggests a strategic reallocation of their crypto holdings.
- In addition, Revolut has acquired 6.76 million GALA tokens, 992.42 million FLOKI tokens, and 61.38 billion PEPE tokens, indicating a shift towards diversifying and exploring new opportunities in the crypto market.
Market Impact and Speculations
-The large sale of SHIB tokens has raised concerns about potential volatility and a possible short-term dip in SHIB’s value. Currently, SHIB is trading at $0.00001504, down over 1% in the last 24 hours, with a 17% increase in trading volume but a 7% drop in open interest.
- Revolut’s acquisition of $PEPE and $FLOKI tokens suggests confidence in these newer assets, while SHIB’s increased burn rate has slightly buoyed market sentiment. Overall, Revolut’s transactions mark a significant shift in their crypto strategy, with close monitoring needed to assess the impact on SHIB and other assets.
Source - coingape.com
