Justin Sun's $1M SHIB shocks crypto!
@Justin Sun孙宇晨 , a crypto celebrity, has been linked to Shiba Inu (SHIB) token exchanges, angering the cryptocurrency community, especially Shiba Inu Shib Army adherents. After a big SHIB token sale for over $500k in mid-February, Sun was challenged again to prove his existence in the cryptocurrency industry.
The Chinese cryptocurrency surveillance startup AI Auntie detected two transactions from Tron founder Justin Sun's accounts. Sun sent $900,000, or 30 billion SHIB tokens, from one of his wallets to Poloniex's multi-signature address. Sun then sold 7 billion SHIB for $145,000.
Sun's blockchain experience, leadership of TRON , and Poloniex exchange may outweigh these problems. He advises HTX (previously Huobi)-related crypto companies. We do not insist on his bullishness toward SHIB or a plot to artificially deplete the cryptocurrency market in these Sun transactions. Additionally, his efforts are like a weatherman to investors who learn about SHIB market trends.$TRX
Such exchanges, particularly those that trade SHIB tokens from Poloniex, are critical to market liquidity. This may simplify trading, enticing more traders to the SHIB market that will execute this trading, creating a dynamic trading environment. Additionally, Sun's agitations may modify investors' attitudes, which may impact the cryptocurrency's stability and development.
Sun has done significant SHIB trades at Poloniex multiple times. On March 4, cryptocurrency security startup PeckShield revealed that 20 billion SHIB tokens were transferred from one of Sun's wallets to Poloniex, earning $544,400, and 8.18 billion were sold.
$SHIB The market took notice, and the SHIB's value rose 0% between 28 February and 5 March, reaching its highest price. Even though SHIB had a high trading volume, its trade price fell on Sunday and its weekly performance declined sharply.
The dog cryptocurrency Shiba Inu, currently 11th in CoinMarketCap market capitalization, shows that the currency market is turbulent.
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