2022-10-17 19:21:11
Whales have had a massive sell-off of 1.4 trillion SHIB in 24 hoursOnline cryptocurrency tracker WhaleStats, which tracks transactions of major blockchains including Ethereum, BNB Chain and Polygon, recorded a massive sale of Shiba Inu tokens.
Large holders of the network got rid of $1.4 trillion of tokens, causing the crypto-asset to fall to fifth place in the amount of the largest savings among the serious whales of the ETH network.
Experts noted that the top 100 holders of virtual assets on the Ethereum network owned SHIB for a total of $159.67 million about twenty-four hours ago.
However, as of 2:30 p.m. Moscow time, that figure had dropped to $140.26 million. The difference in the number of tokens held on their balances was 1.44 trillion Shiba Inu.
Analysts noted that investors likely recorded short-term gains after Shiba Inu rose in value by several percent in the past few days. SHIB was now only 3.05 percent of the total assets in the portfolios of the major whales.
Social media users recalled that a week ago, PAC Protocol CEO David Gochstein predicted Shiba Inu would rise to $0.01. However, not many people are in solidarity with him.
The users emphasized that the price of SHIB was about $0.000013, while the total supply of assets was at $7.2 billion. The growth in value ten times will be possible only when the capitalization of the cryptocurrency market will overcome the mark of $10 trillion or more.
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