Bearish
Shiba Inu Whale Liquidates 600B SHIB After 3-Year Dormancy, Incurs $1.63M Loss
A Shiba Inu whale, dormant for over three years, has liquidated its entire 600 billion SHIB holdings, realizing an estimated loss of $1.63 million. This significant sell-off adds downward pressure on SHIB's price, which remains substantially below its all-time high.
Key points
- The whale's liquidation of 600 billion SHIB after three years of inactivity contributes to increased selling pressure on SHIB.
- Despite the large sell-off, SHIB's price remains significantly below its all-time high, indicating limited immediate impact on the broader market.
Sources
AI-generated from public news sources. Not financial advice.
