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Massive Shiba Inu Whale Moves Nearly 92 Billion $SHIB to Indonesian Crypto Exchange As Price Drops

According to data from the Ethereum blockchain, a whale that currently has over $4.5 million worth of digital assets in its wallet has recently moved nearly 92 billion tokens, worth around $1.1 million, to the cryptocurrency, presumably to dump the tokens.

The transaction came at a time in which the price of the meme-inspired cryptocurrency has been steadily falling after rallying over 50% year-to-date. Over the past week, SHIB’s price has dropped by more than 8%.

The whale’s transaction was made to a wallet associated with Indodax, an Indonesian cryptocurrency exchange, and given the timing it’s presumed the whale sold off its SHIB tokens. In its wallet, it still holds 296 million Polygon ($MATIC) worth over $360,000, and 55 million Smooth Love Potion ($SLP), worth over $180,000.

Shiba Inu Shiba Inu $0.00
-0.85%
Shiba Inu SHIB
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