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Whale Caught Dumping 443 Billion SHIB Amid Price Surge

Shiba Inu (SHIB) price rally backed by the Shibarium update and Ethereum (ETH) whales buying saw a decline on Thursday. World’s second largest meme crypto’s price dropped by over 9% in the last 24 hours. Just after the massive SHIB price pump, the whale tracker reported a big whale transaction which could be a probable reason behind the recent price drop.

As per the data revealed by WhaleAlert, whale addresses moved more than 443 billion Shiba Inu Coin (approx worth $5.1 million.) in a single transaction. The reported transaction saw the deposition of SHIB token on the OKEx crypto exchange.

(By Ashish Kumar)

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