There was a great mobility in the crypto market! A Shiba Inu (SHIB) whale transferred a full 3 trillion SHIB ($ 51 million). Is this gigantic transaction coming to sales among investors? brought up his questions. While the price of SHIB is a decrease, investors question what the whale’s move means.
Giant transfer of Shiba Inu whale!
According to Whale Alert data, 3,36 trillion SHIB was transferred to an unknown wallet. The sender of the transaction was 0x305 and the receiving address was 0x4bd. The aim of this great transfer is still unclear.
Generally, large investors (whales) have a significant impact on the market. In particular, transfers of this size can lead to large price fluctuations. If the whale plans to sell these SHIBs, there may be serious pressure on the price.
61 %of Shıb supply is under the control of whales!
According to centimeter data, the 10 largest wallets in the Shiba Inu ecosystem hold 61.3 %of the total supply. This means a serious risk for Shıb price.
If whales start a sudden wave of sales, small and medium -sized investors may experience major losses. This means a whale effect that is not seen even in other major projects such as Ethereum and Chainlink. A few major investors can control Shıb price movements.
What’s next for Shıb price?
Currently, the price of SHIB is traded for $ 0.00001543 with a decrease of 2 %. The lowest and highest levels per day were recorded as 0.00001478 and 0.00001575. This decrease is compatible with the downward trend in the general crypto market. Interestingly, however, Shıb burning rate increased by 500 %today. According to Shibburn data, millions of shibs were burned. While providing a decrease in this supply, the great transfer of the whale worried investors. However, if large whale sales begin, the price may be under pressure.
Two scenarios are possible for Shıb in the coming days:
- If the whale sells SHIBs in his hand, a large sales pressure on the price may occur and Shıb may lose critical support levels.
- If this is a long -term investment move, the price may move upward and investor confidence may increase.
All eyes are in Shıb whales! Crypto investors should closely follow price movements and possible wave of sales.
