With the crypto market going through tough times, a whale sold 5 trillion Shiba Inu (SHIB). This amount of token sales caused a serious drop in the price of the meme coin. As a matter of fact, who this whale was in the market was the subject of discussion. Rumor has it that the crypto whale behind this decline is Tron CEO Justin Sun!
Mysterious whale sold, SHIB price fell hard!
As the crypto market continues to bleed, TRON founder Justin Sun is blamed for the recent Shiba Inu (SHIB) fall. The price of the meme coin has lost 13% in the last 24 hours at press time, and 45% on a weekly basis. The Shiba Inu rebounded a bit after adding another zero to its price today at $0.000009145 and was trading at $0.00001084 at the time of writing.
As you can follow from the news ofKriptokoin.com , the widespread selling in the global crypto market has been continuing since the crypto market fell by -16.06% during the day to $1.19 trillion. All major cryptocurrencies in the world, including the Shiba Inu, had the worst sell-off in history. As sales intensify, the Shiba Inu token has lost more than -13% of its value in the last 24 hours.
This sharp drop in SHIB price comes after the mysterious BNB whale sold $52.9 million ($5.90 million) worth of 5 trillion SHIB in two key transactions in the past 24 hours, according to Etherscan.io data reports.
Mysterious whale Justin Sun, founder of TRON?
However, the mysterious whale still has 3 trillion Shiba Inu tokens worth $31.440,000 ($31.44 million) in its wallet. After this big sale from the whale, rumors began to circulate in the market that this mysterious wallet belongs to Justin Sun, the founder of TRON.
Even Gossip SHIB, a former SHIB Growth Breed Member, noticed this mysterious BNB wallet address and asked Justin Sun to reveal the true story by tagging him and sharing screenshots of the transactions in his tweet:
justinsuntron today The evil behind SHIB diving? Conspiracy or real? This is what it looked like during the dive.
@justinsuntron is the evil behind #SHIB dip today?
Conspiracy or true? pic.twitter.com/UiRp85v9q0
— ♛ Lucie Sasínková ♛ (@LucieSHIB) May 12, 2022
Any confirmation or denial from TRON founder Justin Sun at press time no response yet.
