A record amount of Shiba Inu has been dumped by ETH whales over the past three days, here’s what drove them to do that
According to recent data shared by WhaleStats, the largest wallet on the Ethereum chain has got rid of more than 1.1 trillion Shiba Inu tokens in the past three days. The recent transaction to sell this canine token brought approximately 61 billion SHIB to the Binance exchange.
The aforementioned wallet tracker shared that since September 14, the SHIB stash held by top Ethereum whales has shrunk from $152 million to $142 million on September 16 and down to $140 million worth of Shiba Inu today.
The amount of SHIB denominated in this amount of USD is equivalent to a staggering 1,115,879,828,326 meme coins.
A most recent transaction carried a total of 60,921,271,741 SHIB to the Binance exchange, which was done most likely to sell this crypto.
Whales have been dumping SHIB for weeks, the token is going down. According to data from CoinMarketCap, the second largest meme coin has lost a little over 10% of its market cap over the past seven days.
