Over past two days, ETH whales sold $13 million worth of Shiba Inu, 150 trillion SHIB dumped just recently
The WhaleStats wallet tracker announced on its website that within the past two days, the largest Ethereum address holding Shiba Inu meme coins has sold more than 1.2 trillion of them.
This is equal to $13,000,000 in fiat. Prior to that, these whales got rid of another trillion SHIB.
Whale dumped 1.2 trillion SHIB in the market
At the time of writing, the top 100 Ethereum wallets have a Shiba Inu worth $127,185,426, according to data recently published by WhaleStats. That’s $13 million less than the $140 million at SHIB held on Saturday. The total crypto equivalent of the asset sold is 1,207,056,638,811.
A similar amount of SHIB – 1,115,879,828,326 – was dropped on the market at the end of last week, as reported by U.Today over the weekend.
SHIB dropped 7% in one hour
Earlier today, the second-largest meme cryptocurrency formed a huge red candle on the hourly chart, losing a little over 7%.
The whales managed to sell their SHIB prior to this price fall, locking in their profits.