Here’s Why Top Whales Sold 1.4 Trillion SHIB, According to Fresh Trading Data


Ethereum whales have dumped mind-blowing amount of meme coins over past four days

Data from the WhaleStats wallet tracker focused on various chains including the Ethereum, Polygon and BNB chains shows that over the past four days, the 100 largest whales on ETH got rid of $14.9 million worth of Shiba Inu canine coins.

Whales sell 1.38 trillion SHIB

WhaleStats shows that at press time the amount of Shiba Inu held by the 100 largest wallets that hold ETH-based tokens contain $125,152,623 worth of Shiba Inu, with this meme coin comprising 4.75% of these whales’ portfolio.

Four days ago, as covered by U.Today, there was $140,908,143 in wallets. The total difference with the current equivalent of the Shiba Inu is $14.9 million.

SHIB price action that drove sale

On Sept. 18, Shiba Inu demonstrated a sudden plunge within one hour, printing a massive red candle and falling roughly 6% to $0.00001053. Since then, SHIB has attempted to rise but failed to hold at the $0.00001106 level.

Whales sold their last stake of SHIB – valued at $4.7 million – after the second largest meme crypto rose 2.32% before going down again.


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