Recent data shows that over past few days, largest ETH whales have dumped $7 million worth of Shiba Inu
As reported by WhaleStats crypto wallet Tracer, the amount of Shiba Inu held by the top 100 whales on Ethereum has decreased significantly over the past few days, losing around $7 million.
This amount of USD can buy one a whopping 628 billion SHIB canine coins at the present exchange rate. In the meantime, Shiba Inu has merged on the list of the top 10 assets with the biggest trading volume.
Whale dumping more than half a billion shibs
The WhaleStats team shared that over the past few days, the supply of Shiba Inu meme tokens held by the 100 largest investors on the Ethereum chain has dropped by about $7 million, down from $134 million at the time to a total of $126,805,312. Went. writing this. This is 5.12% of his portfolio.
The sale of was made gradually as the second largest meme coin was gradually going down in price, leaving behind the $0.00001119 level on Friday, Oct. 7.
On October 11th, SHIB fell over 6% within an hour, printing a huge red candle on the chart.
Thus, the whales managed to lock in their gains before the price went down abruptly.
Elon Musk Started Selling His Perfume For Meme Crypto
As previously reported by U.Today, Tesla and SpaceX CEO and centbillionaire Elon Musk has announced the launch of his first perfume, made by The Boring Company, to relieve the regular streets of heavy traffic in the United States. Builds underground tunnels.
The perfume has been extravagantly titled “Burnt Hair,” and Elon Musk has changed his bio section in Twitter to a single line, “Perfume Salesman.” Already today, more than 10,000 bottles of it, worth $104 each, have been sold. Musk admitted that his getting into the perfume business was just a matter of time, and he should not have waited for that long.
The Tesla boss commented on Twitter that the perfume can be bought for DOGE. Furthermore, the payment page shows that this is not the only available crypto option. Since this is being done through Bitpay, SHIB, bitcoin and other digital currencies are also accepted. They will be converted to fiat currency, and The Boring Company will get USD.
One user tagged Musk in a tweet, complaining that he was unable to perform a transaction with Dogecoin to buy the “Burnt Hair” of Elon Musk.
@invitable360, a Dogecoin developer, tweeted that it has encountered an error with this payment option.
The SHIB price has not been affected by this major news, and neither was that of DOGE, as it rose by merely 0.38%, per CoinMarketCap.
