Shiba Inu Suffers Major Crash In Whale Activity, Will The Price Follow?

Quick Summary:

Popular doggy-themed meme coin, Shiba Inu, has experienced a major crash in whale net flows, signaling a shift in sentiment among large-scale investors.

This sharp decline could have significant repercussions for the meme coin’s price, especially as Shiba Inu has been under severe downward pressure in the last few months.

Earlier this month, reports revealed that SHIB had achieved a 7-day record high in its large transaction volume, seeing over 3.5 trillion SHIB tokens transferred across different wallets.

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Article Details

Author / Journalist: Scott Matherson

Category: Crypto

Markets: Hungary

Topics: Whale news SHIB news Shiba Inu price Crypto SHIBUSDT SHIB price Crypto whales Shiba Inu SHIBUSD Shiba Inu news Shib Whales

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-14 @ 05:00:33 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 460 words

Reading Time: 3 minutes read

Sentences: 36 lines

Sentence Length: 13 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bitcoinist

News ID: 22504722

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About Bitcoinist

Main Topics: Crypto

Official Website: bitcoinist.com

Update Frequency: 36 posts per day

Year Established: 2014

Headquarters: Hungary

News Last Updated: 13 hours ago

Coverage Areas: Hungary

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Publication Timezone: GMT +8:00

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Publisher ID: #105

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