It is the highest rising cryptocurrency in the past month and at one point Dogecoin The Shiba Inu (SHIB), who broke his own all-time record by even surpassing (DOGE), went into free fall.
SHIB Price Drops
shiba inu price fell 13% after a single news, and the effects of this news seem to continue for a long time.
An investor who bought $8,000 SHIB in August 2020 and turned it into billions in a short time has reactivated his wallet.
The whale, whose wallet had a SHIB worth more than 5 billion dollars, especially when the price of SHIB peaked, took action recently and this news caused fear in the whole market. The group most affected by this news was SHIB investors.
Although it is not known whether the whale, who made 6 different transfers and transferred SHIB of 2.3 billion dollars in total, would sell them, even his fear was enough to cause the price to drop.
In the tweet shared by Unusual Whales, it is emphasized that the whale, who was touted as “the best trader in history”, has woken up.
Reaching $5.7 billion wealth in 400 days and owning 16% of the total market capitalization, the investor caused great uncertainty with his transfer, and this fear may not pass until the funds in the wallet become active again or remain passive for a long time.
He is awake.
The best trader of all time is alive.
This wallet bought $8,000 of $SHIB last August.
It’s now worth $5.7 billion.
I repeat – $5.7 billion in 400 days.
He owns 16% of the marketcap.
He has sent $2.2 billion to four different wallets yesterday.
Incredible. pic.twitter.com/3Zkodcv034
— unusual_whales (@unusual_whales) November 3, 2021
Looking at the SHIB supply, it is seen that the top 10 wallets hold 72% of the entire supply, which shows how much control the whales are.