Shiba Inu (SHIB) Whales Sell Big! What’s the Latest?

crypto whale wallet tracker to WhaleStats According to the recent largest Ethereum whales disposed of some of their SHIBs.

According to the data, Ethereum whales, 1.2 billion in the last 2 days shiba inu sold his token.

The current value of 1.2 billion SHIBs is 13 million dollars.

According to data from WhaleStats, the top 100 Ethereum whales currently hold $127 million in market cap. SHIB holding the token. This amount amounts to an average of 4.8% of the total cryptos held by the whales’ wallets. The data of the site 2 days ago was that this amount was 140 million dollars. This change confirms the sale of whales.

After the whales were sold, SHIB lost 7% in 1 hour. A large bearish candle has formed on the hourly chart.

SHIB Developer: Important Updates Coming!

One of the leading phenomenon developers of the Shiba Inu ecosystem Shytoshi Kusamaannounced on Twitter that important updates related to SHIB are on the way.

#SHIBARMY… there will be burns from the game period. Upcoming details will explain why #ShibaEternity is powerful, challenging, great for Shib, Shiboshi holders, and Shibarium once the blockchain version is released. The real question is where will you be on #downloadday ? pic.twitter.com/duUBent2oH

— Shytoshi Kusama™ (@ShytoshiKusama) September 17, 2022

“When SHIB’s own blockchain is operational and new developments arrive, SHIB investors will be quite happy. The real question is, where will you be?”

Shiba Inu influencers generally tweet on Twitter that SHIB will make big breakthroughs in Q4 of the year.

However, market data shows that the situation is not very encouraging. SHIB, the competitor of the dog-themed meme token Dogecoin, closed the previous week down 18%. Changing macroeconomic conditions around the world, as they are risky assets. cryptocurrencies affects much more. bitcoin regressing, like SHIB altcoins followed by the leading cryptocurrency.