Only the leading cryptocurrency with half a billion dollars liquidation in 24 hours Bitcoin (BTC) Almost all cryptocurrencies fell sharply. While all the leading cryptocurrencies are retreating to the support point of a month ago, especially one altcoin seems to have gained enormous support from whales. If this altcoin Elon Musk‘s favorite cryptocurrency dogecoin‘of (DOGE) rival shiba inu‘from (SHIB) not anyone else!
Light Gets Billions of SHIBs
According to information reported by WhaleStats, one of the largest whales in the Ethereum network attacked SHIB. According to transaction data “Light” Ethereum whale wallet address, also known as $6.4 million SHIB he bought.
It was also noticed that only a $ 6 transaction fee was paid for this transaction. As more whales began to receive SHIB, this whale’s earnings multiplied within minutes. SHIB’s dominance over all other altcoins 14% level, which appears to be the highest level for SHIB since February 2022.
Despite this, SHIB is still a long way from its old days. The average volatility of SHIB, which reached 250% in the previous rally, is now at 25%. A 10-fold drop in volatility causes price changes to be very rare.
When we look at the last 24-hour performance of SHIB, it is seen that with the Robinhood listing, it separated positively from the market and experienced a 14 percent increase.
*Not investment advice.