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Shiba Inu: Anon Whale Dumps 2.8 Trillion SHIB, Here’s Why

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Shiba Inu has been dominating the memecoin realm alongside Dogecoin. Memecoins have picked up a newborn interest among investors from last year. Even though the crypto market is slumping in a prolonged bear market, interest in SHIB among the whales hasn’t settled. Recently, whale activity around Shiba Inu has been happening at an alarming rate. Whales were not buying billions , but trillions of SHIB. The whale s have also been transferring and dumping the SHIB and buying it back. This has become a routine activity for some anonymous whale s. Recent data from Etherscan shows that an anon whale has transferred 2.8 trillion SHIB to another wallet. Anon whale dumps 2.8 trillion SHIB As per the details from Etherscan, the anon whale moves 2,871,107,075,474 SHIB to another wallet. The value of the transfer at the time of writing is $27.7 million. The nature of the transfer is unknown. It could either be a normal transfer or possibly a sell-off. Details from Ether...