Abnormal Shiba Inu (SHIB) Whale Activity Ends Up with 73% Crash
Main Idea
Abnormal whale activity in Shiba Inu (SHIB) led to a 73% crash in a key metric, with large inflows of tokens failing to sustain a price rally.
Key Points
1. On August 1, wallets holding over 0.1% of SHIB's supply received more than 750 billion tokens in a single transaction.
2. By August 4, inflows dropped to 425.54 billion SHIB, and the price fell to $0.000013, marking a downturn.
3. Within days, inflows further declined to just over 115 billion tokens, and SHIB's price dropped around 73% from its early-month peak.
4. The token is currently trying to hold support at $0.0000129, with a stronger floor at $0.00001107.
5. The abnormal whale activity did not result in a sustained price rally, contrary to initial optimism.
Description
Abnormal whale moves leave Shiba Inu (SHIB) down 73% in key metric
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