Shiba Inu Price Prediction: 200 Billion SHIB Whale Dump Hits Coinbase – Is SHIB Going to $0?
Main Idea
A whale dumped 200 billion SHIB tokens on Coinbase, impacting Shiba Inu's price, but technical indicators suggest a bullish outlook. Meanwhile, Token6900 (T6900) presale nears $2M, attracting investors with its meme coin appeal.
Key Points
1. A whale sold 202.48 billion SHIB tokens on Coinbase Prime, potentially securing a $200,000 profit after accumulating them two months prior at $0.00001200.
2. Despite the whale dump, Shiba Inu's price action shows bullish signals, with a 14.3% weekly gain and a 36% increase in trading volumes.
3. Technical indicators like the RSI and 200-day EMA suggest SHIB could rise above $0.00001600, with potential for significant gains.
4. Token6900 (T6900), a meme coin presale, has raised nearly $2M, appealing to investors with its community-driven and nostalgic theme.
5. The article mentions other trending crypto topics, including ETFs for Pudgy Penguins and regulatory developments in the crypto space.
Description
A whale that had been accumulating SHIB tokens for two months has dumped all of its holdings and is now favoring a bearish Shiba Inu price prediction—is this meme coin set to drop to $0? Data from Arkham Intelligence shows that this whale wallet used Coinbase Prime to acquire 202.48 billion SHIB tokens two months ago when the price was sitting at around $0.00001200. The position should have been worth around $2.4 million at the time. Two days ago, that same wallet dumped its entire stake in this...
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