Whale Sells $100 Million Worth of Shiba Inu, Leading To Major Price Crash

Shiba Inu (SHIB) Loses Over 26% of its Value in 7 Days as the Mysterious SHIB Whale Returns 9.47 Trillion SHIB Worth $100 Million to the Market

Shiba Inu (SHIB) along with other major cryptocurrencies experienced intense selling pressure since Monday.

The biggest cryptocurrency in the world in terms of market cap, Bitcoin (BTC) is responsible for this widespread selloff in the global crypto market as BTC has sliced 30% of its value within the last 7 days, potentially sending disastrous ripple effects across the broader crypto market.

However, when it comes to SHIB, the mysterious whale also played an important role in dragging down the value of the most popular canine-themed cryptocurrency.

Etherscan.io reveals that the mysterious SHIB whale is responsible for such a sharp SHIB plunge as she sold a mind-boggling total of 9.47 Trillion SHIB, worth $100,046,191($100.0M) to two unknown wallets through three separate transactions on June 9th and 10th.

On June 9th, 2022 (Thursday), the mystery SHIB whale carried out two enormous OUT transactions, selling $99.67 million worth of popular canine-themed cryptocurrency to an undisclosed wallet.

The Whale carried out her third OUT transaction on June 10th, 2022 (Friday), selling only $373,313 worth of Shiba Inu to another random unknown wallet.