• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Shiba Inu Drops 10% Following Whale Transfer of 4 Trillion Tokens

user avatar

by Giorgi Kostiuk

a year ago

The meme coin Shiba Inu (SHIB) has experienced a significant decline of over 10% in the past 24 hours, reaching $0.00002326. This occurred amid several major events, including a whale's transfer of 4 trillion tokens and the Federal Reserve's announcement about the economy.

Shiba Inu Price Decline

The price of the meme coin Shiba Inu has fallen by more than 10% in the past day and is now $0.00002326. While SHIB showed gains during the market rally, its upward trend seems to be slowing.

Massive Whale Transaction

Whale Alert reported a transfer of 4 trillion SHIB tokens from one unknown wallet to another. The transaction fee was only $8.10 in Ethereum.

Fed's Announcement and Impact

The Federal Reserve stated that the US economy is doing well and that future rate cuts will be approached with caution. This statement has also pressured the cryptocurrency market, including Shiba Inu.

The decline of Shiba Inu's price and the massive token transfer by a whale occurred amidst the Federal Reserve's announcement, significantly impacting SHIB's upward trend and resulting in a price drop.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Revised Editorial Guidelines Highlighting Improved Precision and Objectivity.

chest

A new editorial policy has been established to ensure accuracy, relevance, and impartiality in reporting.

user avatarMiguel Rodriguez

House Financial Services Committee to Hold Hearing on Tokenization

chest

The House Financial Services Committee will hold a hearing on tokenization, focusing on the integration of securities products onto blockchain platforms.

user avatarArif Mukhtar

Hearing to Address Regulatory Challenges of Tokenized Financial Products

chest

The upcoming hearing will address regulatory challenges and the classification of tokenized financial products, with a focus on industry perspectives.

user avatarLuis Flores

Solana Faces Price Decline Below Key Support Levels

chest

Solana's price has failed to stabilize above 92, leading to a decline below key support levels.

user avatarMaria Gutierrez

Bitcoin Price Faces Sharp Decline and Bearish Trend

chest

Bitcoin's price has sharply declined from over 72,000, entering a bearish zone with significant resistance levels.

user avatarDavid Robinson

Economic Fallout from the Closure of the Strait of Hormuz

chest

The closure of the Strait of Hormuz is causing widespread economic repercussions, with rising prices for various commodities and potential shortages.

user avatarAndrew Smith

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.