• 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

Elon Musk's Antitrust Lawsuit Against Apple and OpenAI Moves Forward

chest

A federal judge has allowed Elon Musk's antitrust lawsuit against Apple and OpenAI to proceed, focusing on market monopolization claims related to ChatGPT's exclusivity on iOS.

user avatarEmily Carter

OG Whale Sells 600 Million in Bitcoin Amid Market Uncertainty

chest

Owen Gunden, a prominent Bitcoin holder, sells a significant portion of his holdings, raising concerns and interest among analysts.

user avatarTomas Novak

Bitcoin Faces Resistance Below 105,000 Amid Mixed Market Sentiment

chest

Bitcoin struggles to reclaim higher supply levels as it remains caught between cautious optimism and selling pressure.

user avatarKaterina Papadopoulou

Ethereum Faces Significant Price Decline and Resistance Challenges

chest

Ethereum's price has struggled to stay above $3,350, leading to a decline that saw it dip below $3,250 and form a low at $3,153. Key resistance levels are identified at $3,350 and $3,500, while initial support is near $3,200 and $3,150.

user avatarMaya Lundqvist

Bitcoin Resistance Levels Indicate Potential Recovery Challenges

chest

Bitcoin faces resistance at 102,200, with key levels identified for potential recovery.

user avatarLeo van der Veen

Cybercriminals Exploit Official Reporting Platform to Steal Cryptocurrency

chest

Cybercriminals in Australia exploit the official cybercrime reporting platform to impersonate federal police and steal cryptocurrency, prompting urgent warnings from authorities.

user avatarLi Weicheng

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.