WhaleStats wallet tracker has announced on its website that within the past two days, the largest Ethereum addresses that hold Shiba Inu meme coins have sold a mind blowing amount of them – more than 1.2 trillion.
This is equal to $13,000,000 in fiat. Prior to that, these whales got rid of another trillion SHIB.
Whales dump 1.2 trillion SHIB on market
Per data recently published by WhaleStats, at the time of writing, the top 100 Ethereum wallets hold $127,185,426 worth of Shiba Inu. This is $13 million less than the $140 million in SHIB they held on Saturday. The crypto equivalent of the sold assets is a total of 1,207,056,638,811.
A similar amount of SHIB - 1,115,879,828,326 - was dropped on the market at the end of last week, as reported by U.Today over the weekend.
SHIB loses 7% in one hour
Earlier today, the second biggest meme cryptocurrency formed a massive red candle on the hourly chart, losing slightly more than 7%.
The whales managed to sell their SHIB prior to this price fall, locking in their profits.