Shiba Inu At $0.00001486 Amid Whale Exit, Lucie Responds On X
Shiba Inu (CRYPTO: SHIB) is trading at $0.00001486, giving a 1.95% return in a day. While SHIB dropped 9.19% in the past week, it has grown 16.97% in a month. The price action comes on the back of the SHIB community, which is in mayhem, as an anonymous whale has liquidated over 10.76 billion tokens, raising concerns about short-term volatility and investor sentiment.
A whale moved its full SHIB holding, valued at about $153,000, over to Bybit Exchange, in two separate transactions. The wallet had been dormant for almost a year, and the last large transaction was a 1.6 billion SHIB sale to KuCoin. The liquidation happened when SHIB consolidated below a crucial resistance of $0.000017.
Questions are raised about whether it was a deliberate exit on recent profits, or an early warning of more downside risk.
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