What is behind the fall of Shiba Inu (SHIB)?

 The ShibaInu cryptocurrency hit a record high of $ 0.000088 last week and has attracted attention with this rally. This performance of Shiba has influenced the prices of not only SHIB , but many cryptocurrencies memes . Dogecoin and FLOKI got their share of the growth as well.

Shiba Inu

However, for several days, things were not going well for Shiba Inu . The token price has tended to decline over the past few days. The market value of shibacoins reached $ 44.57 billion last week, at the time of writing it had a market value of $ 27 billion and SHIB is trading at $ 0.00005131.

Despite the fact that the cryptocurrency meme has grown so much, recently it has been recorded one of the largest income from cryptocurrencies in history. The value of Shiba in the wallet of the main mysterious investor Shib who bought $ 8,000 tokens, the profit rose to $ 6 billion. Shiba Inu puppy has about 549 trillion tokens in circulation. This mysterious whale contains 40 trillion SHIB, or about 8% of this stock. There has been some activity in this mysterious investor's long-standing wallet.

About 71% of Shiba Inu's total supply is owned by SHIB's 10 largest investors. Thus, the movements of these 10 large investors are of great importance to investors with smaller assets.

This mysterious SHIB billionaire has split the 40 trillion SHIB (roughly $ 2.3 billion) in his wallet into 4 different wallets. The move has sparked panic among Shiba investors , sparking rumors that the big whale will sell its assets.

However, the reason for the mobility in the wallet is not yet fully known. The big whale may have chosen this route to protect its assets. However, if you are investing in cryptocurrencies and kishu inu coin where most of the supply is in the hands of limited people, you should also be aware that it is very risky.