Price: $0.19195 -2.9746%
Market Cap: 28.16B 1.1032%
Volume (24h): 4.37B 0.2%
Dominance: 1.1032%
Price: $0.19195 -2.9746%
Market Cap: 28.16B 1.1032%
Volume (24h): 4.37B 0.2%
Dominance: 1.1032% 1.1032%
  • Price: $0.19195 -2.9746%
  • Market Cap: 28.16B 1.1032%
  • Volume (24h): 4.37B 0.2%
  • Dominance: 1.1032% 1.1032%
  • Price: $0.19195 -2.9746%
Home > Information news > Shiba Inu crashes as Whale dumps 1 trillion SHIB tokens

Shiba Inu crashes as Whale dumps 1 trillion SHIB tokens

Release: 2024/03/16 06:00 Reading: 604

Original author:Todayq News

Original source:https://coinmarketcap.com/community/articles/65f465e657072b26e6ccfc6b

Shiba Inu crashes as Whale dumps 1 trillion SHIB tokens

The global digital asset market printed brief red indexes as crypto whales decided to dump in order to book profits. Amid this heavy crash, an on-chain data tracker caught a whale dropping a massive amount of Shiba Inu (SHIB) tokens making its price drop by more than 13% in the last 24 hours.

Shiba Inu to decline more?

According to the data provided by WhaleAlert, a crypto whale dumped 1 trillion of SHIB tokens (approx worth $28.8 million) in a single transaction. The whale wallet moved this heavy amount of Shiba Inu tokens to GateIo.

Shiba Inu riding high on Bitcoin’s bullish rally saw a major price crash on Friday. SHIB’s 13% price drop led to wiping out the gain it added over time. Now, SHIB’s price is down by almost 20% in the last 7 days. However, Shiba Inu price is still up by 198% in the last 30 days.

The popular meme token is trading at an average of $0.000029, at the press time. Its 24 hour trading is up by more than 6% to stand at $2.5 billion. The second biggest meme token is holding a market cap of $17.1 billion.

Meanwhile, SHIB is not the only crypto that recorded a heavy price crash over the last 24 hours. The cumulative crypto tokens category market cap dropped by 12% over the past day to stand at $56.7 billion. Its 24 hour trading volume is up by 10% to stand at $16.16 billion.

Meme tokens crash

The biggest meme coin, Dogecoin (DOGE) price also dropped by 10% in the last 24 hours. This led to a price drop of 4% over the last 30 days. DOGE is trading at an average price of $0.163, at the press time. Its 24 hour trading volume is down by 4% to stand at $4.5 billion.

The third biggest meme token, PEPE recorded a similar kind of decline as its price shed around 7% of its gains. However, it is still up by 655% in the last 30 days.

PEPE is trading at an average price of $0.000009, at the press time. Its 24 hour trading volume is down by 13% to stand at $2.3 billion. PEPE is holding a market cap of $3.8 billion. It is now getting direct competition from dogwifhat (WIF).

Get Crypto Trading Signals from Real Crypto Analysts. Join our Waiting List at todayq.com

Selected Topics

  • Dogecoin whale activity
    Dogecoin whale activity
    Get the latest insights into Dogecoin whale activities with our comprehensive analysis. Discover trends, patterns, and the impact of these whales on the Dogecoin market. Stay informed with our expert analysis and stay ahead in your cryptocurrency journey.
  • Dogecoin Mining
    Dogecoin Mining
    Dogecoin mining is the process of adding new blocks of transactions to the Dogecoin blockchain. Miners are rewarded with new Dogecoin for their work. This topic provides articles related to Dogecoin mining, including how to mine Dogecoin, the best mining hardware and software, and the profitability of Dogecoin mining.
  • Spacex Starship Launch
    Spacex Starship Launch
    This topic provides articles related to SpaceX Starship launches, including launch dates, mission details, and launch status. Stay up to date on the latest SpaceX Starship launches with this informative and comprehensive resource.
  • King of Memes: Dogecoin
    King of Memes: Dogecoin
    This topic provides articles related to the most popular memes, including "The King of Memes: Dogecoin." Memecoin has become a dominant player in the crypto space. These digital assets are popular for a variety of reasons. They drive the most innovative aspects of blockchain.