Shiba Inu falls after $2.3B of SHIB moved from whale wallet

[newshunter]

Shiba Inu falls after $2.3B of SHIB moved from whale wallet

The billionaire whale moved $2.3 billion worth of SHIB to four different wallets, and some investors are getting nervous.

Source: Shiba Inu falls after $2.3B of SHIB moved from whale wallet

Would appreciate your opinion about this

[Senin]

Apparently, storing such a large amount in one SHIB wallet, and even more so making some transactions in the future, when this amount of coins is estimated at several billion dollars, is already very dangerous. Therefore, dividing the content into several wallets is quite advisable. However, splitting the coins into four different wallets is indeed likely an indication that the whale is going to partially sell these coins.
Various similar actions will always cause similar fears among users and it will someday really cause the price of this almost useless coin to fall.

[TomPluz]

There is still no confirmed action of selling on the part of this important wallet owner but since there is that big possibility then the market is reacting negatively. Anyway, this is just a blip and soon Shiba can be ramping up more growth and expansion in a dramatic fashion. Dogecoin has been sidelined because of Shiba Inu and there is that possibility that other coins can be kicked down the line because of this pumping digital asset however we should always aware that anytime this can also go down dramatically...when the hype and the FOMO has died down already.