RateCaptain
  • FX Rates
  • Money Market
  • Cryptocurrency
  • Commodities
  • Corporates
  • Contact Us
No Result
View All Result
Subscribe
  • FX Rates
  • Money Market
  • Cryptocurrency
  • Commodities
  • Corporates
  • Contact Us
No Result
View All Result
RateCaptain
No Result
View All Result
Home Cryptocurrency

Shiba inu’s Price Falls by 11%

Rate Captain by Rate Captain
November 4, 2021
in Cryptocurrency, Currencies
Reading Time: 1 min read
A A
0

Dogecoin meme coin. Cryptocurrency physical coin close-up, held between two fingers

Share on FacebookShare on TwitterShare on WhatsappShare on Telegram

AlsoRead

Sam Bankman Manipulated Bitcoin’s 87% Drop in 2021- Ex Employee

Nigerian Naira Hits Record Low at 980/$: BDC Operators Condemns Situation

Cryptocurrency Usage Surges in Nigeria Amid Economic Challenges

A plethora of transactions from the whale wallet that recently converted $3,400 to $1.55 billion has led to the fall of Shiba Inu to 11%.

Whale made four transactions of 10,000,000,100,000 SHIB each to four different wallets. A single transaction was valued at $586 million, totaling about $2.3 billion.

A whale is a cryptocurrency term that refers to individuals or entities that hold large amounts of cryptocurrency. Whales hold enough cryptocurrency that they have the potential to manipulate currency valuations.

Traders have speculated that the holder of Shiba Inu will sell his token as whale transactions takes an erratic trend. Supply of the subject coin is centralized, thus any liquidation would lead to a detrimental price fall.

After the wallet was first identified, social media users speculated that the owner may have forgotten or lost their key, given the lack of activity in the wallet since last year.

Jacob Oralce explained that price of Shiba Inu will fall significantly if the rumored sale occurs “If he decided to sell these bags, SHIB would plummet -99.99% to zero,” he said

Data from CoinGecko shows that price movement has been on a downward trend, Price fell by 31.2% and 10.8% in 24 hours.

According to reports from CoinMarketCap Shiba Inu’s supply is very concentrated with 72% of the coin held in the top 10 wallets, whale wallet currently holds $1.8 million worth of SHIB

Previous Post

Bitcoin Remains The Biggest Cryptocurrency By Market Value

Next Post

Oil Prices Rise As OPEC+ Meeting Approaches

Related News

Sam Bankman Manipulated Bitcoin’s 87% Drop in 2021- Ex Employee

Sam Bankman Manipulated Bitcoin’s 87% Drop in 2021- Ex Employee

by Bolarinwa Mathew
September 21, 2023
0

In a surprising revelation, a former employee of Alameda Research has shed light on the events surrounding the sudden and...

Naira Depreciates to N945/$ in the Parallel Market

Nigerian Naira Hits Record Low at 980/$: BDC Operators Condemns Situation

by Stephen Akudike
September 21, 2023
0

The Nigerian naira has continued its alarming descent against the US dollar, plummeting to a new low of 980 naira...

Nigeria Tops Global Crypto Awareness with 90% Eager to Invest

Cryptocurrency Usage Surges in Nigeria Amid Economic Challenges

by Bolarinwa Mathew
September 20, 2023
0

Cryptocurrency adoption in Nigeria is on the rise, driven by a weakening national currency and skyrocketing inflation, according to a...

Quidax Advocates Stablecoins as Shield Against Soaring Nigerian Inflation

Quidax Advocates Stablecoins as Shield Against Soaring Nigerian Inflation

by Bolarinwa Mathew
September 19, 2023
0

Nigeria's inflation rate has soared to alarming levels, with annual inflation reaching 24.08% in July, marking its highest point in...

Next Post

Oil Prices Rise As OPEC+ Meeting Approaches

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

Bank of Japan Maintains Ultra-Loose Monetary Policy Amid High Uncertainty

Bank of Japan Maintains Ultra-Loose Monetary Policy Amid High Uncertainty

September 22, 2023
NGX Appoints an Advisory Panel on Digital Technology Products.

NGX Reports 98% Surge in Trade Volume as Investors Lose N35 Billion

September 22, 2023

Popular Story

  • Bank of Japan Maintains Ultra-Loose Monetary Policy Amid High Uncertainty

    Bank of Japan Maintains Ultra-Loose Monetary Policy Amid High Uncertainty

    0 shares
    Share 0 Tweet 0
  • Nigerian Naira Hits Record Low at 980/$: BDC Operators Condemns Situation

    0 shares
    Share 0 Tweet 0
  • NNPC Increase Pump price to N617 Per Litre Amidst Economic Hardship

    0 shares
    Share 0 Tweet 0
  • Access Bank Invites Applications for 2023 Entry Level Trainee Program in Technology

    0 shares
    Share 0 Tweet 0
  • Bank of England Pause Monetary Policy Meeting After Inflation Surprise

    0 shares
    Share 0 Tweet 0
RateCaptain

RateCaptain

We bring you the most accurate in new and market data. Check our landing page for details.

  • Home
  • About Us
  • Privacy Policy
  • Terms & Conditions
  • Disclaimer
  • Cookie Policy
  • Contact Us

Copyright © 2022 RateCaptain - All rights reserved by RateCaptain.

No Result
View All Result
  • FX Rates
  • Money Market
  • Cryptocurrency
  • Commodities
  • Corporates
  • Contact Us

Copyright © 2022 RateCaptain - All rights reserved by RateCaptain.

RateCaptain
Manage Cookie Consent
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
Manage options Manage services Manage {vendor_count} vendors Read more about these purposes
View preferences
{title} {title} {title}
?>