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International Business Times

Business

Marvie Basilan

Crypto Whale Sells Nearly $4M Worth Shiba Inu, But Token Retains Upward Trend

SHIB Crypto Shiba Shiba Inu Cryptocurrency WazirX

SHIB was last year's second most-traded crypto asset on WazirX. (Credit: YouTube Screenshot/ Shytoshi Kusama Official YouTube Chanel)

KEY POINTS

The crypto whale sold 421.6 billion SHIB within a period of 6 hours Saturday
The sale has reportedly resulted in over $6 million in losses to the crypto whale
SHIB's Saturday price was not largely affected by the huge sale

A crypto whale, described within the cryptocurrency circle as an individual or entity that holds a massive amount of crypto, adequate enough to have an impact on the crypto market, has reportedly sold nearly $4 million worth of Shiba Inu (SHIB) tokens.

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