Previous article SHIBA INU (SHIB) dip continues after a massive whale token movement Next article Home Latest Cryptocurrency News SHIBA INU (SHIB) dip continues after a massive whale token movement SHIBA INU (SHIB) dip continues after a massive whale token movement By - min read 05 November 2021 After an impressive bull run, Shiba Inu (SHIB) has taken a hit from a recent whale movement. The price of SHIB has dropped by over 28% in the past week. However, the Shiba Inu community still has high hopes that the SHIB coin shall make a comeback and investors have started preparing the dip, especially amid the talks of Kraken listing and possibly even a Robinhood listing. What is causing the current SHIB dip? SHIB appears to have fallen vulnerable for the whale games by over 950% surge since the first quarter. Jacob Oracle, a popular crypto analyst, shared data highlighting the movement of the wallet which turned his $8k Shib investment into almost $5.7 billion. Remember the guy who turned his $8K $SHIB Investment into $5.7 Billion? Well, he recently moved 40+ trillion of his #SHIB holdings to new four new wallets. If he decided to sell these bags, SHIB would plummet -99.99% to zero. Oof. pic.twitter.com/HqrWw57nr2 — Jacob Oracle (@JacobOracle) November 3, 2021 40+ trillion of his investment has been redeemed from the same wallet to his other four. Analysts expects the meme coin to dump its profit by 99.99% if he steps ahead to sell his holdings. Netizens say that this is a sign of liquidation, additionally, in the last 24 hours ByBT data shows a $1.39 liquidation Analyzing Shiba Inu prices. Shiba Inu recently claimed its new ATH of $0.00008845 as its popularity jumped beyond that of Dogecoin (DOGE). With the recent rejection of the price at the $0.00006458 support zone, the SHIB price has dropped to $0.00004479 with a negative gain of -33.45%. Shiba Inu will experience a drastic dump if it fails to sustain the next immediate asset which lies between $0.00004198 and $0.00003626. Kraken listing in their exchange will act as a major catalyst for the next price action which is expected to claim higher post listing. However, the meme coin is still high with over 60 million percent in a year-to-date performance with the latest drawbacks being merited breather before the resumption of the next bull cycle. Share this article Categories Markets Tags Dogecoin