SHIB Slumped Amid Near-Term Sell Pressure Triggered by Whale Speculation

Posted on by American Coins & Gold

SHIB Slumped Amid Near-Term Sell Pressure Triggered by Whale Speculation
Shiba inu (SHIB), the popular meme token powered by a strong internet community, remained in deep red after its biggest daily sell-off since September.On the daily chart, SHIB’s price had fallen by more than 15% on Thursday, according to data from Coinbase and TradingView. The token ended Wednesday down 22% – the biggest drop since Sept. 10 when it declined a whopping 87.6%.The canine-themed token has logged losses for three consecutive days, after a SHIB whale (large holder of the token) made a move on their 40 trillion SHIB (worth roughly $2.8 billion at the time) holdings. The move triggered…