Shiba

Shiba Inu

Billion

Coin

<ul class="news-points"> 
 <li>SHIB experienced a price slump in the early hours of Monday amid investor interest.</li> 
 <li>A SHIB whale transferred 100 billion SHIB tokens to Coinbase early Monday morning.</li> 
 <li>The memecoin recovered from the slump to gain 6.4% a few hours later.</li> 
</ul> 
SHIB, the native cryptocurrency of the Shiba Inu ecosystem, experienced a price slump in the early hours of Monday, May 13, amid investor interest. Onchain data showed that a whale transferred 100 billion SHIB to Coinbase, one of the leading centralized exchanges (CEX). 
The whale’s action attracted the interest of the memecoin’s community members, triggering speculations over the short-term impact of the transaction. Furthermore, the significant transfer added more energy to the already-existing bearish sentiment in the Shiba Inu community. 
While the identified SHIB <a href="https://www.oklink.com/eth/address/0x46247fBB0c26eB926dF74791d2B24037CeBCB5E8/token-transfer" target="_blank" rel="nofollow">transfer</a> to Coinbase does not necessarily indicate a sell transaction, the speculations around it stem from the current plunge in SHIB’s price. Users of the dog-themed memecoin appear to be pondering about the implications of this transfer. 
It is essential to note that in many cases, crypto …
The post <a href="https://coinedition.com/shib-recovers-from-early-shock-following-100-billion-whale-transaction/">SHIB Recovers From Early Shock Following 100 Billion Whale Transaction</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

SHIB Recovers From Early Shock Following 100 Billion Whale Transaction

Coin Edition

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