NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Trump Prepares To Allow Crypto Investments In $9 Trillion Retirement Market
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Trump Prepares To Allow Crypto Investments In $9 Trillion Retirement Market

Shiba Inu (SHIB) Price Continues To Decline – What’s Causing The Drop?

Sarah
Sarah
1 year ago
2 mins read
SHIB Price Continues To Decline, But Why?

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

The past few days have seen a decline in the price of crypto assets such as Shiba Inu (SHIB), with inflation and other macroeconomic factors in play, as other cryptocurrencies registered gains.

Related Reading

Bitcoin Stablecoins

Stablecoins Flow Into Spot Exchanges, Fuel For Christmas Bitcoin Rally?

1 year ago

Macroeconomic factors have historically impacted crypto prices. Recently, the FUD (fear, uncertainty and doubt) levels in the market were high, taking a toll on crypto and investor sentiment. Meanwhile, the Binance vs. Reuters tussle sparked a considerable amount of withdrawals from the exchange.

However, anxiety is reducing, and normalcy has returned to the market. Bitcoin and other altcoins have recorded gains in the past 24 hours as the market looks to recover. But Shiba Inu has dipped in the last 24 hours, losing above 7% of its value to trade at $0.0000088.

SHIB Price Continues To Decline, But Why?
The price of the coin declines on the daily candle l SHIBUSDT on Tradingview.com

Whale Transfers Over 210 Billion SHIB

Lookonchain, an on-chain analysis platform, reported that a whale transferred 207.2 billion SHIB tokens valued at $1.9 million to Binance.

The transfer took place at 01:54 PM UTC. This whale also dumped close to 4 billion tokens in a 7-day timeframe pushing the sell-off figures to more than 210 billion.

This transfer affected the price, making it lose 3% a few hours after the transfer. The ripple effect of this activity also caused the asset to fall below its support level by another 3%. The coin price decreased by 6% before the U.S. Federal Reserve revealed its rate hike decision.

Whale In Control Of SHIB Price Momentum

The controversial whale had moved 3.49 trillion SHIB for 2.37 ETH, valued at $2,233 via Uniswap in 2020. It spent 1.83 ETH on 2.27 trillion SHIB tokens and 1.22 trillion using the addresses 0x5952 and 0x92f2.

The whale made its last purchase on February 9, 2021, and has only sold Shiba Inu since then for profit. After the token rallied in 2021, the whale took short positions for its holdings.

Lookonchain places the total token sold by this whale since April 13, 2021, at 2.94 trillion SHIB. The whale will make close to $18.3 million if it sells at the current market price.

Related Reading

Litecoin

End Of Litecoin Rally? LTC Plunges 7% In Last 24 Hours

2 years ago

With much holdings and financial might, this whale can influence the price of SHIB at will whenever it decides to resume selling.

The wallet address reveals that this particular whale has 546 billion in store, valued at $4.84 million. The sell-off has increased the circulating supply and has consequently reduced its value. Investors will watch this whale closely as the general crypto market gears up for a revival.

Tweet123Share196ShareSend
Sarah
Sarah

Sarah

Sarah is a journalist who continues to share her passion for writing through her writing in DeFi, FinTech, and Cybersecurity.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

Bitcoin’s $115K Struggle: Is a Deeper Drop on the Horizon?

Bitcoin’s $115K Struggle: Is a Deeper Drop on the Horizon?

Bitcoin (BTC) is facing renewed downward pressure as it struggles to maintain levels above $115,000. At the time of writing,...

Samuel Edyme 4 days ago
Bitcoin

Bitcoin Plunge Below $115,000 Wipes Out $700M In Crypto Longs

Data shows the cryptocurrency derivatives market has seen more than $700 million in long liquidations as Bitcoin and altcoins have...

Keshav Verma 4 days ago
bitcoin

Bitcoin Derivatives Data Signals Fear As Binance Net Taker Volume Turns Bearish

Earlier today, Bitcoin (BTC) briefly fell below $115,000 – hitting a low of $114,116 – triggering panic selling across major...

Ash Tiwari 4 days ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Bitcoin

Bitcoin From 2009 Awakens—Is The $30-M Move A Warning Sign?

Christian Encila 3 days ago
XRP

No Gold? No Problem: Why XRP Stands Strong On Its Own—Analyst

Christian Encila 3 days ago
XRP

$1K XRP Millionaire Promise: Fact Or Fantasy?

Christian Encila 4 days ago

Premium Sponsors

Press Releases

  • EU Gov Awards €1.5M to a US-led Decentralized AI Project...

    2 days ago
  • Use Quid Miner cloud mining mobile app: easily earn passive...

    4 days ago
  • Najlepšia Kryptomena na Investíciu v Auguste 2025 – HYPER, MAXI, T6900, SNORT, SUBBD, BEST, ETH

    Najlepšia Kryptomena na Investíciu v Auguste 2025 –...

    5 days ago
  • A must-read for miners in 2025! ETHRANSACTION is disrupting...

    5 days ago
  • XRP vs. ETH vs. BTC: Ktorá kryptomena vedie tento týždeň na trhu?

    XRP vs. ETH vs. BTC: Ktorá kryptomena vedie tento...

    5 days ago

Newsletter

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.