What could happen to Shiba Inu price after Ethereum whales dump $17.6 million in SHIB

  • These whales accumulated Shiba Inu for weeks, making the meme coin the largest non-Ethereum altcoin holding in their portfolios.
  • Analysts believe Shiba Inu price could plummet in response to the largewallet holdings reduction.

Shiba Inu balance of Ethereum whales plummets by $17.6 million

Ethereum whales have emerged as one of the largest holders of Shiba Inu. Large wallet addresses on the Ethereum network were considered bullish on SHIB when their meme coin holdings crossed the $1 billion mark. However, ETH whales have shed some of their Shiba Inu holdings over the past few days.

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