Shiba Inu Price Plummets after $18 Billion in Coins Sold by Whales

A significant drop in the Shiba Inu (SHIB) price has been triggered by a sell-off involving large cryptocurrency holders. The market experienced a decline of nearly 20% following the disposal of over 18 billion coins, starting January 19th, 2025. This action comes amid a period of overall bullishness in the crypto sector. Experts speculate on potential price recovery based on historical trends. The sell-off has impacted Shiba Inu’s market position, highlighting shifts in investor behavior. While the price drop is notable, it’s worth noting that major whale holdings have decreased by over 10% since January of this year. This activity suggests a strategic shift in investment strategies among large holders.