Shiba Inu Price Plunges: Whale Activity & Technical Weakness Threaten Retest of $0.00001

Shiba Inu’s price experienced a sharp 8% drop today as large-scale sales by whales have fueled market uncertainty. Recent data from Lookonchain revealed one such whale, associated with the wallet address 0x6E45, offloading a staggering 100.45 billion SHIB tokens worth $1.2 million to Binance. This sale follows years of inactivity, signifying the whale’s decision to capitalize on recent market volatility.