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A whale's massive 1 trillion Shiba Inu dump into Binance fueled bearish sentiment among crypto market participants as broader charts showed the price falling.
Shiba Inu, the famous meme coin, has set off a wave of speculative frenzy across the cryptocurrency landscape today, June 24. Amidst the token's price drop the other day, a whale sold one trillion SHIB to Binance, a leader in Loaded globally
The crypto exchange's transaction has reflected bearish sentiment in the broader crypto market, with investors speculating that SHIB's bull run is coming to an end. According to on-chain data, Mimecoin holders have also experienced a significant decline in recent days, which Further reinforcing the bearish sentiment, 1.08 trillion SHIB, worth $18.36 million, were transferred to Binance today, address unknown, 0x42a08447 was mentioned in the SHIB whale transaction, according to information provided by Whale Alert on X. 0 reply
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