Back to the list

Whale Sells 5 Trillion Shiba Inu Causing Serious SHIB Price Fall, Is Tron CEO Behind This Dip?


thecryptobasic.com 12 May 2022 13:46, UTC
Reading time: ~2 m

TRON Founder “Justin Sun” Blamed For Recent Shiba Inu (SHIB) Dip? Conspiracy or True?

The founder of TRON, Justin Sun, is blamed for the recent Shiba Inu (SHIB) dip. Shiba Inu’s price tumbles more than 31% over the last day and hit the 24-hour low price of $0.000009145.

The widespread selloff in the global crypto market continues since the crypto market cap plunges -by 16.06% over the last day to $1.19 trillion.

All the world’s major cryptocurrencies, including Shiba Inu, suffered the worst selloff in history. As the selloff intensified, the Shiba Inu token lost more than -31.20% of its value within the last 24 hours. At the time of writing, the price of SHIB is trading at the price of $0.00001062, with a 24-hour trading volume of $1,850,119,220 ($1.85B).

This sharp plunge in SHIB price comes after the mysterious BNB whale sold a whopping 5 trillion SHIB, worth $52,900,000 ($52.90M) in two significant transactions within the last 24 hours, Etherscan.io data reports.

In her wallet, the mysterious whale still holds 3 trillion SHIB, worth $31,440,000 ($31.44M).

Following this massive selloff from the whale, the rumors began making rounds that this mysterious wallet belonged to Justin Sun, the founder of TRON.

Even Gossip SHIB, the former SHIB Growth Breed Member, took notice of this mysterious BNB wallet address and asked Justin Sun directly to clarify the real story while tagging him and sharing screenshots of the transactions in her tweet.

The tweet reads: “@justinsuntron is the evil behind #SHIB dip today? Conspiracy or true?”

@justinsuntron is the evil behind #SHIB dip today?

Conspiracy or true? pic.twitter.com/UiRp85v9q0

— ♛ Gossip SHIB ♛ (@GossipShib) May 12, 2022

However, she got no response from the TRON founder yet.

Back to the list