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Shiba Inu Price Crash: Whales Drive SHIB Dump, Will Selling Continue?

  • Shiba Inu has experienced a sharp price crash due to massive selling by whale holders. The Large Holder Netflow data shows a significant decrease in whale holdings, indicating heavy selling pressure.
  • Addresses holding SHIB tokens worth between $1 million and $10 million have seen their balance decline by 31.31% in the past 24 hours.
  • The market sentiment has turned bearish, with the Shiba Inu Fear & Greed Index dropping into "Fear" territory. Historically, the price tends to falter when whales sell off their holdings.
  • At the time of writing, Shiba Inu is trading around its lowest levels in over a year, and technical indicators suggest weakening momentum in the market.

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