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Shiba Inu whale moves 600B tokens, triggering a 14.5% price drop amid heavy sell-off.

Market News
23 Jun 2026
UToday
View Source
Bearish
Shiba Inu whale moves 600B tokens, triggering a 14.5% price drop amid heavy sell-off.

A major Shiba Inu (SHIB) whale, known as the 'top SHIB donor,' transferred 600 billion tokens worth $2.83 million, adding to a 3.8 trillion token sell-off over the past month. This large-scale selling has caused SHIB's price to drop 14.5%, breaking below key support levels and signaling weak buying momentum. The whale still holds 96.27 trillion SHIB tokens, worth around $457 million, which continues to pressure the market. Investors are concerned about further dumps that could push SHIB prices even lower.

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