Shiba Inu Whale Moves $53M in SHIB Amid Reversal: Here's Why
Through growing geopolitical tensions, there is no shortage of reasons to be concerned in the financial sector. Yet, that concern may already be spreading to the cryptocurrency market, as tokens have failed to gain notable ground. However, one interesting development has seen a Shiba Inu whale move $53 million in SHIB amid a price reversal; but why? The token has just announced a monumental partnership with the United Arab Emirates (UAE) ministry of energy. Not only that, but the asset has finally reversed an ongoing downtrend that saw the asset fall to $0.000015. The questions are, can it truly institute a reversal, and is there a reason why one large holder moved 3 trillion SHIB tokens? Source: CNBC Also Read: Shiba Inu: What Is SHIB’s Price If Its Market Cap Equaled XRP’s? Shiba Inu Whale Offloads $53M in SHIB as Price Reverses 22% Decline To this point, February has already proved to be an interesting month for Shiba Inu. The toke unveiled a massive partnership with the UAE governm...