A mysterious wallet has sent its crypto to Coinbase in a record transaction of 1.06 trillion Shiba Inu (SHIB). In total, it concerns a transaction of 12.15 million dollars, but it is not a good sign that it has been sent to Coinbase.
Shiba Inu dump?
The big question is whether this mysterious wallet holder is simply done with Shiba Inu or is expecting a big dump. After all, you don’t just send Shiba Inu to Coinbase for $ 12.15 million. You only do that with the idea of selling it. In that sense, it is not good news for the Shiba Inu community that 1.06 trillion SHIB has been sent to one of the largest exchanges in the world.
The wallet holder in question did not do his best to hide things, because the gigantic transaction was sent in one fell swoop. Usually you see that these kinds of figures still split transactions into smaller parts, but this one of 12.15 million dollars was sent in one go. The huge trade came shortly after a failed breakout at the $0.00001157 resistance.
Battle with Dogecoin
At the time of writing, Shia Inu stands at $0.00001138 and thus for the past 24 hours at a plus of 1.31 percent. For the past week, the project is 3.96 percent in the green. However, it has not caught up with Dogecoin, because the largest memecoin on the market has already taken a price gain of 6.08 percent in the past 24 hours. For the last seven days, Dogecoin writes a plus of 8.16 percent.
These developments bring Dogecoin’s market cap to $8.539 billion, while Shiba Inu has to make do with $6.249 billion. To catch up with Dogecoin, Shiba Inu must therefore gain at least 30 percent in price compared to Dogecoin. In that regard, it still has a long way to go.
