SHIBA INU (SHIB) dip continues after a massive whale token movement

After an awesome bull run, Shiba Inu (SHIB) has taken a deed from a caller whale movement.

The terms of SHIB has dropped by implicit 28% successful the past week.

However, the Shiba Inu assemblage inactive has precocious hopes that the SHIB coin shall marque a comeback and investors person started preparing the dip, particularly amid the talks of Kraken listing and perchance adjacent a Robinhood listing.

What is causing the existent SHIB dip?

SHIB appears to person fallen susceptible for the whale games by implicit 950% surge since the archetypal quarter.

Jacob Oracle, a fashionable crypto analyst, shared information highlighting the question of the wallet which turned his $8k Shib concern into astir $5.7 billion.

Remember the feline who turned his $8K $SHIB Investment into $5.7 Billion?

Well, helium precocious moved 40+ trillion of his #SHIB holdings to caller 4 caller wallets.

If helium decided to merchantability these bags, SHIB would plummet -99.99% to zero. Oof. pic.twitter.com/HqrWw57nr2

— Jacob Oracle (@JacobOracle) November 3, 2021

40+ trillion of his concern has been redeemed from the aforesaid wallet to his different four.

Analysts expects the meme coin to dump its nett by 99.99% if helium steps up to merchantability his holdings.

Netizens accidental that this is simply a motion of liquidation, additionally, successful the past 24 hours ByBT information shows a $1.39 liquidation

Analyzing Shiba Inu prices.

Shiba Inu precocious claimed its caller ATH of $0.00008845 arsenic its popularity jumped beyond that of Dogecoin (DOGE).

With the caller rejection of the terms astatine the $0.00006458 enactment zone, the SHIB terms has dropped to $0.00004479 with a antagonistic summation of -33.45%.

Shiba Inu volition acquisition a drastic dump if it fails to prolong the adjacent contiguous plus which lies betwixt $0.00004198 and $0.00003626.

Kraken listing successful their speech volition enactment arsenic a large catalyst for the adjacent terms enactment which is expected to assertion higher station listing.

However, the meme coin is inactive precocious with implicit 60 cardinal percent successful a year-to-date show with the latest drawbacks being merited breather earlier the resumption of the adjacent bull cycle.