Crypto Whale Takes $6 Million Loss Exiting SHIB Position, Token Price Largely Unaffected
• Crypto whale sold 421.6 billion SHIB tokens for $3.98 million, after acquiring them for $10.3 million 2.5 years ago
• Whale took 61.4% loss on initial SHIB investment, estimated at $6.32 million
• Sale had mild impact on SHIB price, only moving it 0.1% over past day
• SHIB facing resistance at $0.0000098 mark, struggling to reach $0.00001
• Occurs amid growth in Shiba Inu ecosystem like recent Sheboshi NFT collection sellouts