Posted 3/12/2024, 1:41:19 PM
Meme Coin Prices Plunge as Whales Transfer Millions to Exchanges, Stoking Fears of Sell-Offs
- Meme coin prices plunge, with Shiba Inu, Dogecoin, and PEPE seeing significant declines
- Two whales moved over $10 million worth of Shiba Inu and PEPE to exchanges, sitting on $135 million in potential gains
- A wallet deposited 150 million Dogecoins to Robinhood, stoking fears of a sell-off among holders
- Justin Sun allegedly moved $1.9 million of FLOKI tokens to an exchange
- The transfers to exchanges, along with price drops, signal potential mass sell-offs by large wallet investors
