Shiba Inu (SHIB) price today fell to $0.00000805, the lowest price recorded since June. The FUD in the crypto market and Shiba Inu whales continuously selling their SHIB holdings are the factors behind the recent drop in SHIB price.
The 24-hour low and high for Shiba Inu are $0.00000805 and $0.0000089, respectively. Therefore, the SHIB price has tumbled nearly 10% in the last 24 hours and 13% in a week. The price is currently trading at $0.000008202.
Shiba Inu Price to Fall Amid Whale Dumping
Shiba Inu’s burn tracker Shibburn in a tweet on December 17 revealed a total of 47,440,894 SHIB tokens burned in 11 transactions in the last 24 hours. According to the official burn website, Shiba Inu’s burn rate has increased by 235.41% in the last 24 hours.
Interestingly, among the transactions that burned the most SHIB tokens, Etherscan data of a wallet address revealed that the wallet was dormant for over a year. The wallet became active and transferred all 23,616,644 SHIB tokens to the bu
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