Shiba Inu Is Plunging. A Prominent Crypto Whale Is Making Waves.

Shiba Inu plunged Thursday after signs that one of the largest holders of the cryptocurrency had begun to move their holdings around, in what may be a precursor to a major sale of the digital asset.

Shiba Inu, a crypto that many view as a parody of the more popular and similarly canine-themed Dogecoin, tumbled 15% Thursday, according to price data from CoinDesk.

The slide saw Shiba Inu fall down the chart of crypto market capitalization, losing its place above rival Dogecoin as well as USD Coin and settling as the 11th largest cryptocurrency, according to data from CoinMarketCap.

Shiba Inu’s market cap remains in the realm of $29 billion. For reference, the market cap of the leading digital asset, Bitcoin, is near $1.2 trillion.

Source: https://www.barrons.com/articles/shiba-inu-coin-price-plunge-crypto-whale-51636030374