It's necessary to keep in mind that the SHIB was moved — not sold. Yet what is one whale doing relocating this SHIB come four different wallets?


*

*

Last week, there was a frenzy top top Crypto Twitter ~ it arised that a savvy investor had actually bought SHIB worth $8,000 critical year — resulting in a bulging balance the $5 billion.

You are watching: What does "pps" stand for?

The account had largely place dormant because that a while, fueling speculation the the businessman may have actually lost access to their wallet.

But now, SHIB worth much more than $2 billion has actually now been relocated to four other wallets — a warning authorize that sell-offs might be top top the horizon.

Setting out what the aftermath of this would certainly be, the jae won analyst
JacobOracle wrote on Twitter:

“If he decided to sell these bags, SHIB would plummet -99.99% to zero.”

Sentiment Shifts

As emotion shifts about the joke coin, SHIB has fallen through 14.6% end the previous 24 hours, and 13.1% end the past week.

Data from moment-g.com argues that the optimal 10 holders of SHIBA INU collectively own 71.6% that the turn around supply.

For now, SHIB remains unavailable ~ above a number of significant trading platforms.

Robinhood is yet to support the meme coin, in spite of hundreds the thousands of world signing a petition urging it to execute so.

And in a direct message come the “SHIB Army,” Kraken composed on Twitter:

“We’ve heard you loud & clear! ar is an essential part of our considerations for all listings, and also you have clearly shown her support. There’s more work for us to carry out as we relocate through our listing evaluation process.”


*

*
*

Connor Sephton

I cover the crazy people of crypto.


Related Articles


Market Musings
Crypto Mining Booms on Argentina’s Subsidized Power
As usage of Bitcoin and other cryptos soars thanks to sky-high inflation, mining firms and also even home-based miners room diving in.

See more: " To The Victors Go The Spoils ' Just A Saying Or Is There Truth To


By Leo Jakobson
5mo ago

2m
Market Musings
moment-g.com Daily, august 10: greatest DeFi Hack Ever
Today, Poly Network experience a huge hack, if the SEC's 'Crypto Mom' criticizes the Poloniex decision.
By Leo Jakobson
2mo ago
2m
Market Musings
In Shocker, Brian Brooks Resigns as Binance.US CEO
Citing ‘strategic differences,’ the previous Treasury department official’s notice comes together the global Binance exchange is under scrutiny from regulators throughout Europe and also Asia.
By Leo Jakobson
2mo ago
2m
See every articles
Join the thousands currently learning crypto!