Why did Crypto Whale Dump 421.6 billion SHIB Tokens?

Adekunle Joshua

A mysterious whale has dumped 421.6 billion $SHIB tokens

After holding onto the tokens for 2.5 years, the investor experienced a loss exceeding 60% of their initial investment

Despite the massive sell-off, the price of $SHIB only saw a minor decline immediately afterward

Currently, $SHIB is trading above an upward trendline but is facing resistance at the $0.00001 mark

Breaking through this barrier could signal a potential uptick in $SHIB's price.