A dormant Shiba Inu whale recently made headlines by selling 100 billion SHIB tokens, an equivalent of $2.85 million. Despite the substantial liquidation, the memecoin demonstrated unexpected resilience. Interestingly, following the sale, Shiba Inu's price surged by 16.34%.
This phenomenon highlights a curious market reaction where substantial sell-offs usually lead to price drops. Instead, Shiba Inu's value increased, reflecting the token's distinct market dynamics and possibly investor confidence in its long-term viability.
The activity of dormant whales can sometimes cause market volatility, but the increase in SHIB's price post-sale may suggest strategic investor sentiment or external market factors influencing its value change.
