270 Billion Shiba Inu (SHIB) Sold by Bankrupt Crypto Broker, Here's How Price Reacted

Billions of Shiba Inu (SHIB) shifted to Coinbase in recent hours Shibainu SHIB $SHIB SHIBCommunity ShibArmy

Others are 17,000 ETH worth nearly $19 million and 12 million VGX worth over $5 million, which were moved to Coinbase.

Investors often move their assets to exchanges when they are looking to sell them. This seems to be the case for Voyager, as on-chain analytics firm Lookonchain infers that the bankrupt crypto lender might have been selling some of its assets through Coinbase since last month. It seems that the bankrupt crypto lender timed its sale of Shiba Inu tokens, this time occurring at a local top. A short-term barrier might be gradually building in the range of $0.00001169 to $0.00001189 following SHIB's rejection a second time in the past week around this range.After four straight days of gains following its rebound from lows of $0.0000104 on March 10, Shiba Inu faced a barrier at the March 14 high of $0.0000118, leading to a slight retreat.

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