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Shiba Inu Whale Unloads 1 Trillion SHIB Amid Bearish Trends as Memeinator MMTR Gathers Momentum

Jordan Avery by Jordan Avery
March 16, 2024
in Press Releases
Reading Time: 3 mins read
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Shiba Inu, SHIB, whale activity, bearish trend, Memeinator, MMTR
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Shiba Inu experiences significant whale activity as 1 trillion SHIB tokens are sold, leading to a bearish turn in price. On the other hand, Memeinator MMTR, a new Memecoin is seeing exceptional growth, can It surpass Shiba Inu?

Shiba Inu Whale Dumps 1 Tln SHIB As Price Takes Bearish Turn

In the middle of a big crypto market drop seen today, March 15, Shiba Inu, a memecoin on Ethereum, caused a lot of talk in the wider crypto world with big whale activity lately. A huge 1 trillion SHIB moving around caught everyone’s attention as Shiba Inu looked gloomy in the crypto world today, with its price falling below the $0.00003 level now.

After SHIB went up nearly 200% in the last month, this drop surprised crypto fans. Even though the community keeps burning SHIB, a drop of about 10% in the last day made people speculate a lot about Shiba Inu all over the world.

1 Tln Shiba Inu (SHIB) Move

According to info from the blockchain tracker Whale Alert, a huge 1 trillion SHIB was seen moving from an unknown wallet to GateIO, a well-known crypto exchange. This big sell-off brought down the mood among crypto traders, going along with a big drop in SHIB’s value today, with a big whale showing even less interest in SHIB. Meanwhile, with this sell-off adding more SHIB to exchanges, the chance of burning tokens having an effect goes down, making the bad mood around SHIB even worse. Even though the community has been trying to make Shiba Inu’s tokenomics better recently, a big drop seen in the last 24 hours has brought in a bad mood all over the big crypto world.

Memeinator (MMTR): People think it will rule memecoins

Some memecoins did really well. But now, a new one aims to do even better. It’s called Memeinator. It wants to get rid of useless memecoins and make memes better. The big thing about Memeinator is that it’s useful. It has its own token called MMTR. Instead of just following trends, Memeinator offers real value.

If you have MMTR tokens, you can play a game called ‘Meme Warfare’ and get special NFTs. There’s also staking and voting. Memeinator uses AI to find bad projects and get rid of them. It wants to be a big part of the crypto world.

Memeinator sale is almost over

Shiba Inu (SHIB), Memeinator (MMTR), Memecoin-whale

Memeinator’s sale started slowly, but now lots of people are interested. They’re offering special deals to early buyers. They’re also burning a lot of tokens and improving the product.

With things like NFTs and gaming coming back, Bitcoin halving, and good world news, Memeinator’s price of $0.0276 could be a good deal. Meanwhile on the next and final round, the price will go up to $0.0292.

Tags: Aibearish trendCrypto MarketcryptocurrencyEthereummeme coinMemeinatorMMTRNFTssell-offShibShiba InuTokenomicsWhale Activity
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