What Happens if ETH Whales Dump $17.6 Million in Shiba Inu?

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After losing $17.6 million in SHIB tokens, the top 100 Ethereum whales now own $982,324,880, indicating that sentiment has switched from bullish to bearish. 

These whales have been accumulating Shiba Inu for weeks, making it their largest non-Ethereum altcoin holding.

Analysts believe Shiba Inu prices will fall as a result of the reduction in largewallet holdings.