📉 The popular meme token Shiba Inu (SHIB) is experiencing a significant drop in investor confidence. This follows a massive liquidation of 533.6 billion SHIB tokens by a single organization across 11 wallets.

💰 A sale worth $15.99 million in stablecoin DAI occurred about 24 hours ago, resulting in a gain of $8.24 million or 106% in less than a month for the seller. The SHIB community speculates about the seller's next move as the 11 wallets still hold the acquired DAI.

🌑 The large transaction has cast a shadow over SHIB's recent rally, despite a slight increase in price to $0.00003033 in the last 24 hours. Market sentiment appears to be cooling, with SHIB's trading volume decreasing by 32.27% to $550.84 million.

💼 Data from CoinGlass shows a 1.51% decrease in open positions in Shiba Inu in the last 24 hours, signaling a possible decrease in trading excitement and investor strategy shift. The market continues to monitor the impact of the significant sale wave on SHIB and the broader cryptocurrency market.