Over Trillion SHIB Moved to Coinbase, Here's What's Happening

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Over Trillion SHIB Moved to Coinbase, Here's What's Happening
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More than a trillion $SHIB moved to Coinbase. ShibaInu

Over the past week, the SHIB price has dropped by more than 23%. At the moment, the coin is changing hands at $0.000009181. This is 89.44% below the all-time high of 2021, when the coin hit $0.00008845 in late October.

Massive price drops across the cryptocurrency market and movements of coins have been caused recently by the collapse of the FTX crypto trading giant, as its founder Sam Bankman-Fried declared the exchange and its affiliated company Alameda Research's insolvency, submitting the necessary papers to regulators.While bigger whales are dumping their SHIB on the market, others are adding meme coins to their wallets.

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