Shiba inu is down 21% after the world’s second-largest whale wallet moved $2.3 billion in tokens.

On Thursday, Shiba inu fell as much as 21% when a crypto giant shifted $2.3 billion in tokens from their wallet.

The tokens were shifted earlier this week by the wallet holder, who is also the second-largest shiba inu owner.

“SHIB would plunge -99.99 percent to zero if he decided to sell these bags. Oh, no “one analyst wrote on Twitter.

In a rocky week that also saw a major crypto exchange hold off on releasing the token, Shiba inu fell on Thursday as investors booked gains after a crypto whale transferred $2.3 billion worth of coins out of their wallet.

Shiba inu, which temporarily surpassed dogecoin as the ninth-largest cryptocurrency last week, has dropped as much as 21% to $0.00004428, a 24-hour low.

Evidence that the second-largest holder of shiba inu had transferred as much as 40 trillion tokens from their wallet sparked the most recent leg-down, which is frequently considered as a prelude to a massive sell.

The wallet had been idle for some time, and many assumed the user had misplaced the key to open it, but that was not the case.

“SHIB would plunge -99.99 percent to zero if he decided to sell these bags. Oh, no “On…