🚀 Shiba Inu (SHIB) became one of the best performing altcoins with an increase of 13.2% in the last 7 days. However, interesting data emerges that the SHIB price is being pressured by large sales from an institutional participant.
🔍 According to Lookonchain data, Voyager, which is in bankruptcy process, sold a significant amount of SHIB tokens in the last 4 days. 1.4 trillion SHIBs worth approximately $14.4 million were sold.
👀 It has been reported that Voyager no longer has SHIB to sell. If the cryptocurrency continues its impressive performance over the past 7 days, further gains could be in store.
🔔 SHIB supporters also await developments in the ecosystem. A few days ago, lead developer Shytoshi Kusama stated that they were working on a new redemption feature for the LEASH token.
🐋 Also, recent developments have attracted a new whale. Someone bought $48 million worth of SHIB a few days ago. I wonder what they expect?