$SHIB – 2 Trillion Tokens Gone! What Really Happened? Man,
Georgie Vostal L37r
Updated at: 7 hours ago
{"content":"$SHIB – 2 Trillion Tokens Gone! What Really Happened?
Man, the crypto world just got hit hard. Over 2 trillion Shiba Inu ($SHIB) tokens were either sold, burned, or lost—and it’s caused serious damage to SHIB’s price and investor confidence.
So how did it all start?
It began when WhaleWatch, a blockchain analytics group, spotted a massive move—2 trillion SHIB tokens were transferred from a whale wallet to multiple exchange addresses. That one move triggered panic. People started thinking a major sell-off was coming, and retail investors followed the fear, dumping their SHIB.
Within just 6 hours, about 1.5 trillion SHIB were sold on public exchanges. As expected, SHIB’s price dropped fast—over 12%. Billions in market cap just vanished.
Was it a hack or a planned dump?
At first, people thought maybe there was a hack or a smart contract exploit. But the SHIB dev team quickly stepped in and cleared the air—no hacks, no breaches. Smart contracts are safe. So what was it?
Looks like it was either a coordinated exit by some early whales or just one huge holder who saw the market getting shaky and decided to pull out.
How did the SHIB team respond?
To help calm the chaos, the Shiba Inu devs burned 100 billion tokens from the project’s treasury—basically reducing supply to help support the price. Lead dev Shytoshi Kusama also posted on X (Twitter), asking the community to stay calm and strong.
#$SHIB
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