SHIB: Top Holder Sells $20.73M as Price Falls 14.5%

SHIB top holder offloaded 3.8 trillion tokens worth $20.73 million over the past month after acquiring 103 trillion units for just 37.8 ETH ($13.7K) in 2020.

The sale coincides with a 14.5% drop in SHIB price, leaving the address with 96.27 trillion tokens valued at $457 million, or 16.3% of total supply.

Price action on the 4h chart shows a bearish trend structure with price testing upper Bollinger resistance at $0.0 while RSI sits neutral at 51.66; a healthy retracement toward EMA50 support at $0.0 appears probable before any continuation attempt, especially with MACD registering a bullish golden cross at -0.0.