A Billionaire Just Made a Surprising Move With Shiba Inu, Causing It to Crash Today

Cryptocurrency Shiba Inu (CRYPTO: SHIB) has made headlines for its eye-popping gains in 2021. According to Coinbase, it's up over 70,000,000% since August 2020, making at least one happy investor a multibillionaire. And that mysterious billionaire is suddenly moving billions of Shiba Inu coins, sparking some panic among retail investors. As of 10 a.m. EDT, Shiba Inu has fallen 23% over the previous 24 hours.

Social media was set ablaze last week with the revelation that an unknown person invested $8,000 in Shiba Inu in August 2020, before its massive bull run. This wallet holds an unbelievable 70 trillion coins that hadn't been touched since the initial purchase. Thanks to that (there's probably a lesson on the benefits of buy-and-hold investing in there somewhere), those coins were worth around $6 billion when Shiba Inu was hitting its peak.

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Source Fool.com