James Wynn Slams Shiba Inu as Whales Send 1.04T SHIB to Exchanges
2026-06-25 18:24:21
Prominent leverage trader James Wynn, known as the “Hyperliquid whale,” said Shiba Inu (SHIB) is “old, dead and boring,” calling it a developer cash grab tied to the ecosystem’s BONE token and predicting SHIB will not stage a real comeback. According to BeInCrypto, the comments came as large SHIB holders sent 1.04 trillion tokens to exchanges, about 6.5 times the prior day’s deposits, while SHIB fell more than 8% in 24 hours to $0.0000041. CryptoQuant data showed exchange reserves jumping to 80.5 trillion tokens in one session.
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