The recent drop in Shiba Inu's price can be attributed to several factors:
1. Market Corrections: Like many other cryptocurrencies, Shiba Inu has been experiencing market corrections. This is common in the volatile crypto market.
2. Shift in Investor Focus: A significant event was Donald Trump's Bitcoin Conference, which drew large investors' attention towards Bitcoin and Ethereum, causing a shift away from memecoins like Shiba Inu.
3. Dormant Holders Selling: There has been a spike in dormant holders moving their tokens, indicating that long-term holders are selling off their Shiba Inu tokens.
4. General Market Sentiment: The overall sentiment in the crypto market has been bearish, affecting many cryptocurrencies, including Shiba Inu.
Are you currently holding Shiba Inu, or are you considering investing in it?