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Chaotic June

Shiba Inu (SHIB) experienced a "chaotic June" in June mainly due to the following reasons:

Net Exchange Position Change: As of June 1, the SHIB exchange net position change reached 2.6 trillion, meaning a large amount of tokens were sent to the exchanges. This continued entry usually leads to increased selling pressure, which leads to price declines.

Declining network growth: According to data from Santiment, Shiba Inu's network growth has fallen from the highs reached on May 29.

This indicator is often seen as a sign of network adoption or traction, so its decline may further confirm the claim that SHIB price may plummet.

Declining Demand: Demand for Shiba Inu tokens continues to decline, which may be due to a decline in investor confidence in the market or a decline in actual usage of the token.

A decrease in demand usually causes a decrease in token prices.

Price Fluctuations: Due to the instability of the cryptocurrency market, the price of Shib coins may be affected by a variety of factors, including market demand, investor sentiment, and the general economic environment.

Changes in these factors can cause the price of Shib coins to fluctuate significantly in a short period of time.

Based on the above factors, Shiba Inu (SHIB) experienced a “chaotic June” in June.

However, although the current situation seems unfavorable, investors still need to pay attention to market changes and carefully evaluate the risks.

If demand for SHIB can increase significantly, its price may still rise.

But before that, investors should be cautious and avoid blindly following the trend or trading impulsively.

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