VOLATILITY OF $SHIB
2021 Peak: In 2021, the price of Shiba Inu saw a massive appreciation in a short period of time, rising by over 1,000% in a matter of weeks, especially in a context of intense speculation and increased adoption by traders. However, after the peak, the price suffered a sharp decline, which is typical of meme coins, where quick gains are followed by large corrections.
Reactions to Tweets: A classic example of how volatility can be affected by external factors occurred when Elon Musk made tweets related to Dogecoin, and by extension, meme coins like Shiba Inu. These occasional movements can result in price fluctuations that are largely beyond the control of the coin developers.