How to make Shiba Inu learn to fly? SHIB takes you higher!
Recall that yesterday, India's largest cryptocurrency exchange was hacked and $230 million worth of digital assets, including SHIB, were stolen. SHIB suffered double-digit losses.
As mentioned earlier, Shiba Inu was the largest asset stolen from WazirX. Specifically, the attacker stole 5,433,750,000,000 (5.43 trillion) SHIB, worth $102.1 million. Shortly after the theft, the attacker sold all 5.43 trillion SHIB for 26,535 ETH tokens, worth about $92 million.
This move had a negative impact on the price of SHIB, and yesterday's daily chart showed that it plunged nearly 10%. At the current exchange rate of $0.00001751, SHIB has fallen 7.3% in the past 24 hours.
Investors are frustrated, and the marketing director of the Shiba Inu ecosystem is urging them to remain calm despite SHIB's recent price volatility. Lucie said Shiba Inu has unique characteristics that are different from other cryptocurrencies.
Meanwhile, SHIB fell to around $0.00001686 on the 24-hour chart and is currently trading above $0.000017. Although critics have suggested that SHIB may have a hard time recovering from the heist at WazirX, the dog-themed token has seen a small rise.
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Lucie responded by claiming that as more people underestimate SHIB's strength, its price will continue to rise
