$SHIB $PEPE Shiba Inu (SHIB) Price Collapse: Here’s How Many HODLers Are Underwater

TL;DR

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Shiba Inu’s price (SHIB) has dropped significantly, with many investors sitting at paper losses.

Shibarium, SHIB’s layer-2 solution, is showing positive signs of growth, hinting at a potential rebound for the meme coin.

SHIB Goes Down

The cryptocurrency market has dipped substantially in the past 24 hours, with numerous leading digital assets deep in the red. The popular meme coin Shiba Inu is no exception, losing around 3% of its valuation. Currently, it is worth around $0.00001531 (per CoinGecko’s data), whereas its market capitalization is hovering around the $9 billion mark.

SHIB Price, Source: CoinGecko

Somewhat expectedly, the correction has negatively affected SHIB investors. According to IntoTheBlock, the percentage of the holders underwater (48.1%) has slightly surpassed those sitting on some paper profits (47.7%). 

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