Shiba Inu (SHIB) Transactions Drop to 1.4 Trillion ๐
๐ Impact of WazirX Hack
The Shiba Inu (SHIB) network saw a massive 50 trillion SHIB transaction linked to the WazirX hack. This caused concerns about a potential price crash.
However, market maker Wintermute intervened to stabilize the situation, preventing a severe downturn.
๐ฅ Market Reaction and Stability
Following the hack, SHIB transaction volume plummeted to 1.4 trillion. Despite fears, SHIB maintained support levels around $0.00001778, showcasing strong market resilience.
This stability indicates that SHIB can withstand substantial market pressures.
SHIB's ability to hold its support levels is a positive sign for investors, pointing to a robust market structure even after a major disruption.
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