The recent hack on the WazirX crypto exchange has led to $230 million being stolen, including around $100 million of Shiba Inu (SHIB). This incident caused a significant drop in SHIB's price, with analysts predicting further declines.
Key Insights:
The WazirX crypto exchange was hacked, resulting in a loss of $230 million, including about $100 million worth of Shiba Inu.
The hack triggered a panic sell-off, causing the price of Shiba Inu to drop nearly 10%.
Wintermute intervened to stabilize the market by buying and selling SHIB on various exchanges.
Analysts forecast further declines for Shiba Inu, with support at $0.00001468. If it falls below this level, a deeper drop to $0.00000886 is expected.
