📉🐋 Shiba Inu (SHIB) gets into trouble as a crypto whale dumps a whopping 1 trillion SHIB tokens, worth about $28.8 million, in just one transaction! 😱 This massive sell-off has caused SHIB prices to drop 13% in the past 24 hours, wiping out profits and raising concerns about further drops. 💔
As the popular meme token rode Bitcoin's bullish wave, Friday's crash dealt a heavy blow, sending SHIB prices down nearly 20% over the past week. Despite this setback, SHIB still boasts an impressive 198% growth over the past month. 🚀📉
At the time of writing, SHIB is trading at an average of $0.000029, with 24-hour trading volume up more than 6% to $2.5 billion. The second largest meme token maintains a market capitalization of $17.1 billion, highlighting its continued importance in the crypto space. 💼💰
But SHIB isn't the only one feeling the heat. Other meme tokens such as Dogecoin (DOGE) and PEPE also experienced significant price drops, with DOGE down 10% and PEPE losing around 7% of its gains. Despite these headwinds, PEPE still boasts an impressive 655% increase over the past month. 🐶🐸📉
As meme tokens face market turmoil, investors brace for further volatility, with lingering concerns about the stability of the broader cryptocurrency market. Stay tuned for more updates as the crypto story unfolds! 🔍📉🔥
