WHY IS #SHIBA_INU DORMANT?
In a recent development within the cryptocurrency market, a Shiba Inu (SHIB) whale made headlines by selling off approximately 421.6 billion SHIB tokens at a substantial loss.
The whale's decision to divest such a significant quantity of SHIB tokens, at an average price of $0.000009437, resulted in a notable financial loss amounting to $6.32 million.
This stark contrast to the whale's initial acquisition of the tokens in November 2021 underscores the dynamic and unpredictable nature of the cryptocurrency market, particularly within the realm of meme coins.
This event serves as a poignant reminder of the risks inherent in investing in assets characterized by high volatility and speculative fervor.
