Crypto markets are declining, including Bitcoin and Ethereum. Shiba Inu (SHIB) is down 15% in the last 24 hours and almost 50% this month. Only 20% of SHIB investors are currently profitable, highlighting the risk and high volatility of the meme coin. đ
The crypto market has been in freefall the past few days, with the negative trend worsening today. Bitcoin (BTC) fell below $54,000 for the first time since February, while Ethereum (ETH) fell below $2,900.
The situation in the world of meme coins is no better. The sector's market cap is down nearly 20% on a daily basis, currently sitting at around $38.8 billion. Major assets such as Dogecoin (DOGE), Pepe (PEPE), dogwifhat (WIF), Floki Inu (FLOKI), and many more fell by double digits.
Shiba Inu (SHIB) is also red. The price fell 15% in the last 24 hours and almost 50% month-on-month. Its market capitalization fell below the $8 billion mark.
This latest price collapse has affected many SHIB investors. According to IntoTheBlock, only 20% of all HODLers are currently profitable, while more than 52% are underwater.
Are you one of the affected investors? Share your story in the comments column! đ
