The post Shiba Inu (SHIB) Price Plunges: Are Whales Liquidating? appeared first on Coinpedia Fintech News
The meme-based cryptocurrency, Shiba Inu (SHIB), has experienced a sharp decline in the market, plunging a staggering number of investors into a precarious state of affairs.
Shiba Inu’s “Red Zone” Spells Trouble
The meme coin’s downward trendline has pushed approximately one million holders into what is commonly referred to as the “red zone” in the cryptocurrency trading arena. This territory serves as a distress signal for investors, and currently, it is flashing red for a significant portion of Shiba Inu stakeholders.
Despite the substantial number of investors facing losses, there is a ray of hope. Around 219,880 wallets, representing 17.51% of SHIB holders, have managed to secure gains or at least hold their ground in the profitable territory. Additionally, a smaller group of investors, accounting for 34,600 wallets or 2.76%, currently sits at the breakeven point, e
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