, the largest token in the Shiba Inu ecosystem, registered a price drop of over 4.5% in the last 24 hours. However, it was not the token that was most affected.at $1.50 with a market capitalization of over $344 million. Sadly, its trading volume went up by 40% during that period, which was bearish.
’s metrics revealed that investors chose to sell their holdings. This was evident from the dip in its supply outside of exchanges and a rise in the supply on exchanges. The price plummet also caused its 1-week price volatility to rise, which could cause trouble in the coming days.SHIB bled a considerable amount of its market cap in the last 24 hours, which pushed its rank down on the list of the top cryptos.
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