Shiba Inu (SHIB), once one of the most explosive meme coins in the market, is now facing difficulties as it struggles to maintain momentum. Why is Shiba Inu struggling in a bull market? While meme coins like PEPE and FLOKI have surged, SHIB has remained relatively stagnant, frustrating investors who expected a stronger performance. So, what’s happening?
Why is Shiba Inu Experiencing a Significant Drop?
SHIB’s recent price drop stems from bearish market conditions, overall negative sentiment, and Bitcoin’s influence. On the weekly, Shiba Inu has declined by nearly 0.8%, and on the daily it has managed to incline by around 1%, bringing to light the lackluster momentum in the market.
Billions of SHIB Tokens Hitting Exchanges: Investor Caution
Hace 1 día Shiba Inu Struggles for Direction as Billions of SHIB Tokens Hit Exchanges. SHIB traded between $0. and $0. amid investor caution and a wave of token movements. This influx of tokens onto exchanges often indicates potential selling pressure, contributing to the downward trend.