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**SHIB Tanks as Over 60% of Investors See Losses**
Shiba Inu (SHIB) has been experiencing a devastating price crash, with the cryptocurrency plummeting to unprecedented lows. The market downturn has left over 60% of SHIB holders in loss-making positions, according to recent data.
The bearish momentum has been fueled by a lack of substantial utility and a shift away from meme coins. Additionally, SHIB’s inability to maintain upward momentum has led many traders to become disillusioned with the cryptocurrency.
In an interview, Samson Mow, a top angel investor, expressed concerns about Bitcoin (BTC) being oversold. However, his comments had little effect on the overall market sentiment, as prices continued their downward spiral.
Strategy News recently highlighted the risks associated with SHIB’s price collapse, stating that $180 would be “generous” for any recovery efforts. It appears that the cryptocurrency has yet to demonstrate the necessary resilience to break free from its current downtrend.
As SHIB struggles to regain investor trust, it remains unclear whether the coin can recover to previous highs or if this downturn marks a permanent shift in market sentiment.
