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Is Bitcoin (BTC) Headed for $72,000? Dogecoin (DOGE) Price Hit Critical Support, Shiba Inu’s (SHIB) Whales Take Control?
The cryptocurrency market has been in a state of turmoil recently, with many coins experiencing significant price fluctuations. In the midst of this chaos, concerns have been raised about the dominance of whale addresses holding more than 70% of SHIB’s entire supply. This poses a serious risk for the token, as it could lead to a liquidity crisis if these whales decide to offload their holdings.
If that were to happen, the price of SHIB would likely plummet, potentially causing further volatility in the broader cryptocurrency market. On the other hand, should these whales accumulate or stagnate their holdings, the risk of a sharp decline may be mitigated.
Source: https://u.today/is-bitcoin-btc-headed-for-72000-dogecoin-doge-price-hit-critical-support-shiba-inus-shib-whales
