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Shiba Inu Price Crash To $0.000022 Plunges 43% of Investors into Losses
The price of Shiba Inu (SHIB) has plummeted to a record low of $0.000022, causing over 43% of investors to experience significant losses on their investment.
In a shocking turn of events, the meme coin’s value has crashed by a staggering 43%, wiping out profits and leaving many traders in the red. The sudden downturn has left many wondering what could have caused such a drastic decline.
SHIB’s massive decline comes amid a broader crypto market sell-off, which has seen major cryptocurrencies plummet. However, SHIB’s plunge to $0.000022 is particularly concerning as it marks a significant loss for investors who had bought into the meme coin’s hype earlier on.
At its peak in October 2021, SHIB was valued at over $0.00008, but its value has since nosedived by more than 70%. The latest plunge has seen many investors incur substantial losses as they have been unable to get out of their positions quickly enough.
Despite this downturn, it’s important to note that the price movement is part of a larger market correction and not necessarily indicative of the project’s long-term prospects.
Source: bitcoinist.com
