Shiba Inu (SHIB) has fallen an astonishing 20% over the past month, as traders' interest in meme coins declines.

As of this edition, the price of Shiba Inu was trading at $0.00001159, while the 24-hour trading volume on June 19 fell by 16%, to $128 million.

However, the recent decline has caused SHIB to form a double bottom pattern, which whales may be leading after purchasing 1.3 trillion tokens.

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