#PEPE

According to data provided from IntoTheBlock, more than 65% of SHIB holders are held underwater, accumulating mostly around the $0.000020 mark, while current prices float around $0.000016. Stagnation is precipitated in part by the sell-offs of big wallets and the ecosystem finding it hard to build on its burn-and-hype framework. While the SHIB system is about to launch Shibarium expansion and new feature developments, the entire range of Ethereum-based meme coins seems to be facing saturation and fatigue.