SHIB (Shiba Inu) Crashes: Shiba Inu Suffers Summer's Biggest Loss.
SHIB (Shiba Inu) suffers the biggest loss of summer—dropping over 7% as whale sell‑offs hit and bearish momentum builds. Shiba Inu (SHIB) just got crushed below its 50-day moving average, wiping out almost all of July's gains in what's shaping up to be the summer's most brutal meme coin collapse.
Shiba Inu pulled off one of the nastiest chart reversals we've seen all summer. What looked like a solid comeback in July turned into a classic bull trap that's left SHIB holders nursing some serious losses. Trading around $0.00001223 right now, the meme coin has smashed through key support levels and doesn't look like it's done falling yet. The whole thing started when SHIB seemed like it might actually hold above the important moving averages and push back toward $0.00001400. Bulls got excited, momentum picked up, and then - boom - the rug got pulled. That's textbook bull trap behavior right there. #TrumpTariffs #MarketPullback