$SHIB coin is falling
๐ Shib coin falling ๐
Shiba Inu Prices Drop Big The last 24 hours has seen a notable drop in prices across the board, with SHIB seeing a significant decline. Currently, the token is trading at $0.00002889, marking a 14.27% decline from the previous day. Despite this recent decline, it is important to note that SHIB has shown notable growth over the past month, with an increase of 193.86% after a significant rally. However, adding to the market tension, data from CoinGlass reveals that there has been an increase in SHIB liquidations in the past 24 hours.
The total amount liquidated was $5.28 million, most of which, $4.08 million, came from long liquidations, as investors bet on rising prices. Meanwhile, short liquidations, where prices are bet on falling, were valued at $1.20 million.
Overall, the large-scale movement of SHIB to Gate.io, combined with a significant price drop and increased liquidations, has left the cryptocurrency community in a state of tension. The next few days will be crucial in determining the impact of this massive relocation on the Shiba Inu's market position and whether it will exacerbate or mitigate the current market volatility.#HotTrends#SHIBAโ ๐
