Shiba Inu, a well-known meme coin, experienced a decline of over 10% within 24 hours, trading at $0.00002326. This downturn followed the large-scale transfer of 4 trillion SHIB tokens by a whale, as reported by Whale Alert on social media. Despite previous gains in a market rally, SHIB's momentum has slowed.
The market dynamics were compounded by the Federal Reserve’s stance, which has also played a role in influencing SHIB's performance. These developments have led to increased investor scrutiny and potential fluctuations in SHIB’s value.
