Hundreds of billions of SHIB dumped: Shiba Inu token's price crashes in mere minutes shibainu shib shibarmy shibarium shibaeternity shibburn $shib
This sharp fall was possibly instigated by a cascade of liquidations, driven by late-coming traders seeking to capitalize on the Shiba Inu price pump. Many of these latecomers had taken on long positions with excessively large leverage, only to be swiftly wiped out by the market — a phenomenon commonly referred to as a"long-squeeze."token itself. The prevailing theory is that meme coin pumps often serve as precursors to market dumps.
This pattern emerges due to capital cycling within financial markets, as funds flow from less risky assets to more speculative ones, in particular, meme tokens like SHIB and
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