Shiba Inu Plunges 12%, But Whales Hold Fast Amid Market Turmoil

Crypto markets experienced a significant downturn on June 13th, with Shiba Inu (SHIB) leading the charge as it dropped by a dramatic 12%. This decline coincided with heightened tensions between Israel and Iran, which impacted major cryptocurrencies like Bitcoin and Ethereum. The volatile market saw trading volumes surge to $343 million, indicating intense investor activity. Despite these losses, large investors holding over $100,000 in SHIB remained optimistic about the asset’s future.