Shiba Inu Suffers Significant Drop Amidst Market Sell-Off

The cryptocurrency market experienced a dramatic downturn on June 13, impacting various assets, including Shiba Inu (SHIB). The sell-off, driven largely by escalating geopolitical tensions between Israel and Iran, resulted in a significant 12% decline for SHIB. Trading volume surged to $343 million as investors reacted to the market volatility. Despite this drop, larger investors holding substantial amounts of SHIB (over $100,000) chose to retain their positions, reflecting an optimistic outlook.