Shiba Inu Plunges as Whales Sell & Network Slows Down

Shiba Inu experienced a dramatic price drop on Saturday, falling further into bear market territory after being hit by both broad crypto sell-offs and challenges specific to the Shiba ecosystem. The coin, which had been soaring for days, dropped by nearly 30% from its May peak, reaching a low of $0.00001238 on Saturday – its lowest point since April 22nd. This follows a four-day downtrend marked by a significant drop in whale holdings and slowed burn rate.