Shiba Inu Price Under Pressure as Whales Sell Off, Risk of Deeper Dive

Shiba Inu (SHIB) price continued its downward trend Thursday, facing further pressure from ongoing market downturn and a notable sell-off by whales. The meme coin has experienced a significant drop, falling to $0.00001275, marking its lowest point since May 9th. This decline reflects a weakening demand for the token, with investors beginning to exit positions following a sustained period of underperformance.