Shiba Inu losing what it gained throughout entire month
, the meme coin that took the crypto world by storm, recently faced a significant setback. A staggering 35% of SHIB's gains evaporated during what is now being referred to as the"Shibarium correction."got stuck in the Shibarium bridge, a critical component of the Shiba Inu ecosystem. This mishap not only caused panic among the community but also led to a substantial outflow of funds from Shiba Inu.
The anticipation around Shibarium had driven the token's price up, but the actual launch and subsequent issues led to a sharp sell-off. Investors, both new and seasoned, felt the sting as the token's value plummeted.price trajectory took a nosedive, and at one point, it formed a candlestick shadow that touched the lowest price levels seen in recent months. This momentary dip effectively wiped out all the gains SHIB had accumulated in August. As of now, SHIB is trading at $0.
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