Shiba Inu Faces Sell-Off Wave as 829 Trillion Tokens Enter Profit Zone
Shiba Inu’s (SHIB) recent price surge pushed it to an eight-month high of $0.000030 on November 12. This spike empowered a significant portion of SHIB’s supply to reach profitability, prompting current holders to evaluate their options. As profit-taking pressure builds, many are concerned about the potential for a sell-off. The meme coin craze has shifted the dynamics for SHIB, leading to speculation about future price fluctuations as traders react to the newfound profitability of their holdings. Stakeholders are now watching closely to see how this situation evolves.
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