Shiba Inu has recently experienced a dramatic turn of events. In the past 24 hours, the leading meme coin has faced a steep decline of 10% in its value. This downturn has followed an unprecedented wave of profit-taking that has seen traders cash out an astounding $426 million on Tuesday. This is marked as the largest single-day selloff since 2022. Investors are left attempting to assess the implications of this selloff on Shiba Inu’s future. The significant cash-out raises questions about the sustainability of SHIB’s price levels. As we analyze the aftermath, it is vital for holders to remain vigilant and consider market indicators moving forward. Keeping abreast of the latest trends and expert opinions will aid in navigating the shifting landscape of meme coins.