Robinhood’s Mysterious SHIB Transfer
Robinhood recently transferred a massive 2.2 trillion SHIB tokens, worth around $40 million. This has raised concerns about a possible sell-off by the exchange.
Meme Coin Mania: On the Decline?
CryptoQuant suggests that the meme coin craze may be fading. The dominance of meme coins in the crypto market has declined since November 2022.
SHIB itself has seen a significant drop in value, down 80% from its peak in October 2021.
SHIB Army Remains Loyal
Despite the downturn, SHIB still has a strong community. The SHIB Army continues to promote the token’s utility beyond its meme status.
Price Forecast
Price predictions indicate a potential decline of 5.16% for SHIB by July 22, 2024. Technical indicators support this bearish outlook.
