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Shiba Inu Loses Its Bark: Billions Flood Exchanges as Meme Coin Stalls
Shiba Inu Loses Its Bark: Billions Flood Exchanges as Meme Coin Stalls
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Another day, another meme coin drama—this time with Shiba Inu (SHIB) stuck in neutral while whales dump billions onto exchanges. Will the ’Dogecoin killer’ find its bite, or is this just another crypto hype cycle running out of steam?
Price action? More like price inaction. SHIB’s chart looks flatter than a decentralized governance proposal’s voter turnout. Meanwhile, traders are left guessing whether this is a classic ’buy the dip’ moment or the start of a rug pull by the so-called ’Shib Army.’
Let’s be real: if volatility were a taxable asset, SHIB holders would owe the IRS more than a bankrupt crypto exchange. But hey—at least it’s not another stablecoin depegging story.
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