Shiba Inu (SHIB) Faces Price Drop Amid Market Sell-Off and Scam Warning
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Shiba Inu (SHIB) is experiencing a price decline amid broader market sell-off and emerging phishing scam threats. The cryptocurrency has dropped 1.53% in 24 hours, trading at $0.00001262, erasing recent weekly gains due to profit-taking and macroeconomic uncertainties.
March 31, 2025 | 4:15 am
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NEGATIVE IMPACT
SHIBUSD is experiencing downward price pressure from market sell-off and increased security concerns, with potential continued volatility.
Multiple factors are negatively impacting SHIBUSD: 1) Broader market sell-off due to inflation concerns, 2) Profit-taking after recent rally, 3) Emerging security threats creating investor uncertainty
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100