Shiba Inu has dropped to a significant '555' price point amid a broader cryptocurrency market sell-off. The meme coin has experienced substantial weekly losses of 16%, reflecting the current bearish sentiment across crypto markets.
Shiba Inu exchanges experienced a massive influx of 531 billion tokens, representing substantial market activity. The significant inflow has pushed risk levels above what analysts consider safe thresholds for the meme cryptocurrency.
Dogecoin is facing its fifth consecutive month of losses as February closes, with the cryptocurrency experiencing a 14% price decline. The downturn is part of a broader last-minute slip affecting the entire crypto market.