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Dogecoin and Shiba Inu Crash: Millions of Dollars Lost!
The sharp decline in Bitcoin has devastated the meme coin market. As Dogecoin and Shiba Inu tumble, investors are panic selling.
The sharp drop in Bitcoin has spilled over into meme coins. Dogecoin and Shiba Inu fell by 11%.
Panic selling has begun in the crypto market. Bitcoin’s collapse has caused a domino effect. DOGE and SHIB are among the most affected coins.
Investors are quickly closing their positions. The meme coin market has turned red. Will the decline continue? It’s still uncertain.
Major Capital Exit from DOGE
On Thursday, a massive $29.67 million outflow occurred from Dogecoin. This is recorded as one of the largest single-day capital outflows in recent months.
Market data shows continuous selling pressure. There is little interest from buyers. Red bars dominate.
Bitcoin’s Effect Hits the Entire Market
Bitcoin dropped 10%. It fell below the 1000-day moving average for the first time since 2023. This line is of critical importance.
This level marks the historic boundary between bull and bear markets.
In the past, this breakdown has led to long periods of consolidation or deeper declines.
Investors are shifting their funds into AI stocks and precious metals like gold. Liquidity is rapidly leaving the crypto market.
A $1.5 billion outflow from Bitcoin occurred in a single day. As a result, the most affected assets are speculative coins. Meme coins are the primary target.
When BTC lost its critical support, altcoins fell in a domino effect. Meme coins took a heavy hit.
The market is in uncertainty. If Bitcoin doesn’t recover, meme coins could experience further losses. Investors are cautious.