The price of the popular meme coin Shiba Inu (SHIB) on Coinbase, the largest cryptocurrency exchange in the USA, dropped by more than 50% in a short time.
A very unusual situation occurred at Coinbase regarding the Shiba Inu. This morning, the SHIB price on the Coinbase exchange dropped for a few minutes. than 50% There was a significant decrease.
While such a decline does not occur under normal conditions, SHIB is on Coinbase. $0.0000402 from levels 52% withdrawal with $0.0000199 reached. In this process, other exchanges other than Coinbase Binance And on Bybit price only 0.000036 It fell to the dollar.
It is thought that the decrease in question was caused by a large sell order. SHIB on Coinbase at the time of writing $1.2 million There is market depth. If there is a sale larger than this amount, the price will increase. your abnormal movements Its occurrence is considered normal.
SHIB volume on Coinbase in the last 24 hours $1.7 billion exceeded and reached its highest level in recent times.
Due to a short-term technical problem experienced in Coinbase last week, users’ balances were lost. as 0 dollars it seemed. of Bitcoin for 69 thousand dollars As this situation approaches 4 March The day had happened again.
According to CoinGecko data, despite the sales in SHIB, the price is 50% value in 24 hours while writing by winning From $0.00003999 is being traded.
