Despite hack, Shiba Inu easily absorbed enormous selling pressure
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Because of the support from market makers and the general dynamics of the market, SHIB was able to withstand this situation. We can observe from the provided chart analysis thatPrior to the successful absorption of selling pressure, some whales most likely started actively redistributing their funds, getting ready for a catastrophic drop. However, as soon as the news about the liquidation of hackers' funds dropped, it became clear that there is no reason to panic and trigger a sell-off.
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