Shiba Inu crashes as 5 trillion SHIB hits exchanges after $230 million WazirX hack

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Shiba Inu crashes as 5 trillion SHIB hits exchanges after $230 million WazirX hack
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Shiba Inu (SHIB), one of the largest meme coins in the crypto ecosystem suffered a steep correction early on Thursday, following a hack on an Indian crypto exchange.

Shiba Inu erased 8% of its value on Thursday as CryptoQuant noted a transfer of over 5 trillion

trades at $0.00001711, as the meme coin crumbles under selling pressure. Shiba Inu , one of the largest meme coins in the crypto ecosystem suffered a steep correction early on Thursday, following a hack on an Indian crypto exchange. Data from on-chain intelligence tracker Arkham shows that WazirX exchange was exploited for over $102 million in

tokens were moved to crypto exchanges within hours, on Thursday, July 18. Data from on-chain tracker CryptoQuant shows mass transfer of have hit exchanges in the last hours. pic.twitter.com/Hwd3QU4hWv — Julio Moreno July 18, 2024 The transfers were likely panic selling by crypto traders in response to the WazirX exchange exploiter offloading their

. $102.1M

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