SHIB leads in the U.S. dollar value drained from WazirX's wallet in a recent hacking incident, surpassing losses in Pepe, Ether, and other cryptocurrencies.
SHIB is the biggest crypto by the US dollar value drained from WazirX’s wallet in the hacking incident that includes Pepe, Ether, and other cryptocurrencies.), the second-largest memecoin by market capitalization, faced a significant dip after being implicated in the recent hacking incident at the India-based crypto exchange, WazirX. This unsettling news has amplified concerns of a potential selloff, casting a shadow over SHIB's short-term outlook.
That said, SHIB’s potential to continue its decline within the channel is higher if the fractal repeats. In this bearish scenario, the memecoin may fall toward $0.00001263 by the end of July — down by over 25% from the current price levels. Conversely, a retreat from the ongoing correction may have SHIB retest its resistance confluence zone at around $0.00002000.
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.Bitcoin L2s help crypto miners in Asia supplement income with staking
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