Shiba Inu

During the 2021 bull market, Shiba Inu <a href="https://www.analyticsinsight.net/shiba-inu-will-experience-a-2021-like-rally-this-year-true/#:~:text&#61;2021%3A%20A%20Historic%20Year%20for%20Shiba%20Inu&amp;text&#61;The%20Dogecoin%20competitor%20recorded%20a,and%20ended%20at%20US%240.000036." rel="noopener noreferrer nofollow">attracted</a> significant attention and spearheaded price rallies. This surge in popularity propelled Shiba, the native decentralized exchange (DEX) of the Shiba Inu ecosystem, to achieve a Total Value Locked (TVL) of a staggering $1.75 billion.TVL measures the liquidity users provide for staking and swapping tokens on the exchange. However, the same TVL that once boasted billion-dollar figures had <a href="https://defillama.com/protocol/shibaswap" rel="noopener noreferrer nofollow">plummeted</a> drastically. According to DefiLlama, ShibaSwap&#39;s TVL currently stands at a meager $25.16 million.This sharp decline signifies a lack of investor interest in contributing volume to the smart contract projects within the Shiba Inu ecosystem. A liquidity squeeze occurs when there is a scarcity of deposits and conversion in transactions within a particular digital asset. Sometimes, this could be attributed to a lack of participation by influential investors, commonly called whales.Analyzing on-chain data, Santiment, a leading analytics platform, <a href="https://app.santiment.net/charts/6bgxH7HD__sCl" rel="noopener noreferrer nofollow">discovered</a> that retail investors holding between 1 and 1,000,000 SHIB tokens had increased their balances. It suggests that this group still holds some faith in the long-term performance of the meme-based cryptocurrency.Read full article at <a href="https://cryptotale.org/liquidity-crisis-shiba-inu-faces-uncertain-future-amidst-decreasing-interest/" rel="noopener noreferrer nofollow">CryptoTale.</a>

Liquidity Crisis: Shiba Inu Faces Uncertain Future Amidst Decreasing Interest

CryptoTale

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