Shiba Inu Sees $3.6M in Liquidations But Network Strength Offsets Price Drop

14.8 trillion Shiba Inu tokens worth $3.63 million liquidated in last 24 hours amid crypto market downturn
Despite price drop, Shiba Inu sees increase in large transactions (over $100k), up 276% to $212.56 million
Transaction count up 5.62% to 5,750 and trading volume jumps by $167 million in 24 hours
73% of SHIB investors have held for over a year, showing long-term confidence
Even with liquidations and price decrease, strong network activity and trading volume suggest potential for SHIB recovery