Shiba Inu Price Crashes 50% on Coinbase Due to Liquidity Issues, Highlights Need for Adequate Exchange Reserves

Shiba Inu's (SHIB) price on Coinbase crashed 50% due to large sell orders that exceeded the exchange's liquidity
SHIB's price fell from $0.000044 to $0.000020 on Coinbase, while remaining steadier on other exchanges
Coinbase users faced display issues showing account balances of zero during the crash
Other Indian exchanges like WazirX saw altcoin prices drop over 20%, including coins like JasmyCoin and LeverFi
The incidents highlight the need for sufficient liquidity at crypto exchanges to prevent major price disruptions from large orders