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Shiba Inu trading surges 71% as $1.14 billion selloff rocks market

FROM THE WIRE · U.TODAY

Dog-themed cryptocurrency Shiba Inu (SHIB) saw trading volume surge as the broader cryptocurrency market faced fresh selling pressure early Monday, with about $1.14 billion in liquidations, CoinGlass data showed.

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishHeavy selling pressure in crypto with large liquidations is relevant for the asset class.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Shiba Inu trading volume rose 71%.
  2. 02About $1.14 billion in liquidations according to CoinGlass.
  3. 03Selling pressure hit the broader crypto market early Monday.

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