$SHIB dominance drops with investors choosing safer options at the beginning of 2022
. Starting from Dec. 20, the asset's price has faced a 25% increase in less than a week, but unfortunately for investors, it retraced by approximately 15% after.
The main reason behind the drop in dominance is the distribution of funds on the market, with the majority of investors moving their funds to smaller altcoins or even stablecoins in order to preserve them during the correction of the cryptocurrency market.According to the tracker's data, the majority of funds currently remain in the"other tokens" category with 10% of all whales' capital. The only token behind Shiba Inu is FTX token with $1.
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