Shiba Inu Faces Security Breach and Price Pressure: Is SHIB Ready for a Recovery or Further Decline?

Shiba Inu (SHIB) recently suffered a significant security breach on Shibaswap, leading to nearly $3 million in token losses due to leaked signer keys. This incident has increased concerns among SHIB holders amid an ongoing downtrend that has seen the meme coin lose 45% of its value year-to-date. Despite the weakness, technical analysis suggests SHIB is consolidating near a strong support zone, with possibilities for a price rebound if it breaks through key resistance levels. Meanwhile, traders are exploring alternative opportunities like the PEPENODE presale, a mine-to-earn project gaining traction in the meme token space. Continue to read Shiba Inu Faces Security Breach and Price Pressure: Is SHIB Ready for a Recovery or Further Decline?