Shiba Inu (SHIB) fell 4.5% over the past 24 hours and is now trading hands at $0.00001032, slightly recovering from the daily low of $0.00000998 seen earlier on Tuesday, according to CoinGecko.
The popular meme coin’s downwards price action comes amid the broader crypto market slump, which saw the cumulative value of all digital currencies fall 2.2% over the day to the current level of $960 billion.
SHIB was among the six new assets included in the forthcoming listing by cryptocurrency exchange BitMEX, with trading slated to commence later this week.
However, as the charts show, the announcement failed to boost the price of the industry’s 13th-largest cryptocurrency. Over $1.6 million in SHIB trades have been liquidated over the past 24 hours, predominantly from short positions, according to data from Coinglass.
New arrivals incoming
We’re about to drop six cryptocurrencies on our platform: $SHIB$WBTC$CRO$MANA$FTT$SAND
— BitMEX (@BitMEX) October 10, 2022
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