Is SHIB’s Surge to Half a Cent the Ultimate Crypto Hustle You Can’t Afford to Ignore?
Government rules are another wildcard. In the U.S., the SEC has hinted that memecoins might not be classified as securities, which would be a huge relief for SHIB.
Over in Europe, new regulations called MiCA are creating clear rules for the road, which could make established tokens like SHIB seem safer to a wider audience.
But a major risk still lurks: a huge chunk of SHIB is held by a small group of “whale” investors. If one of them decides to sell, they can crash the price in an instant, leaving smaller investors holding the bag.
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