Global #market downturn

The cryptocurrency market is experiencing another period of turbulence, with most major altcoins trading in the red. However, two digital currencies often lumped together, Shiba Inu (SHIB) and Dogecoin (DOGE), are faring particularly poorly and are currently listed as some of the biggest losers among the top 20.

While the recent Bitcoin crash sent shockwaves through the market and triggered a wave of panic selling, on-chain data reveals a different story among the largest holders, often referred to as "whales."