Even though retail traders are still glued to the tokens, it seems like the growing number of wallets have decreased their SHIB positions. Shiba Inu, the self-proclaimed killer of Dogecoin, still has a passionate following, but on Wednesday he was back in the red after three straight weeks of losses. The losses follow gains from large SHIB token holders as the crypto market shifts to a risk exclusion system, a situation where traders reduce their exposure to risky assets, according to blockchain data. “Crypto markets are currently in risk mitigation mode after Bitcoin and Ether hit new highs two weeks ago,” Blockchain analyst Nansen said in a written response to lower prices as investors reduce risk.During press, SHIB was trading at $0.003700, down 11.89% over the past 24 hours, Messari said. According to Nansen, a growing number of portfolios with significant holdings have recently slashed their positions in SHIB, likely due to gains. Data from blockchain data company Santiment sh
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