Dogecoin and Shiba Inu plunge 10%, historic eight-figure capital outflow hits

According to a report by Bijie Network: Affected by bitcoin's 10% plunge and its fall below the key 1000-day moving average, the prices of Dogecoin (DOGE) and Shiba Inu (SHIB) plummeted by 11%. Spot data shows that DOGE saw a single-day outflow of up to $29.67 million, dropping to the support level near $0.09. SHIB has fallen below $0.0000086 and is testing the $0.000006 mark under significant pressure. As all key moving averages are above the current price and capital is exiting the cryptocurrency market, both of these meme coins face the risk of further declines, with DOGE potentially dropping another 15-20% to a target price of $0.07.