- Shiba Inu plunges amid massive market sell-off and panic.
- Over 138 billion SHIB moved to exchanges as pressure mounts.
- Shibarium’s growth and AI plans aim to stabilize investor confidence.
Shiba Inu (SHIB) experienced a steep decline of over 8.5%, dropping to $0.000009351 before slightly rebounding to around $0.000009609. The token’s downturn came during a major crypto market sell-off that erased billions in leveraged positions, sending shockwaves across digital assets and sparking fear among traders.
According to SHIB ecosystem marketing lead Lucie, the community should remain calm despite the setback. She described SHIB as a “race car making a U-turn,” adding that the token’s past struggles have shaped its path toward a stronger future. Her comments aimed to ease growing concerns as bearish momentum built up across the market.
Approximately 138 billion SHIB tokens were moved to exchanges during the price slump. Market analysts interpreted the transfers as signs that holders were preparing to sell, further increasing pressure on the token. Technical analysis indicated that the $0.0000100 price level remains a crucial support zone, and any close below that threshold could signal more downward movement.
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Just a few days earlier, SHIB had shown signs of recovery by briefly erasing a zero and rising above the $0.00001 mark. However, that momentum quickly faded after a broader market collapse pulled most major cryptocurrencies lower.
Crypto Market Turmoil Intensifies Pressure on SHIB
The decline occurred amid one of the most significant liquidation events seen this year, with over $19 billion in leveraged bets wiped out in a short period. More than $1 billion in positions were closed in a single day, affecting Bitcoin, Ethereum, and other major altcoins.
The sharp downturn was partially linked to U.S. President Donald Trump’s announcement of 100% taxes on Chinese imports. The unexpected policy news caused widespread panic in financial markets, especially among traders exposed to high-risk assets, leading to cascading losses across cryptocurrencies.
Despite the volatility, the Shiba Inu ecosystem continues to show signs of progress. Its Layer-2 network, Shibarium, recently surpassed 420 million transactions and continues to attract developers and liquidity providers. The team is also exploring artificial intelligence integrations and metaverse projects aimed at expanding the utility of the SHIB ecosystem.
While community engagement remains strong and token burns persist, analysts warn that SHIB’s large supply and broader market weakness may hinder a swift rebound.
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