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⛓️ Crypto🔴 BearishImportance 6/10

Recent Developments Show Why The Shiba Inu Price Keeps Crashing

NewsBTC|Scott Matherson|
Recent Developments Show Why The Shiba Inu Price Keeps Crashing
Image via NewsBTC
🤖AI Summary

Shiba Inu's price has crashed 35% year-over-year to $0.000006, driven by declining Shibarium network activity following a major September 2025 attack and reduced trader confidence. Daily transactions on Shibarium plummeted from millions to just over 1,000, while open interest dropped 63% from January highs and exchange inflows indicate continued selling pressure.

Key Takeaways
  • SHIB price down 35% annually, trading around $0.000006 compared to $0.00000923 in early January.
  • Shibarium daily transactions crashed from millions to around 1,230 following a major network attack in September 2025.
  • Open interest declined 63% from January's $145.40 million high to current $54.25 million, indicating reduced trader confidence.
  • Exchange inflows of 6.9 billion SHIB in 24 hours suggest continued selling pressure, with recent peaks of 39 billion SHIB.
  • Overall meme coin market cap fell from $109.7 billion year-to-date high to current $34 billion, indicating sector-wide weakness.
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