📉 Shiba Inu's price continues to plummet, hitting a low of $0.000017, a 60% drop from its peak this year. The meme coin's trading volume is also lagging behind newer tokens like Pepe, WIF, Floki, and Bonk. 🐕‍🦺

Shibarium, Shiba Inu's layer-2 network, has also failed to attract significant interest, with only 14 DeFi developers and a TVL of $1.69 million.

Technical indicators suggest further downside risk for SHIB, as it's trading below its 50-day and 200-day moving averages. A potential rebound could occur if the overall crypto market recovers or if a spot SHIB ETF is approved.

What are your thoughts on Shiba Inu's future? Comment below! 👇📊