🚨🚨Important News🚨🚨
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$SHIB Price Update :
Shiba Inu (SHIB) has seen a notable 4.5% decline in the past 24 hours, now trading around $0.00001868 according to CoinGecko. This comes after a recent surge of nearly 20% over the past two weeks. The downturn coincides with decreased activity in the Shibarium ecosystem, with active accounts dropping sharply and daily transactions showing a decline.
Shibarium, designed to enhance speed and scalability for SHIB, has seen reduced activity despite previous milestones. This raises concerns about its impact on SHIB's market dynamics. The broader meme coin market also faces challenges, with several notable coins experiencing losses today.
Despite these challenges, SHIB's exchange netflow has been negative recently, suggesting a shift towards self-custody methods which could potentially support its price resilience.
Stay informed as we track SHIB's developments amidst evolving market conditions.
