SHIBIC USD Price & Performance (SHIBICUSD)

Shiba Inu (SHIB) has seen an 8% price increase, reaching $0.0000123 after a series of declines. This rebound coincides with broader cryptocurrency market improvements, influenced by lower-than-expected inflation data. However, with 62% of SHIB addresses still at a loss, investor sentiment remains cautious.1

The Shiba Inu community has burned over 29 million SHIB in a single day, marking a 3,255% increase in the burn rate. Despite these efforts, SHIB's price dropped by 6%, reflecting broader market trends and uncertainty around U.S. government crypto policies.2

Shiba Inu's daily transactions have dropped significantly, falling from millions to under 1 million. While 13.8 million SHIB were burned in one transaction, the burn rate's weak impact on price momentum raises concerns about the ecosystem's engagement.3