Overview
- SHIB traded near $0.0000099, about 43% below its 2025 peak and roughly 70% under its November 2024 high, signaling a firmly bearish trend.
- Token burns fell to 2.57 million SHIB on Oct. 31 as Shibarium activity slumped, with TVL near $850,000 and daily transactions reported down about 82%.
- Large holders offloaded more than 114 billion tokens in the past three weeks, while SHIB’s 24-hour volume of $176 million trailed several rival memecoins.
- Charts show a descending triangle with price below the 50- and 200-day EMAs, with key levels flagged at support around $0.0000095 and potential downside toward $0.0000085.
- A brief rebound followed T. Rowe Price’s Active Crypto ETF filing that lists SHIB among potential holdings, but confidence remains shaky after a reported ShibaSwap signer key compromise with losses near $2.8 million and a 84.55 trillion decline in exchange reserves over 12 months.