Overview
- SHIB trades at about $0.0000099, with market capitalization near $5.85 billion after a steep decline from more than $20 billion in 2024.
- The burn rate fell 13% on Friday to 2.57 million tokens worth roughly $25, underscoring weak token destruction.
- Shibarium’s usage is described as near zero, with total value locked around $850,000 after an 11% slide over 30 days.
- Large holders offloaded roughly 114 billion SHIB in the past three weeks, reinforcing a bearish flow from whales.
- Liquidity and interest have thinned, with 24-hour volume at $176 million—below several rival tokens—while technicals show a descending triangle and price below the 50- and 200-day EMAs.