SHIB Slides 2.46% Amid Market Pressure, But Coinbase Futures and Upgrades Spark Hope

Shiba Inu (SHIBUSDT) has experienced a 2.46% price decrease over the last 24 hours, with the current price at $0.00000871 on Binance. The decline is largely attributed to sustained bearish sentiment across meme coins, technical signals such as the recent "death cross," and persistent selling pressure in the broader market. Despite active trading volumes—ranging from $121 million to $245 million—and notable token burns exceeding 35 million SHIB in one day, recent security incidents in the Shibarium ecosystem and cautious investor outlook have weighed on price performance. However, developments such as Coinbase’s upcoming SHIB futures launch, technological upgrades for Shibarium, and growing institutional interest provide potential support for market stabilization in the near term. Shiba Inu maintains a substantial market capitalization of around $5.15 billion, with its circulating supply at approximately 589.24 trillion tokens.