SHIBA is in a major crisis today: its Shibarium network has dropped by 99%, and this is the disaster.
SHIBA News - Latest update today, November 12:
1. Current price
Price: $0.00000436*, or 4 zeros and 436
In the last 24 hours: down by -3.16%
In the last 7 days: down by -9.29%
In the last 30 days: down by -21%
In the last 6 weeks: down by -25%
Since the start of the year: down by -40%, from $0.00000692 on January 1 to $0.00000436 now
Since last year: down -54%, from $0.00000965 on November 12, 2025
From its all-time high of $0.00008616 on October 27, 2021, it's now down -94.9%
Market cap: $2.54 billion, ranked *37th
Trading volume: $44 million in 24 hours, which is very low
2. The Shibarium disaster: TVL has fallen by 99%
This is SHIB's biggest problem today:
Shibarium TVL: It was in the billions*, but now it's only $130,000, a drop of -99%
Transactions: On November 10, Shibarium processed only 691 transactions for the entire day, compared with its average of 1,624 transactions
The reason: In September, *Shibarium's bridge was attacked, and millions of dollars' worth of ETH and SHIB were stolen. Since then, people have stopped trusting the network
That means Shibarium, which was SHIB's hope for becoming a real network, is now practically dead.
3. Burns: tokens are being burned, but the price isn't going up
Over the past week, burns increased by +49.21%
Total burned: 410.845 trillion SHIB*, or *41% of the original supply of 1 quadrillion
Number of burn transactions: 21,900
But this week's burns amount to tens of millions of SHIB, worth just a few hundred dollars—in other words, practically nothing
So burns are increasing, but the price isn't going up because the burns are too small and there's no demand.
4. Technical analysis - what's next?
Nearest support: $0.00000432, where it's currently holding, and $0.00000407, the yearly support level
If it breaks below $0.00000407: it will fall to *$0.00000379, the 161.8% Fibonacci level, then to $0.00000348—another -20%
Resistance: $0.00000474. If it breaks above that, it will rise to $0.00000500, the psychological level, then to $0.00000565
RSI: 34*, close to oversold, but it hasn't reached that level
MACD: Negative, but approaching the signal line, meaning selling pressure is easing slightly
5. Warning: 137 fake coins using the name Ryoshi
On November 10*, a report came out saying that 137 fake coins are using the name Ryoshi*, the founder of SHIB.
These fake coins are exploiting the SHIB name to scam people.
The real SHIB contract is: 0x95aD61b0a150d79219dCF64E1E6Cc01f0B64C4cE
If you buy SHIB anywhere else, it will be a fake coin.
6. SHIB, DOGE, or PEPE?
SHIB: down -40% year to date
DOGE: down -40% year to date
PEPE: down -7% year to date
That means SHIB and DOGE have lost more than PEPE in 2026.
7. What's the difference between SHIB and PEPE?
SHIB: It has the Shibarium network, but it's dead, and it has burns, but the burns are small
PEPE: It has no network, but it has a strong community and a trading volume of $582 million*, compared with *SHIB's $44 million
That means PEPE is stronger than SHIB in 2026 in terms of trading volume and community.
SHIBA summary:
SHIBA is sitting at $0.00000436.
If it holds at $0.00000407*, it will bounce to $0.00000474, then to $0.00000500
If it breaks below $0.00000407, it will fall to *$0.00000348
SHIBA is very cheap right now, but its network is dead, its burns are insignificant, and there are no catalysts to drive it up
SHIBA news - latest update, November 12:
1. Current price
Price: $0.00000436*, meaning four zeros and 436
Over the last 24 hours: down -3.16%
Over the last 7 days: down -9.29%
Over the last 30 days: down -21%
Over the last 6 weeks: down -25%
Year to date: down -40%, from $0.00000692 on January 1 to $0.00000436 now
Since last year: down -54%, from $0.00000965 on November 12, 2025
From its all-time high of $0.00008616 on October 27, 2021, it's now down -94.9%
Market cap: $2.54 billion, ranked *37th
Trading volume: $44 million in 24 hours, which is very low
2. The Shibarium disaster: TVL has fallen by 99%
This is SHIB's biggest problem today:
Shibarium TVL: It was in the billions*, but now it's only $130,000, a drop of -99%
Transactions: On November 10, Shibarium processed only 691 transactions for the entire day, compared with its average of 1,624 transactions
The reason: In September, *Shibarium's bridge was attacked, and millions of dollars' worth of ETH and SHIB were stolen. Since then, people have stopped trusting the network
That means Shibarium, which was SHIB's hope for becoming a real network, is now practically dead.
3. Burns: tokens are being burned, but the price isn't going up
Over the past week, burns increased by +49.21%
Total burned: 410.845 trillion SHIB*, or *41% of the original supply of 1 quadrillion
Number of burn transactions: 21,900
But this week's burns amount to tens of millions of SHIB, worth just a few hundred dollars—in other words, practically nothing
So burns are increasing, but the price isn't going up because the burns are too small and there's no demand.
4. Technical analysis - what's next?
Nearest support: $0.00000432, where it's currently holding, and $0.00000407, the yearly support level
If it breaks below $0.00000407: it will fall to *$0.00000379, the 161.8% Fibonacci level, then to $0.00000348—another -20%
Resistance: $0.00000474. If it breaks above that, it will rise to $0.00000500, the psychological level, then to $0.00000565
RSI: 34*, close to oversold, but it hasn't reached that level
MACD: Negative, but approaching the signal line, meaning selling pressure is easing slightly
5. Warning: 137 fake coins using the name Ryoshi
On November 10*, a report came out saying that 137 fake coins are using the name Ryoshi*, the founder of SHIB.
These fake coins are exploiting the SHIB name to scam people.
The real SHIB contract is: 0x95aD61b0a150d79219dCF64E1E6Cc01f0B64C4cE
If you buy SHIB anywhere else, it will be a fake coin.
6. SHIB, DOGE, or PEPE?
SHIB: down -40% year to date
DOGE: down -40% year to date
PEPE: down -7% year to date
That means SHIB and DOGE have lost more than PEPE in 2026.
7. What's the difference between SHIB and PEPE?
SHIB: It has the Shibarium network, but it's dead, and it has burns, but the burns are small
PEPE: It has no network, but it has a strong community and a trading volume of $582 million*, compared with *SHIB's $44 million
That means PEPE is stronger than SHIB in 2026 in terms of trading volume and community.
SHIBA summary:
SHIBA is sitting at $0.00000436.
If it holds at $0.00000407*, it will bounce to $0.00000474, then to $0.00000500
If it breaks below $0.00000407, it will fall to *$0.00000348
SHIBA is very cheap right now, but its network is dead, its burns are insignificant, and there are no catalysts to drive it up
SHIBA news - latest update, November 12:
1. Current price
Price: $0.00000436*, meaning four zeros and 436
Over the last 24 hours: down -3.16%
Over the last 7 days: down -9.29%
Over the last 30 days: down -21%
Over the last 6 weeks: down -25%
Year to date: down -40%, from $0.00000692 on January 1 to $0.00000436 now
Since last year: down -54%, from $0.00000965 on November 12, 2025
From its all-time high of $0.00008616 on October 27, 2021, it's now down -94.9%
Market cap: $2.54 billion, ranked *37th
Trading volume: $44 million in 24 hours, which is very low
2. The Shibarium disaster: TVL has fallen by 99%
This is SHIB's biggest problem today:
Shibarium TVL: It was in the billions*, but now it's only $130,000, a drop of -99%
Transactions: On November 10, Shibarium processed only 691 transactions for the entire day, compared with its average of 1,624 transactions
The reason: In September, *Shibarium's bridge was attacked, and millions of dollars' worth of ETH and SHIB were stolen. Since then, people have stopped trusting the network
That means Shibarium, which was SHIB's hope for becoming a real network, is now practically dead.
3. Burns: tokens are being burned, but the price isn't going up
Over the past week, burns increased by +49.21%
Total burned: 410.845 trillion SHIB*, or *41% of the original supply of 1 quadrillion
Number of burn transactions: 21,900
But this week's burns amount to tens of millions of SHIB, worth just a few hundred dollars—in other words, practically nothing
So burns are increasing, but the price isn't going up because the burns are too small and there's no demand.
4. Technical analysis - what's next?
Nearest support: $0.00000432, where it's currently holding, and $0.00000407, the yearly support level
If it breaks below $0.00000407: it will fall to *$0.00000379, the 161.8% Fibonacci level, then to $0.00000348—another -20%
Resistance: $0.00000474. If it breaks above that, it will rise to $0.00000500, the psychological level, then to $0.00000565
RSI: 34*, close to oversold, but it hasn't reached that level
MACD: Negative, but approaching the signal line, meaning selling pressure is easing slightly
5. Warning: 137 fake coins using the name Ryoshi
On November 10*, a report came out saying that 137 fake coins are using the name Ryoshi*, the founder of SHIB.
These fake coins are exploiting the SHIB name to scam people.
The real SHIB contract is: 0x95aD61b0a150d79219dCF64E1E6Cc01f0B64C4cE
If you buy SHIB anywhere else, it will be a fake coin.
6. SHIB, DOGE, or PEPE?
SHIB: down -40% year to date
DOGE: down -40% year to date
PEPE: down -7% year to date
That means SHIB and DOGE have lost more than PEPE in 2026.
7. What's the difference between SHIB and PEPE?
SHIB: It has the Shibarium network, but it's dead, and it has burns, but the burns are small
PEPE: It has no network, but it has a strong community and a trading volume of $582 million*, compared with *SHIB's $44 million
That means PEPE is stronger than SHIB in 2026 in terms of trading volume and community.
SHIBA summary:
SHIBA is sitting at $0.00000436.
If it holds at $0.00000407*, it will bounce to $0.00000474, then to $0.00000500
If it breaks below $0.00000407, it will fall to *$0.00000348
SHIBA is very cheap right now, but its network is dead, its burns are insignificant, and there are no catalysts to drive it up$SHIB
