Shiba Inu (SHIB) is one of the most famous meme cryptocurrencies, driven largely by community sentiment and utility developments like Shibarium and Layer‑2 features.
SHIB currently trades around $0.0000059–$0.0000063, far below its all‑time high near $0.000088 in 2021, reflecting over a decade of correction and low altcoin demand.
Recent on‑chain data shows bullish signals, such as large net outflows from exchanges (212 billion SHIB), implying accumulation and reduced selling pressure.
However, short‑term price action remains volatile and mixed, with occasional pullbacks after rallies and technical pressure around support levels.
Community‑driven token burn efforts aim to reduce supply, but current burn rates are too slow to materially affect price without stronger demand.
Overall, SHIB remains a high‑volatility meme asset where broader market trends and sentiment drives most price moves.
@Shiba Inu $SHIB #SHIBCOIN #shib