Why has the price of SHIB dropped?
Brief breakdown
Shiba Inu fell by 1.08% to $0.00000661 in the last 24 hours, underperforming the overall crypto market (-2.33%). Key factors include panic in the derivatives market, a pause in token burning, and a shift towards risk aversion in a context of extreme fear.
$2.45 billion in cryptocurrency liquidations – Open interest in SHIB futures plummeted by 11% due to the liquidation of leveraged positions.
SHIB burning activity at zero – The deflationary mechanism halted after a 500% increase days earlier.
Sell signals from large investors (whales) – 41 billion SHIB were moved to exchanges, increasing selling pressure.
Risk aversion across the market – The Fear & Greed index is at "extreme fear" (18/100), the lowest level since November 2025.
