Shiba Inu is trading 70% below its December 2025 high. This decline has pushed the coin’s market cap down to $6,9 billion.
At the same time, the price Shiba Inu, will most likely continue to decline, since the token’s fundamental indicators are quite pessimistic.
This week, the number of SHIB tokens listed on exchanges began to grow. There are currently 276 trillion tokens listed there, up from 275 trillion on Sunday. This means investors are selling their coins. For example, whales currently hold approximately 91,96 billion memecoins, up from 213 billion at the start of this week.
Shibarium activity has also declined over the past few months. The total value locked is currently only $865,000, down 50% from a month ago. This decline accelerated following the recent ShibaSwap hack.
The rate of token burning has also decreased Shiba InuFor example, only 571,347 SHIB were burned on Wednesday. One reason for this is that the Shibarium network is unprofitable.
SHIB’s price has been in a downward trend this year. It has now formed a descending triangle, the bottom of which is at $0,00001052, the lowest point in April and June of this year. The top of the triangle connects the highest fluctuations since February.
Price Shiba Inu confirmed this pattern during the cryptocurrency market crash. Now, it has formed a breakout and retest pattern, returning to the bottom of the triangle. Therefore, memecoin is likely to resume its downtrend and reach a low of $0,0000060.