Shiba Inu Stumbles: 25.74 Trillion SHIB Stuck as Market Takes a Hit.
The #cryptocurrency market is facing renewed pressure, with investors navigating a challenging landscape marked by macroeconomic uncertainty and widespread profit-taking. Among the most impacted is Shiba Inu (SHIB), a popular meme coin that has seen a significant pullback in recent days.
According to data shared by U.Today, an eye-popping 25.74 trillion SHIB tokens are currently stuck as selling pressure mounts. Over the past 24 hours alone, the crypto market witnessed $298 million in liquidations, underscoring the scale of the downturn.
SHIB is down 5.81%, trading at $0.0000142, after peaking at $0.00001764 on May 12. The decline began early in the week and has only accelerated, with SHIB posting five out of the last six days in the red. The drop has been largely attributed to broader market sentiment, where fears over inflation, interest rate decisions, and a cautious risk appetite among investors have triggered widespread sell-offs.
Despite the temporary setback, Shiba Inu continues to hold a dedicated community and active development team, with ongoing projects in decentralized finance (DeFi), metaverse initiatives, and layer-2 scaling solutions like #Shibarium . These long-term efforts may provide support and resilience once market conditions stabilize.
For now, however, holders of SHIB—especially those who entered during the recent highs—are watching closely, hoping for signs of recovery in a market that remains on edge.
Conclusion
The current dip in SHIB reflects a larger story unfolding across the crypto landscape. While corrections are natural in volatile markets, the sheer volume of SHIB currently trapped underscores how critical it is for traders to manage risk and stay informed. As always, the coming days will be vital in determining whether this is a brief stumble—or a deeper correction in the meme coin's journey.
