📉 Shiba Inu Price Plunge Sends Over 11 Trillion SHIB Tokens Into Loss

June 6, 2025 – Binance News Desk

The Shiba Inu (SHIB) token has taken a sharp turn downward, with its price dropping by 10% over the past week. This recent dip has mirrored a broader downturn among meme tokens and has now pushed approximately 10.97 trillion SHIB tokens into loss territory.

📊 According to on-chain analytics, the drop in SHIB’s value has significantly affected daily transaction volumes and investor sentiment. In particular, the Age Consumed Metric, which tracks the movement of older coins, has spiked to its highest level since March—signaling renewed investor movement amid market volatility.

As of press time, SHIB is trading at $0.0000129, with a daily trading volume of $142 million as reported by CoinMarketCap. In the last 24 hours, the token saw price swings between a low of $0.0000127 and a high of $0.0000130.

📉 SHIB now trades 85% below its all-time high, raising concerns for short-term holders but potentially offering opportunities for long-term believers in the meme coin ecosystem.

🔍 Stay tuned to Binance News for more real-time updates on SHIB and other top crypto assets.