Crypto

Shiba Inu Price Drop Wipes Out 48 Billion in Long Positions

Guavy AI Editorial Team Published August 27, 2026

Instruments

SHIB

Shiba Inu's price has been on a downward trend after briefly touching $0.000006, resulting in a 14% drop from its multi-month high.

The token is now testing key support at $0.000005, which could have significant implications for long positions and the overall crypto ecosystem.

According to CryptoRank, the price drop has wiped out 48,348,433,371 SHIB in long positions, indicating a substantial amount of liquidation.

Unifra Axes Conflux RPC Service in September 2026

Crypto 1m ago

$PONS Token Surges After KuCoin Listing

Crypto 1m ago

Flash Loans Market Set to Reach $2.3 Billion by 2036

Disclaimer: Guavy is a data and market intelligence provider, not an investment adviser. The information, signals, and market analysis provided by the Guavy API and related services are for informational purposes only and are not intended as financial advice, investment recommendations, or an endorsement of any particular trading strategy. Trading in volatile markets, including cryptocurrency, carries significant risk and may not be suitable for all investors. Past performance is not indicative of future results. Users should consult with a qualified financial professional before making any investment decisions. Guavy makes no guarantee of trading profits or financial returns.

GUAVY

Market sentiment intelligence for apps, funds & agents

Location

729 55 Ave SW
Calgary AB T2V 0G4
Canada

Navigate

Markets

Resources

Terms Privacy Policy