Crypto
Shiba Inu Price Drops as Network Activity Lags Behind
Shiba Inu (SHIB) is trading at $0.000006, down 6.98% on the day and near session lows.
The token remains below its key moving averages, highlighting increased short-term pressure.
A significant inflow of 191 billion SHIB into exchanges over the past day has expanded available supply and may heighten near-term selling pressure.
Network activity on Shibarium remains below prior highs, with only 53% of blocks indexed to date.