Shibarium's Ghost Town Squeezes SHIB Price Below Critical Support

SHIB's price is clinging to $0.00000558 as Shibarium's daily transaction count remains at a record low, sitting 99.96% below its 2025 peak.

The crypto market is experiencing multiple headwinds, including rising oil prices above $105 per barrel and fresh US-Iran geopolitical friction, which has put pressure on Bitcoin to drop toward $82,000 support.

SHIB opened at roughly $0.00000558 on September 29, down approximately 2.6% in 24 hours, and its market cap sits at $3.29 billion, ranking it around the 35th-37th spot across the crypto universe.