A Shaky Week for the Dog Army
Shiba Inu (SHIB) is limping after a rough few days. The token dropped about 20% from its recent highs, now sitting around $0.00001270. It’s not just SHIB taking hits—the whole market got a gut punch, with the S&P 500, Dow Jones, and even Bitcoin all doing synchronized swan dives. Risk-on assets? More like risk-GONE assets this week.
Burn Rate Blazes, But Price Fizzles
Oddly enough, SHIB’s burn rate is heating up—a signal bulls usually cheer. But in true meme coin fashion, price action didn’t get the memo. Despite millions of tokens being torched, SHIB continues to flinch under broader market pressure. It’s like watching someone set a pile of bills on fire and expecting their bank account to grow.
Shibarium TVL: Small But Climbing
Meanwhile, Shibarium, SHIB’s layer-2 chain, is creeping back to life. Its TVL (total value locked) hit $2.25 million, up from a recent low of $1.3 million. Not huge, but hey, it’s growth. Bone (BONE), the gas token on Shibarium, is still trying to claw its way out of mediocrity too—but it’s not moving the needle just yet.
Macro FUD and Meme Coin Blood
Let’s be real: this isn’t just about Shiba. The whole market is jittery. Bitcoin lost steam after failing to hold $89K, and that fear has trickled down like a meme gone stale. Add rising global tensions and a greedy-to-fear switch on the crypto index, and it’s no surprise meme coins are feeling the heat.
The SHIB Army Holds the Line
Despite the dip, SHIB’s community remains loud, loyal, and slightly delusional—just the way we like it. Social media is still buzzing with “buy the dip” chants and token burns being celebrated like ritual sacrifices. There’s hope that continued burning and Shibarium development could set the stage for a bounce.
But Don’t Call It a Comeback (Yet)
We’ve seen this pattern before: price dips, burn rates spike, rumors swirl, and hopium flows. But unless Shibarium can attract actual use cases—and whales stop dumping like it’s a clearance sale—this dog might just keep spinning in circles.
The Bottom Line
Shiba Inu’s fundamentals aren’t dead. There’s real tech being built and a cult-level community backing it. But right now? It’s stuck in a macro meat grinder. If the broader market chills and Shibarium gains traction, SHIB could stage a comeback. Just don’t expect it to bark overnight.
