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The price of Shiba Inu has been moving near the psychologically significant $0.000010 level in recent days due to strong selling pressure. SHIB is demonstrating unexpected resilience in the face of the market's continuous volatility, remaining stable at around $0.0000113 as of press time.

The Shiba Inu (SHIB) community witnessed an explosive spike in its burn rate, which surged by an astonishing 2,060,231% in the past 24 hours, according to data from Shibburn. Despite the dramatic percentage increase, only 13,392,153 SHIB tokens were actually destroyedan amount that remains relatively modest given SHIBs massive supply.

Shiba Inu whales remain indecisive as Shibarium's staggering new record can't prevent Black Monday's steep price drop.

The SHIB burn rate has demonstrated an astounding surge, reaching a seven-digit figure since last morning. Still, the amount of meme coins that got burned is not a mind-blowing one, despite the high growth figure.

The weekend's drop continues on the cryptocurrency market, according to CoinStats.

Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB) are down 5% and 2% respectively as traders cling on to strong fundamental data to deliver a turnaround in the medium term. Cryptocurrency Price Market Cap 24-Hour Trend 7-Day Trend Dogecoin (CRYPTO: DOGE) $0.1526 $21.6 billion -5.3% -10.7% Shiba Inu (CRYPTO: SHIB) $0.00001128 $6.65 billion -2.2% -6.9% Pepe (CRYPTO: PEPE) $0.056447 $2.7 billion -4.4% -8% Trader Notes: Trader Tardigrade encouraged resilience, saying, "The harder the battle, the sweeter the victory," as Dogecoin retests a key support level from its previous consolidation zone.

The price of the meme coin tanked to its lowest mark in over a year.

Shiba Inu (SHIB) is currently trading at approximately $0.00001210, down 1.94% in the past 24 hours. The popular meme coin remains under pressure, hovering near a critical support level at $0.000011.

Shiba Inu price has plunged alongside the broader crypto market, with a staggering 10% decline in the last 24 hours. The recent downturn has pushed SHIB to its lowest level since February 2024, despite heightened activity on Shibarium after transactions rose to 1 billion.

During the most recent market downturn, Shiba Inu has suffered greatly, and the data presents a depressing picture: only 5% of SHIB holders are currently making money. Investor sentiment is rapidly deteriorating as the meme coin trades around $0.0000107, and the charts do not provide much short-term respite.

The crypto market has crashed, leading to a $1.5 trillion wipeout, with the total market cap of all coins plunging to $2.37 trillion. Bitcoin dived to $75,000, while Ethereum plunged to $1,445.

More depreciation for SHIB. Maybe, but it might not be all bad news for traders.

Amid ongoing market uncertainty, Shiba Inu continues to inspire confidence in its community. Lucie, a prominent team member, recently shared an uplifting message on social media, urging the SHIB army to remain focused on the projects ambitious roadmap.

After months of steep decline, Shiba Inu flipped green, with a 5.5% gain in the past week. This rising trend has pushed its price above the $0.000013 mark. However, uncertainty tempers the recent excitement.

Though technical and macroeconomic pressures are starting to build, Bitcoin has been maintaining key levels. After several unsuccessful attempts to break above the 200 EMA, which is located around $85,344, Bitcoin is currently exhibiting signs of weakness at $82,870.

The price of Shiba Inu (SHIB) continues to move between the support at $0.00001100 and the high at $0.00001500.

Amid the current market uncertainty, Shiba Inu team member Lucie has stepped forward to remind the community of the exciting road ahead.

Despite market uncertainty as memecoin's struggle, Shiba Inu long-term holders remain optimistic.

The SHIB burn rate has plummeted sharply, according to Shibburn, a platform tracking Shiba Inu (SHIB) token burns on Etherscan. Over the past 24 hours, SHIB burn volume fell by 42.07%, with only 21.6 million SHIB transferred to dead wallets and permanently removed from circulation.

Shiba Inu (SHIB) has shown resilience amid ongoing market volatility in Q1. Despite challenges in maintaining key support levels, SHIB surged 2.45% in the last 24 hours, trading at $0.00001233.

Shibarium, the Ethereum-based Layer-2 scaling solution within the Shiba Inu ecosystem, has surpassed 10 million blocks and is quickly approaching the 10.5 million mark. With a current count of 10,306,430 blocks, and adding one block every five seconds, Shibarium is on track to reach the milestone before April ends.

Behind the overwhelming losses of SHIB wallets, the infrastructure still roars. Between discouragement and rumors of resurgence, the ecosystem slowly burns, ready to reignite the speculative flames.

Coincodex, a Machine Learning (ML) algorithm, has shared a bullish prediction for the Shiba Inu price in April. Despite being in a prolonged downtrend, CoinCodex boldly forecasts that Shiba Inu can rise by over 96.54% in a few days.

Data shared by the public Shibburn blockchain tracking platform, which traces SHIB burn transactions on Etherscan, and then accumulates that data on its website, has reported that the level of daily SHIB burns has shown a major plummet.