Usman Salis
Shiba Inu (SHIB) just dropped over 2% in a day, and now everyone's asking if this meme coin might actually lose another zero from its price.
SHIB Gets Hit Hard as Markets Go Crazy
Things aren't looking great for Shiba Inu right now. The popular dog coin is sitting at $0.00001259 after taking a pretty nasty 2.68% hit in just 24 hours. But here's the weird part - while the price is tanking, people are actually trading it like crazy. We're talking about an 89.07% jump in trading volume, hitting $271.45 million. That's a lot of action for a coin that's supposedly struggling.
So what's got everyone worried? Well, if SHIB keeps sliding down, it might actually add another zero to its price. That means it would have to crash below the $0.000010 mark - and trust me, nobody wants to see that happen. The last time Shiba Inu hit rock bottom like that was back in February 2024, when it dropped all the way down to $0.000009738. That was rough, and most holders probably don't want to relive those days.
SHIB's Safety Net Might Actually Hold Up
But before we start panicking, let's look at the bigger picture. Even though things seem scary right now, there are actually some good reasons why SHIB probably won't lose another zero. Remember when it tested these same scary levels back in April 2025? Yeah, it bounced back pretty nicely, thanks to some solid developments in the Shiba ecosystem.
Here's something most people don't think about enough - SHIB basically follows Bitcoin around like a loyal puppy. When Bitcoin goes up, SHIB usually tags along for the ride. Sure, Bitcoin's going through some rough patches right now, but it's still in what traders call "price discovery mode." That's fancy talk for "it's figuring out how high it can go." Most investors are still pretty optimistic that Bitcoin's going to break out soon, and when that happens, it usually drags the whole crypto market up with it - including our beloved SHIB.
SHIB Holders Aren't Giving Up Just Yet
Despite all the doom and gloom, SHIB holders are actually showing some serious backbone right now. Get this - open interest just flipped positive and jumped 2.03%. That means people are doubling down and betting big on SHIB making a comeback. When traders put their money where their mouth is like that, it usually means they see something the rest of us might be missing.
But here's the thing that's got everyone a bit nervous - June has historically been a terrible month for SHIB. Like, really terrible. The coin hasn't had a green June in forever, which is making some people sweat bullets right about now. It's like there's some kind of curse on this month for Shiba Inu. But you know what they say about patterns in crypto - they're made to be broken, and this market loves to surprise everyone when they least expect it.
Looking at everything that's happening right now, it's honestly pretty wild. You've got declining prices but massive trading volume, worried investors but positive open interest, and historical patterns fighting against current market dynamics. It's like watching a soap opera unfold in real time. While nobody can predict exactly what's going to happen next, the odds of SHIB actually adding another zero seem pretty low when you consider all these moving pieces. The crypto market is unpredictable as hell, but sometimes that unpredictability works in favor of the underdogs - and SHIB has always been the ultimate underdog story.
Usman Salis
