Shiba Inu’s price remains pressured despite positive fundamentals like increased token burns and decreased exchange balances, reflecting broader market weakness.
Shiba Inu (SHIB) continues to trade near its yearly low as the overall cryptocurrency market experiences a pullback. Despite notable fundamentals, including a rising burn rate and declining token balances on exchanges, the Ethereum-based meme coin struggles to gain upward momentum. Market sentiment remains subdued, keeping prices under pressure.