Shiba Inu (SHIB) has experienced a notable decline today, driven by a significant drop in overall crypto market inflows. According to crypto analyst Ali Martinez, capital inflows into the crypto market have plummeted by over 56% in the past month, indicating a slowdown in investment activity. This reduction in inflows suggests that investors are becoming more cautious, potentially leading to a consolidation phase where prices may drop. Martinez's analysis highlights that major cryptocurrencies, including Shiba Inu, often follow the trends of capital inflow, which could explain today's downward pressure on SHIB.
Adding to the uncertainty, the Shiba Inu community is currently embroiled in a debate over the prioritization of its upcoming token, TREAT, over BONE. Shiba Inu's leader, Shytoshi Kusama, has addressed concerns, emphasizing the team's commitment to the entire ecosystem. However, the focus on TREAT's launch, scheduled for tomorrow, has sparked discussions within the community, potentially affecting investor sentiment. The anticipation surrounding TREAT's listing on major exchanges like KuCoin and Bitget may have diverted attention from SHIB, contributing to its price decline.
Shiba Inu's price has fallen by 4.38% today, with the current price at $0.000021. The cryptocurrency reached a high of $0.000022 and a low of $0.000021 during the day.