Shiba Inu’s Wild Ride: $10.6 Billion Vanishes in 24 Hours! 🐶💨

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Shiba Inu’s Latest Circus Act: From Dog Days to Dollar Dips! 🐕💸

Shiba Inu meme dog looking confused

Well, well, well. Looks like Shiba Inu (SHIB) decided to throw a tantrum and crash its own party. In just 24 hours, the meme coin’s trading volume took a nosedive, leaving investors wondering if their digital puppy was just having a nap or actually buried underground. After tumbling past the $0.000013 milestone, SHIB has been bouncing around like a kangaroo on a pogo stick, despite its fans shouting, “Buy the dip!” at their screens.

Shiba Inu volume crashes harder than your diet in January

According to CoinMarketCap – the oracle of all things chaotic in crypto – SHIB’s trading volume shrank by 12.3%, down to a measly $135.73 million. That’s right, a staggering 10,620,000,000 SHIB tokens did a disappearing act faster than your paycheck after rent. It’s one of the steepest drops among altcoins, proving once again that cryptocurrencies are just as reliable as your ex’s promises.

Price-wise, SHIB wasn’t about to go quietly. It dipped to a low of $0.00001272, as if expecting a dramatic soap opera cliffhanger, before recovering slightly to $0.00001283 — a tiny 0.43% rise, probably for photo ops. Meanwhile, the meme coin’s massive whale-sized holdings are probably holding a secret party with some cash in hand, just waiting to sell-off when no one’s looking.

And let’s not forget the burn mechanism—think of it as the coin’s way of throwing away its last socks. Over the past day, it’s burned just 16,457,713 SHIB tokens, down a hefty 20.64%. Looks like the coin is on a diet that no one signed up for, and the supply is just sticking around to annoy us.

June’s red streak and the oh-so-bright future of 2025

As our friends at U.Today have reported, June is basically the “Horrible Month” for SHIB. It’s never finished June in the green, and this year is no different. All signs point to a month that’s as cheerful as a Monday morning—minus the coffee.

Technical charts are about as encouraging as a root canal. Most metrics are in the red, shouting “Bear market” louder than a 3 a.m. karaoke session. But don’t worry, crypto traders are still clutching onto that glimmer of hope—the “Maybe 2025 will be better” plan. Because when in doubt, blame it on the next decade.

All in all, SHIB continues to play the volatile, unpredictable puppy everyone loves to watch—whether for its antics or our sanity. Stay tuned, folks. The crypto soap opera never takes a holiday. 🐶💥

Cryptocurrency trader looking confused

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2025-06-02 13:15