The current price of Shiba Inu today is $0.000012 USD, with a 24-hour trading volume of $497,836,915 USD! Shiba Inu is down 3.26% in the last 24 hours, with a CoinMarketCap ranking standing at #15. Shiba Inu's market cap is worth $6,560,338,770 USD, with a circulating supply of 549,063,278,876,302 SHIB coins Shiba Price Stats Source: Coinmarketcap!
The price of SHIBA slumped overnight, until Shibarium comes out and extends the use cases for this currency, it's going to be hard for the price to gain traction. The latest news is that Ethereum whales have been staking up a lot of Shiba Inu during the stablecoin collapse. ETH whales bought up over 1 billion USD worth in the last week, so that is what seemingly stopped the huge plunges for now. Source: Whales don't become whales without being really smart traders and investors, could this be a sign that SHIB's forming a bottom? It's possible, however Shiba Inu is still a very volatile "Meme Coin", so without any significant use cases popping up from a Shibarium launch (hopefully in the fall), this coin will remain in the bargain bin for some time.
Overall, SHIB is starting to look a little bit better on this discount, the downside risk from here is most likely only another 50%, so it may be time to start buying the final dips this summer, if you are a firm believer in Shiba Inu.
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