Shiba Inu’s Lucie Advises on Market Decline as SHIB Drops 18%

Shiba Inu’s marketing lead, Lucie, addressed the SHIB community amid the latest crypto market downturn, advising holders to focus on “building strong connections” rather than reacting to negative sentiment. She noted that despite numerous project announcements, the current bearish trend is dragging prices down across the board.

SHIB’s price has seen a sharp decline, dropping 18% after an initial 11% surge following former U.S. President Donald Trump’s announcement of a U.S. strategic crypto reserve. On Monday, SHIB traded at $0.00001538 but has since fallen to $0.00001272, recovering 2.37% today. Bitcoin also plummeted 10.8% from $93,633, losing nearly $10,000 in value. Market uncertainty has been fueled by Trump's tariffs on Mexico and Canada, contributing to Bitcoin’s downward trend.

Additionally, Shiba Inu’s burn rate has significantly slowed, showing a 95.44% drop. Only 707,213 SHIB have been burned since yesterday, compared to Monday’s 12.7 million SHIB burned by an anonymous whale. So far, the community and the SHIB team have collectively burned 410.7 trillion SHIB, with 584.3 trillion still in circulation. Around 4.91 trillion SHIB remain staked.

As the market remains volatile, Lucie’s message encourages the SHIB community to focus on long-term strategies rather than reacting to short-term price fluctuations.