Shiba Inu trades near 2026 lows, falls 13% in one month

Shiba Inu, the well-known meme cryptocurrency, is approaching its lowest price levels of 2026 as ongoing selling pressure and weakening sentiment across the cryptocurrency market weigh on the asset’s recent recovery efforts. On October 29, SHIB traded close to $0.00000484, recording a daily decline of 2.6% and a drop of 13.4% over the past month. This move pushed Shiba Inu back below the psychologically important $0.000005 threshold, heightening concerns among holders about further downside risk. During October, Shiba Inu failed to regain upward momentum after a short-lived advance toward $0.000006.