News 
April 7, 2025 
4 min. 
Shiba Inu price slipped into negative territory as the broader crypto market faced one of its sharpest single-day declines. Growing macroeconomic uncertainty—fueled by former President Trump’s proposed tariff measures—pushed SHIB down to levels not seen since February 2024. Despite a surge in Shibarium network activity, the token was unable to escape the downward pressure.
Shiba Inu Price Hits 13-Month Low Amid Investor Panic
At the time of writing, Shiba Inu price is trading at $0.00001142, having dipped as low as $0.0000104 — marking its lowest point in over 13 months. The sharp selloff comes as traders react to escalating global tensions, sparked by former President Trump’s “Liberation Day” tariffs. China’s swift retaliation with 34% tariffs only deepened investor anxiety, prompting widespread dumping of SHIB.
The pressure is clearly reflected in market data. SHIB’s open interest has dropped dramatically, falling by $454 million from a mid-January high of $542 million — a clear signal of waning bullish sentiment and growing bearish control.
Additionally, funding rates have turned negative, revealing that short-sellers are now dominating the market narrative. This shift points to a grim short-term outlook, with traders betting on further downside as the broader crypto market wrestles with macroeconomic uncertainty.
Shibarium Surpasses 1 Billion Transactions Amid SHIB Price Slump
Despite the recent downturn in Shiba Inu price, the project’s layer-2 solution, Shibarium, continues to post impressive growth. The network has officially crossed the 1 billion transaction mark — a major milestone that highlights the increasing adoption and utility of the Shiba Inu ecosystem.
Since its inception, Shibarium has successfully processed over 10.3 million blocks, with current daily transactions averaging around 4.4 million. This sustained activity places Shibarium among the most rapidly expanding layer-2 platforms built on the Ethereum blockchain.
Shiba Inu Price Eyes Drop to $0.000009 as Bearish Signals Strengthen
Hopes for a SHIB surge toward $0.0001 may be fading fast, as the current market structure suggests the next major move could be a drop to $0.000009.
On the weekly chart, Shiba Inu price continues to slide within a descending parallel channel — a classic bearish pattern that signals rising selling pressure. This pattern reflects a steady downtrend, increasing the likelihood of a deeper correction.
Technical indicators are reinforcing the bearish outlook. The Relative Strength Index (RSI) has slipped to 35, forming a series of lower lows — a clear sign of growing sell-side momentum. Meanwhile, the MACD remains in negative territory, pointing to sustained downward pressure.
Adding to the concerns, SHIB recently plunged to a 13-month low, even as the Shibarium network hit a major milestone with over 1 billion transactions processed. The sell-off appears to be driven by broader market fears, as traders react to economic uncertainty following President Trump’s new tariff measures, which have rattled risk assets across the board.
Unless market sentiment shifts, Shiba Inu may be on track to retest the $0.000009 support level in the coming weeks.
