• The Shiba Inu ($SHIB) price has dropped 9% from Thursday’s high, with the token trading around the $0.00000765 level.
• The Wall Street Memes ($WSM) presale has now raked in an incredible $11 million, reflecting investors’ appetite for community-backed meme coins.
• Market sentiment has turned cautious, with $SHIB holders hoping for a catalyst to swing the token’s price in either direction.

Shiba Inu Price Drop

The Shiba Inu ($SHIB) price has dropped 9% from Thursday’s high, with the token trading around the $0.00000765 level. Its sharp drop has led to questions about its future—many wondering whether its price potential is dead in the water.

Wall Street Memes Presale Raises Funds

The Wall Street Memes ($WSM) presale has now raked in an incredible $11 million, reflecting investors’ appetite for community-backed meme coins.

Market Sentiment Turned Cautious

Market sentiment has turned cautious, with $SHIB holders hoping for a catalyst to swing the token’s price in either direction. Price is currently stuck between 20-day and 50-day Exponential Moving Averages (EMAs), without a clear directional bias present.

Shibarium Development Provides Hope

Amid this uncertainty, many meme coin enthusiasts are debating whether ongoing volatility is “the new normal” for Shiba Inu—but Shibarium development provides a beacon of hope for holders of the token. With its team working on projects such as decentralized exchanges and bridge protocols, there is still potential for SHIB to make big gains before long.

Conclusion

It remains to be seen whether Shiba Inu will be able to recover from its recent losses and break out past its EMAs once again—only time will tell whether it can regain investor confidence and post more gains in coming weeks or months!