The official Shiba Inu team sent a message to the community via X, highlighting the importance of memes and their utility. The market remains under strong fear, with the Fear and Greed Index at 12/100 and very limited liquidity in altcoins.
SHIB hit lows of $0.0000071 last Friday, levels not seen since October 2023, and has slightly recovered to $0.000007998 (+0.94% in 24 hours). Token burns rose 1,087% in the past 24 hours, removing 15,970,661 tokens, while transactions on Shibarium increased 114% over the last five days, from 1,850 to 3,960.
The SHIB price climbed from $0.00000756 to an intraday high of $0.00000814. Bitcoin’s performance will be key to driving a broader rebound, especially if it surpasses $90,000. In December, Coinbase will launch SHIB perpetual futures in the U.S. on December 12 and enable 24/7 trading for all altcoin monthly futures starting December 5.
Source: https://x.com/Shibtoken/status/1992953396975079710
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