Shiba Inu coin, a popular memecoin, is experiencing a price downturn and shows signs of sustained negative growth. The coin's daily transactions on Shibarium, its layer-2 blockchain network, have significantly dropped, raising concerns about its future. The Shiba Inu burn mechanism, which reduces the token's circulating supply, has also slowed down. The rise and fall of the LIBRA memecoin has had a negative impact on Shiba Inu and other volatile memecoins. The current situation of Shiba Inu is uncertain, and investors are monitoring trends to see what will happen next.



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