- Shiba Inu (SHIB) faced a sharp price drop over the weekend due to escalating geopolitical tensions but quickly rebounded as the team reaffirmed its long-term vision.
- Project lead Lucie urged the community to stay committed, emphasizing that short-term dips do not define SHIB’s future potential.
Shiba Inu experienced a sharp decline over the weekend. As of the time of press, the meme-inspired cryptocurrency is still trading on the negative amid high geopolitical tensions.
Despite the drop in price, Shiba Inu team has reaffirmed its unwavering long-term vision, urging the community to remain focused and avoid panic.
Geopolitical Tensions Shake Global Markets
The market turmoil was sparked by a dramatic geopolitical escalation. Former U.S. President Donald Trump announced that American forces had dismantled three nuclear facilities in Iran, following threats from Iran’s Supreme Leader amid rising conflict with Israel. The announcement sent shockwaves through global markets, particularly impacting risk assets like cryptocurrencies.
The crypto market responded with widespread selloffs, with major tokens such as XRP losing key support levels. Shiba Inu was not spared, as risk-averse traders rushed to secure profits and reduce exposure during the uncertain environment.
Shiba Inu Leadership Calls for Calm
In the wake of the price dip, Shiba Inu’s marketing and communications lead, Lucie took to the x platform addressing the community reasssuring the Shib Army and realign focus on SHIB’s broader goals.
If we haven’t won yet, it’s because it’s not over,
Lucie stated, emphasizing that short-term price fluctuations should not overshadow the project’s vision for future growth and utility.
SHIB Touches Lowest Level Since February 2024
Shiba Inu’s market value took the Shiba Inu community by suprise after the token briefly touched the $0.00001010. Notably, this is ts lowest point since February 2024. Although the token’s has since rebounded slightly to around $0.00001167, the drop sparked a fresh wave of investor apprehension among investors.
Further compounding bearish sentiment was the news of a major security breach at Nobitex, Iran’s largest crypto exchange, where over $90 million in digital assets were reportedly stolen or destroyed.
Vision for the Future Still Strong
Despite the setbacks, optimism within the Shiba Inu ecosystem persists. Lucie has previously discussed long-term aspirations for SHIB, including speculative milestones such as $0.01 or even $1. However, she has consistently reminded followers that such targets are aspirational and will require time, innovation, and broad adoption.
With a weekly decline of just below 1%, SHIB appears to be stabilizing after the initial shock. While geopolitical risks continue to loom, the Shiba Inu team’s steady communication and community engagement offer a source of strength as the project continues to evolve.