The cryptocurrency market was hit by a sharp downturn, with $1.7 billion in liquidations recorded over the past 24 hours. Amid the sell-off, the Shiba Inu team addressed the market shock. Team member Lucie said the outcome was unexpected and praised those who remained resilient during the decline.
SHIB slides to its lowest level since January 2025
Shiba Inu posted a steep three-day drop, falling from $0.00001074 on November 2 to $0.00000837. According to the report, that marked the token’s lowest level since January 2025. The move highlighted the pressure across risk assets, especially in the meme-coin segment, where sentiment can shift quickly during broad market stress.
Bitcoin breaks below $100,000
The downturn was not limited to SHIB. Bitcoin fell below $100,000 for the first time in more than four months, raising concerns among some traders that the market could be heading toward another crypto winter. Still, based on the available information, it remains too early to say whether the decline represents a prolonged bearish phase or a severe short-term correction.
Overall, the latest sell-off underscores how quickly losses can accelerate in a highly leveraged market. As liquidations mount, attention is likely to return to position sizing and risk control. While the Shiba Inu team did not reveal any new fundamental developments, its public response may help reassure community members during a period of heightened volatility.