币界网报道：Shiba Inu (SHIB) has extended its bearish trend, dropping 1.35% in the last 24 hours amid broader market declines. The meme coin is currently trading at $0.000007, reflecting a 7% weekly loss and a 30% monthly decline. Analysts attribute the downturn to reduced investor interest in speculative assets and profit-taking after recent rallies. Despite the slump, SHIB remains the 17th-largest cryptocurrency by market cap at $4.1 billion. The token's trading volume has decreased by 15% to $98 million, signaling weakening momentum. Market observers note SHIB's performance continues to mirror broader altcoin trends, with many meme coins facing similar pressures. Some traders anticipate potential short-term rebounds but caution that sustained recovery would require renewed retail investor participation and positive market sentiment. The project's development team recently hinted at upcoming ecosystem updates, though details remain undisclosed.