SHIB Slides Amid Geopolitical Fears, Hits Lowest Level Since April
Shiba Inu (SHIB) fell over 3.5% on Tuesday, trading at $0.00001134, as investor anxiety spiked following heightened geopolitical rhetoric from U.S. President Donald Trump. The meme token dropped in tandem with major cryptocurrencies and traditional markets.
The move came after Trump publicly warned Iran’s Supreme Leader Ayatollah Ali Khamenei, suggesting the U.S. was prepared for direct military action and calling for Iran’s total surrender amid escalating conflict with Israel. Risk assets, including crypto, reacted sharply.
SHIB had earlier faced rejection at $0.00001230, triggering a wave of selling with over 1.2 billion tokens traded during the decline. While brief support formed around $0.00001167, bears overwhelmed buyers, pushing prices to their lowest point in more than two months.
Despite the drawdown, analysts note signs of local stabilization, with price action consolidating in a tight range and volumes starting to fade — suggesting bearish momentum may be weakening.
