Why the Shiba Inu (SHIB) Price Dip Doesn’t Mean It’s Dead

Shiba Inu (SHIB) has experienced a significant price decline, exceeding 60% from its earlier highs this year. This drop has sparked fears and led many to declare the token ‘dead’. However, an analysis by crypto analyst RuggRat suggests otherwise. He highlights a crucial point: narratives rarely capture the full picture. The sharp price fall might make SHIB look like it’s fading, but several signals reveal something more robust happening underneath.