Slides 5% Despite Token Burn as BTC Trades Below 200-day Average
SHIB$0.0₅9179, the world’s second-largest meme token by market value, has dropped over 5% in 24 hours, taking cues from the risk-off mood in the broader market characterized by bitcoin’s drop below its 200-day simple moving average. SHIB has dropped to $0.00000951 from $0.00001018, closing on key support zone, which marked downside exhaustion through October. BTC,…