Shiba Inu (SHIB) remained under pressure on Tuesday, extending its decline for a fourth consecutive trading session as weakening investor sentiment and bearish derivatives positioning weighed on the meme coin. The token slipped below $0.0000042, with on-chain metrics, futures market data, and broader market uncertainty pointing to the possibility of further downside. Investor interest in SHIB continues to fade On-chain data suggests enthusiasm for Shiba Inu has cooled significantly in recent days. According to blockchain analytics platform Santiment, SHIB’s Social Dominance metric—which measures the share of discussions related to the token across cryptocurrency media and social platforms—has dropped sharply since reaching a local peak on July 12. The indicator has fallen to 0.
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