Just checked the SHIB charts and it's rough out there. The coin tanked from that March 2024 peak of $0.00004565 all the way down to basically nothing - we're talking an 87% collapse. Market cap went from $41 billion to around $3.7 billion. The shiba inu kosten has become a cautionary tale for anyone who bought near the top.

What's wild is the futures market telling the story. Open interest crashed from over $400 million down to $61 million, and funding rates have been negative since February - meaning shorts are running the show. Traders betting on further downside, which just adds more pressure.

Maybe the most telling part? The burn mechanism basically died. Thursday saw only 483 tokens burned - less than a dollar worth. This used to be the whole deflationary narrative, but it's gone. Shibarium, their layer-2 solution, is also struggling with just $856K locked in. Without these catalysts, shiba inu kosten recovery looks pretty distant right now.