Shiba Inu Team Hints at Recovery, Says SHIB and BONE ‘Hold Promise of Rising Again’

Following the recent market dip that severely impacted Shiba Inu token prices, the team reassured the community that both BONE and SHIB are poised to rise again.
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Shiba Inu
Shiba Inu

Key Points

Shiba Inu team suggests that both SHIB and BONE are poised for a comeback after the recent market slump,
The broader market downturn saw SHIB dropped from $0.000012 to a multi-year low of $0.000007448, while BONE plunged from $0.13 to a record low of $0.088
SHIB and BONE are showing signs of recovery but are still far from reclaiming their previous ATHs.

In a recent optimistic message, the team behind the Shiba Inu ecosystem hinted that both SHIB and BONE are poised to recover from the recent market downturn. Shiba Inu’s Marketing Specialist Lucie reassured the community of a potential rebound following the recent market turmoil that sent SHIB and BONE prices tumbling. 

In her post, she wrote, “Every rise carries a fall within it, and every fall holds the promise of rising again.” The message was accompanied by an image featuring the SHIB and BONE logos, clearly indicating that her remarks referred to both tokens. 

SHIB and BONE Crash Heavily 

The post comes in the aftermath of a sharp crypto market decline on October 10, triggered by U.S. President Donald Trump’s decision to impose a 100% tariff on goods imported from China. 

The decision sparked tension across the broader crypto market, triggering the largest liquidation event in recent history, with over $19 billion worth of leveraged positions wiped out in one day. Shiba Inu’s ecosystem tokens were not spared, suffering steep declines amid the broader market sell-off.

During the downturn, SHIB plummeted from around $0.000012 to a multi-year low of $0.000007448, while BONE crashed from approximately $0.13 to $0.088, setting a new all-time low for the governance token. 

Prices Rebound 

However, both assets have shown signs of life since the initial crash. At press time, SHIB had rebounded to $0.00001065, and BONE had recovered to $0.12070. Despite this slight rebound, both tokens remain significantly below their all-time highs (ATH). Specifically, SHIB is still down 87.94% from its peak of $0.00008845, while BONE is a staggering 99.71% below its former high of $41.67.

The team’s message seems to serve as a reminder of resilience and long-term perspective, emphasizing that the project and its community remain steadfast despite the market’s volatility. 

While recovery to previous highs may take time, the team’s statement reinforces confidence that both SHIB and BONE could eventually rise again as market conditions stabilize. 

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Extreme Fear

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SHIB
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