Shiba Inu Drop 40% as Remittix Dey Drive Demand for Utility Token
Shiba Inu (SHIB) don fall about 40% for di past one month, e don slide reach low level wey dey near $0.00001. Di decline follow 60% rally wey happen earlier for 2025 as traders dey move from meme coins go utility tokens. Remittix (RTX) dey lead dis movement. Di PayFi project don raise $27.4 million for im presale and get 40,000 holders. E dey offer low-fee, instant crypto-to-fiat payments for over 30 currencies and e get certified security through CertiK. Dem rank Remittix #1 for DefiPad Pre-Launch leaderboard, and dem plan to list am for BitMart and LBank, plus dem get $250,000 giveaway and 15% USDT referral program. Analysts see di move from Shiba Inu go utility tokens like Remittix as sign say market dey mature, dem believe say e still go pressure SHIB and good chances dey for projects wey get real world use. Traders fit see di current Shiba Inu pullback as chance to buy for long-term positions while dem fit check how utility token demand dey grow.
Bearish
Shiba Inu don drop 40% show say capital dey shift away from speculative meme coins go utility-driven projects like Remittix. For short term, this kind outflow dey cause more selling pressure for SHIB, wey make price drop worse. For long term, traders wey dey prefer tokens wey get real-world use fit make Shiba Inu recovery slow unless the project add new fonksiyon. So, the news dey show bearish outlook for SHIB as investor interest dey shift and market liquidity dey favor utility tokens.