SHIB price fell 7% in 24 hours but remained 25% up over the past month

SHIB dropped sharply by 6.4% over 24 hours, falling from $0.0000159 to $0.0000149, with trading volume jumping to 1.43 trillion SHIB at the peak. This price action shows a clear downtrend with successively lower highs, breaking through several support levels

The most likely cause is that the US and China have announced a significant reduction in tariffs: the US is lowering them from 145% to 30%, and China — from 125% to 10% for the next 90 days, which will ease tensions in global trade

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