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Shiba Inu price continues to extend its losses today, July 30. It trades at $0.00001266 with a 4.95% decline in 24 hours.

Shiba Inu's burn rate surged 6,500% before dropping, while SHIB price dipped 7.5%. Analysts say long-term fundamentals remain strong despite volatility.

Shiba Inu’s SHIB tokens surged to $0.000029 during Asian trading hours from the $0.000022 level on Sunday evening, a surge of over 24%, while Dogecoin’s DOGE jumped to $0.169 from $0.145.