SHIB Team Speaks As SHIB BONE And LEASH Prices Hit Multi-Month Lows

TLDR

Table of Contents

SHIB dropped 14.87% in November and is heading for its fourth straight monthly decline.
SHIB traded at $0.000008523, gaining 8% weekly after hitting a November low.
BONE recorded only one green month in 2025, rising 18.5% in March.
A rebase flaw in LEASH led to the launch of LEASH v2 to preserve fixed supply claims.

The Shiba Inu ecosystem has seen reduced activity and prolonged price weakness, with SHIB, BONE, and LEASH all trading near yearly lows. A Shiba Inu executive has commented publicly on the current situation, calling attention to previous market patterns that suggest a potential shift ahead.

Prolonged Weakness in SHIB, BONE, and LEASH

SHIB has been under pressure throughout 2025, closing green in only two months this year. November has added to the downtrend with a 14.87% monthly loss. As of November 30, SHIB was priced at $0.000008523, gaining 8% over the past week after hitting a low of $0.00000754 on November 21.

This recent uptick came after SHIB reached its highest level in December 2024 at $0.00003324. Since then, the token has faced continuous monthly losses except for April and July, when it gained 6.87% and 9.02%, respectively.

BONE, the gas token of the Shibarium network, has performed even more weakly. It recorded only one positive month in 2025, in March, when it rose 18.5%. Other months have closed with negative returns, reflecting the general downtrend in the broader crypto market.

Quiet Market and Macroeconomic Pressure

The broader cryptocurrency market has also faced challenges, with October’s market-wide sell-off erasing over $1 trillion in value. This contributed to forced liquidations and declining confidence. Bitcoin posted its worst monthly return since 2022, indicating stress across all major tokens.

The relative calm across markets is largely tied to macroeconomic uncertainty. Fluctuating expectations about a potential Federal Reserve rate cut have led to cautious investor behavior. Retail activity has cooled, and digital assets are seeing reduced trading volumes compared to previous years.

Executive Comments on Recovery Possibility

Shiba Inu team member Lucie addressed the prolonged calm in the Shiba Inu ecosystem. “When misfortune reaches its limit, good fortune begins,” Lucie said, adding that “even the darkest periods eventually turn.”

Lucie’s remarks suggest optimism while acknowledging the current downtrend. Historical data supports the possibility of price reversals after extended declines. In March 2024, SHIB rose by 144% following a prolonged negative trend, which some in the community now view as a hopeful pattern.

LEASH v2 and Supply Fix

Earlier in the year, a rebase flaw was discovered in the LEASH token. This flaw allowed supply changes, undermining its fixed-supply model. In response, the Shiba Inu team announced the development of LEASH v2, which aims to fix the issue permanently.

The migration to LEASH v2 is expected to restore trust in the token. The fixed-supply narrative is essential for LEASH’s utility within the Shiba Inu ecosystem, and the rebase flaw had led to confusion among holders and developers.

Market Outlook and Investor Focus

While SHIB has shown a small recovery in recent days, it remains far from its 2024 highs. Traders are watching for signs of a broader rally. Market sentiment continues to be shaped by external factors, and without stronger participation, any recovery may remain limited in scope.

Investors will also monitor upcoming developments in Shibarium, as usage of BONE for transaction fees may provide some demand support. As for LEASH, the success of the migration to version 2 may influence short-term activity and price action.

Shiba Inu’s community and developers remain engaged. However, the next phase for SHIB, BONE, and LEASH may depend more on overall market direction and investor sentiment than internal news alone.