Shiba Inu (SHIB), a standout in the meme coin arena, has witnessed a dramatic decline against Bitcoin (BTC), plunging 90%. This unprecedented drop marks its lowest point recorded since October 2021, as per long-term monthly data. Many traders are now left pondering if this dip suggests a buying opportunity or a sign of further declines. Meme coins often exhibit extreme volatility, and SHIB’s recent performance raises familiar questions. Will SHIB rebound and regain lost ground, or is it on the verge of an extended downturn? Investors need to thoroughly assess their strategies in light of these developments in the meme coin sector.