Over the past 24 hours, Shiba Inu (SHIB) has experienced a 7% decline in its price, yet it remains up approximately 25% over the past month. This short-term downturn reflects broader market pressures and internal challenges despite some positive developments in the global economic landscape.

The recent drop in SHIB's value can be attributed to several factors. A significant contributor is the Federal Reserve's recent policy announcements, which have impacted investor sentiment across financial markets. The Fed's decision to raise interest rates by 25 basis points and its cautious stance on future rate cuts have led to increased concerns about inflation, affecting speculative assets like meme coins.

Additionally, Shiba Inu faces internal challenges, including declining network activity. The number of new wallet addresses trading SHIB has decreased by 62% since January 19, hitting a year-low of 1,814 on Sunday. This decline in demand indicates reduced trader interest and could lead to further price pressures.

Despite these challenges, SHIB has shown resilience over the past month, maintaining a 25% increase in value. This suggests that, while short-term factors have impacted its price, longer-term investor interest and market dynamics may still support its value.

While Shiba Inu has faced a 7% price drop in the past 24 hours, it continues to show a 25% gain over the past month. The recent downturn is influenced by broader economic factors and internal network activity, but the overall trend indicates potential for recovery if these challenges are addressed.