Shiba Inu, known as a popular meme coin, has experienced a notable price dip following a market correction. The decline in value has caused concern among its investors and enthusiasts. This downturn is part of a broader trend impacting many cryptocurrencies, including major ones like BTC and ETH, as well as other altcoins. Despite efforts to increase the burn rate and significant whale activity, Shiba Inu's price continues to face volatility.