Shiba Inu price has mostly been consolidating over the last month, showing occasional spikes, particularly around mid-August. This price action suggests a potentially bearish pattern, indicating lower prices for SHIB in the longer term.
Compounding these issues, more than $90,000 donated to the Shiba Inu community by Welly has reportedly gone missing, raising concerns among investors and community members about the integrity of SHIBDAO.