What's Weighing on SHIB as EV2 Gaming Project Advances Through Development Stages

pvt_key_collector · 2026-01-16T11:44:20+00:00

Community frustration with Shiba Inu (SHIB) is escalating as the token faces significant selling pressure, declining over 66% this year. While the token struggles in a consolidation phase around $0.00007092, the EV2 gaming initiative progresses, aiming for a launch in 2026.

pvt_key_collector

2026-01-16 11:44:20

Abstract generation in progress

Community frustration has reached a crescendo around Shiba Inu (SHIB) as the token struggles with relentless selling pressure heading into 2026. Long-time holders have publicly voiced concerns about mounting losses, with particular focus on calls for Shytoshi Kusama, the lead developer, to provide direction as the memecoin continues its downward trajectory. This growing discontent reflects the broader struggle SHIB faces after declining over 66% year-to-date.

SHIB Trapped in Consolidation Pattern Amid Market Weakness

The current market backdrop shows SHIB trading with minimal conviction around $0.00007092, representing a 2.34% pullback within the latest 24-hour session. Earlier attempts to reclaim the $0.0000723 level failed to gain traction, with renewed selling pressure ultimately pushing quotes lower. The trading pattern reveals a series of lower highs punctuated by shallow relief bounces—a characteristic sign that buyers remain hesitant to commit capital amid weak momentum signals.

Market structure indicates neither strong accumulation nor decisive breakdown; instead, SHIB appears confined to a narrow range, suggesting consolidation dynamics rather than directional clarity. The token’s market valuation has contracted to roughly $4.17 billion, while 24-hour transaction volume stands at approximately $85.6 million, both figures highlighting reduced participation in recent sessions.

EV2 Web3 Gaming Roadmap Progresses Despite Crypto Market Uncertainty

Independent of price action, the EV2 gaming initiative continues advancing its development calendar. The project blueprint calls for early access availability during Q4 2025, followed by a phase of promotional activities spanning Q1 2026. A broader game launch coupled with a token-generation event is targeted for Q2 2026. Infrastructure planning includes PC availability through distribution channels including Steam and Epic Games, with plans for console ports at later stages of rollout.

This phased approach positions EV2 as a longer-term ecosystem development effort, occurring alongside Shytoshi Kusama’s broader vision for the Shiba Inu ecosystem, though immediate relief for current SHIB valuations remains uncertain given prevailing market conditions.

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