Shiba Inu (SHIB) Daily Market Analysis 28 February 2026

SHIB shows mixed signals amid volatility – here's the latest: • Price dropped 6% today, trading near $0.000006, down 87% from its March 2024 peak • Whale moved 65 billion SHIB after months of silence, while 549 billion SHIB flowed to exchanges this week • Ecosystem developments include a new NFT system, DAO overhaul, and a major FHE privacy upgrade slated for Q2 2026 • Burn rate spiked 276,545% on 12 February 2026, but impact on massive supply remains minimal • Derivatives show weakness with open interest falling to ~$61M and persistently negative funding rates