SHIB Falls by 0.78% as Network Security Enhancements and Market Fluctuations Continue

As of November 2, 2025,

experienced a 0.78% decrease over the past 24 hours, settling at $0.00001012. This occurred even though the token saw a 0.1% gain over the last week and a 0.9% increase in the previous month. Over the last twelve months, however, SHIB has dropped by 52.22%. This downward trend reflects broader market corrections and a lack of sustained upward momentum, highlighted by SHIB’s first monthly decline in October since its inception.

The

team recently announced a significant security enhancement for the Shibarium network, designed to boost decentralization and eliminate single points of failure that may have caused instability. Shibarium is currently in the process of an RPC Migration Network upgrade, with the old endpoint scheduled to be decommissioned in two weeks. Both users and developers are advised to update their settings to the new endpoint to maintain uninterrupted service. This upgrade follows a major security breach in September, when the network was temporarily suspended after a validator key was compromised through a 4.6 million BONE delegation exploit.

Following this incident, the Plasma Bridge for BONE was reinstated, and new security measures were introduced, including a seven-day withdrawal waiting period and a blacklist feature to deter malicious actions. These improvements are intended to foster greater trust and stability within the ecosystem.

Technical analysis for the backtest utilized moving averages and the relative strength index (RSI) to evaluate short-term price swings and the strength of trends. These indicators help pinpoint potential reversal zones and determine if SHIB is currently overbought or oversold. For example, the RSI has hovered near the midpoint, while the 200-day moving average remains a crucial support level. Such metrics are essential for analyzing SHIB’s price trends amid network upgrades and shifting market dynamics.

Backtest Hypothesis

A backtest was conducted to analyze how the recent Shibarium RPC migration and associated security improvements affected SHIB’s price. However, the process was halted due to a “division by zero” error, which usually happens when price data for a specific event date is missing or recorded as zero. The most likely explanation is that the first month in the event timeline (probably January 2022) does not have a valid closing price from the previous month, resulting in a division by zero during the return calculation.

It’s also possible that one or two following months have zero closing prices, further complicating the analysis. To address this, the event timeline can be revised to include only those months that meet certain requirements: the monthly close must show at least a 10% decrease from the previous month, and the previous month’s close must be above zero. This approach would automatically filter out problematic months like January 2022 and any others with invalid data. After cleaning the data, the backtest can be rerun to better understand how these upgrades have influenced SHIB’s price movements.