SHIB Drops 0.78% Amid Network Security Upgrades and Market Volatility

On NOV 2 2025, SHIB dropped by 0.78% within 24 hours to reach $0.00001012, despite rising 0.1% within 7 days and 0.9% within 1 month. Over the past year, however, the token has declined by 52.22%. This decline comes amid broader market corrections and a lack of consistent momentum, as seen in SHIB’s performance during October, which marked the first monthly loss since its launch.

The Shiba Inu development team has disclosed a major security upgrade for the Shibarium network, aimed at increasing decentralization and removing single points of failure that may have contributed to instability. Shibarium is currently undergoing an RPC Migration Network upgrade, with the legacy endpoint set to close within two weeks. Users and developers are being urged to update their configurations to the new access point to ensure continued functionality. This move follows a critical security incident in September, which temporarily halted the network after a compromised validator key was exploited via a 4.6 million BONE delegation.

In response, the Plasma Bridge was restored for BONE, with new safeguards such as a seven-day withdrawal delay and a blacklisting mechanism added to prevent malicious activity. These enhancements aim to build long-term reliability and trust in the ecosystem.

Technical indicators used in the backtest include moving averages and relative strength index (RSI), which assess short-term volatility and trend strength. These tools are used to identify potential reversal points and assess whether SHIB is overbought or oversold. The RSI, for instance, has been fluctuating near neutral territory, while the 200-day moving average continues to serve as a key support level. These indicators form the foundation for evaluating SHIB’s price behavior in the context of network upgrades and broader market conditions.

Backtest Hypothesis

A backtest was attempted to evaluate the impact of the recent Shibarium RPC migration and related security upgrades on SHIB’s price performance. However, the test was interrupted by a “division by zero” error, which typically occurs when price data for an event date is missing or recorded as zero. The most probable cause is that the first month in the event list (likely January 2022) lacks a valid previous-month closing price, leading to a division by zero during the return calculation.

Additionally, one or two subsequent months may contain zero values for the closing price, compounding the issue. To resolve this, the event list can be re-created to include only those months meeting specific criteria: a monthly close must reflect at least a 10% drop from the prior month, and the prior-month close must be greater than zero. This would automatically exclude problematic months such as January 2022 and any others with invalid data. Once cleaned, the backtest can be rerun to assess the impact of these upgrades on SHIB’s price behavior.