The Shiba Inu (SHIB) development team has reported facing targeted attacks aimed at undermining long-term developers, according to SHIB developer Kaal Dhairya. This comes amid accusations of biased reporting on social media, prompting SHIB-focused media outlet 'The Shib' to issue a statement addressing the claims. SHIB's price has plummeted to a yearly low of $0.0000071, marking a 9.71% decline in 24 hours to $0.000007793. This drop is part of a broader downturn in the cryptocurrency market, with Bitcoin also falling to $81,385 and $1.93 billion in long Bitcoin positions being liquidated due to weak market sentiment.