Shiba Inu (SHIB) Takes a Serious Hit: Is the Worst Yet to Come?
The self-proclaimed Dogecoin killer posted an 8% value enhance over the previous week, however its pump was much less spectacular than many different altcoins, and it misplaced its prestigious second spot in the meme coin sector.
Moreover, a number of elements recommend Shiba Inu bears might quickly regain management.
Losing Ground
The cryptocurrency group has lengthy accepted that Dogecoin (DOGE) is the largest meme coin by market capitalization, with SHIB as its most important rival. That pattern has held for years, however in the summer season of 2025, one other contender emerged and adjusted the sport.
The token in query is MemeCore (M), and its market capitalization lately soared to nearly $3.5 billion after a month-to-month value acquire of round 35%. Meanwhile, Shiba Inu climbed simply 3% over the identical interval, and its cap now stands at round $3.37 billion, making it the third-biggest meme coin and the Thirty fourth-largest cryptocurrency.
Recall that again in the day, SHIB ranked a lot larger, with its capitalization briefly pumping above $20 billion in 2024 and briefly exploding past $40 billion in 2021.
Further Slip Ahead?
Right now, the hole between Shiba Inu and the fourth-largest meme coin (PUMP) seems vital at round $1.3 billion, however some worrying alerts recommend the former might take one other hit quickly.
The first one is the waning Shibarium exercise. Last week, Shiba Inu’s workforce implemented “a small however helpful” replace for the layer-2 scaling answer. Specifically, it refreshed its RPC itemizing in the Ethereum-lists/chains registry, and Chainlist now has up to date connection particulars. However, the protocol nonetheless facilitates a negligible variety of day by day transactions.
Next on the listing is the rising quantity of SHIB tokens saved on crypto exchanges. CryptoQuant knowledge reveals the determine has risen to round 87.6 trillion, the highest since early August. This signifies many buyers have deserted self-custody and moved to centralized platforms, growing rapid promoting stress.
Shiba Inu’s seasonal efficiency is one other trigger for concern. September has been a predominantly poor month for the meme coin, with its valuation finishing in the purple three out of 5 occasions.
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