Shiba Inu Struggles as Meme Coins Fall Out of Favor
Shiba Inu has been one of the year’s biggest underperformers, tumbling about 35% since January and sliding another 7.5% in the past day to roughly $0.000012.
The decline comes even as Bitcoin has surged over 25% in 2025, highlighting a sharp divergence between speculative meme tokens and the broader market’s top performer.
The drop is happening despite progress on Shibarium, Shiba Inu’s layer-2 (L2) network, which earlier this year crossed the one-billion-transaction mark. While the milestone reflects strong usage, it hasn’t translated into price strength as investors increasingly favor stablecoins and utility-driven projects over meme coins.
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Shiba Inu isn’t alone in its struggles—Dogecoin has posted similar losses this year—suggesting the entire meme coin sector is facing sustained pressure. Meanwhile, SHIB’s market value has fallen to about $7.6 billion, pushing it down the rankings to 18th place. Technical charts show weak support near current levels, with heavy selling overwhelming every attempt at a bounce.
For traders, the decision now hinges on risk appetite. SHIB’s appeal has always been community-driven, and any recovery likely depends on sentiment turning in its favor. Until then, it remains a high-volatility bet in a market that’s rewarding fundamentals over hype.
Kosta has reported on cryptocurrency markets and blockchain infrastructure since 2020, bringing over six years of hands-on experience in the crypto industry built through daily tracking of markets, trends, and emerging blockchain developments. Specializing in Bitcoin on-chain analysis, institutional ETF flows, and digital asset price action, his work at Coindoo has been cited by other news agencies and consistently covers market developments with a focus on data-driven reporting across Bitcoin, Ethereum, Solana, and XRP. Over the years, Kosta has contributed to multiple crypto media outlets in different regions, authoring over 6,000 articles across the sector. His reporting spans cryptocurrency markets and the broader fintech industry, tracking not only price action but also the technological and regulatory forces shaping the ecosystem. To support his analysis, Kosta actively leverages on-chain data and metrics from leading platforms such as Santiment, Glassnode, and CryptoQuant, enabling deeper, evidence-based market insights. He believes in the power of transparency and the data that underpins the blockchain ecosystem. His academic background in Marketing Management from Denmark further complements his analytical approach, adding a strong understanding of communication strategy and content positioning to his work.
