Shiba Inu Plunges 6% in 24 Hours: What’s Next for the Meme Coin?
Shiba Inu takes another hit—down 6% in a single day. The meme coin that roared now whimpers, leaving holders wondering if this is just another dip or the start of something uglier.
Why the slide?
No single catalyst emerges. Broader crypto weakness? Trader fatigue? The usual suspects line up whenever speculative assets stumble. Shiba Inu lacks the fundamental armor of its larger peers—no deep protocol utility, no massive institutional backing. It runs on sentiment, and sentiment just cracked.
Where does it go from here?
Technical levels loom. Watch the support zones that held during past sell-offs. Break those, and the fall could accelerate. The community—famously vocal—will likely point to long-term roadmaps and ecosystem builds. The market, however, votes with sell orders.
Remember, this is crypto. Volatility isn't a bug; it's the main feature. A 6% move barely registers as a rounding error in the grand scheme of meme coin mania. For every panic seller, a degenerate buyer waits, dreaming of the next parabolic spike.
One cynical take? The 'fundamental analysis' for assets like this often boils down to checking social media buzz and hoping a whale doesn't sneeze. Shiba Inu's latest dip serves as another reminder: in the casino of crypto, the house always wins—eventually.
Source: CoinGecko
Should You Sell Your Shiba Inu After The Latest Price Crash?
Shiba Inu’s (SHIB) latest price crash comes amid a larger market downtrend. The crypto market has faced another correction today, with Bitcoin (BTC) falling to the $92,000 price level. The crash is likely due to ongoing geopolitical tensions between NATO allies. US President Donald Trump wants to acquire Greenland for national security purposes, while many other NATO countries oppose his move. The US has announced additional tariffs on countries offering support to Greenland.
Shiba Inu (SHIB) and other risky assets are likely facing the consequences of the additional tariffs and the ongoing tensions. Moreover, investors seem to be furthering their risk-off approach, given that gold and silver have hit new all-time highs.
Given the ongoing uncertainty period, Shiba Inu (SHIB) and other risky assets will likely continue to struggle. Investors will likely maintain their risk-off approach over the coming weeks. However, selling your SHIB tokens for a loss may not be the best move. In fact, buying the dip could prove to be a more lucrative decision. Many anticipate the crypto market to take off over the coming months. Bernstein analysts expect Bitcoin (BTC) to breach the $150,000 mark in 2026. BTC hitting a new all-time high could trigger a rally for Shiba Inu (SHIB) as well.
