Ethereum’s Meteoric Surge Could Ignite a Shiba Inu (SHIB) Price Explosion

Ethereum’s bullish momentum isn’t just lifting ETH—it’s priming the rocket fuel for meme coins like Shiba Inu. Here’s why SHIB could be the next to moon.

When ETH moves, altcoins tremble. Ethereum’s latest rally—fueled by institutional adoption and Layer-2 breakthroughs—has traders scrambling for high-beta plays. Enter Shiba Inu: the dogecoin killer with a cult following and liquidity deeper than your average hedge fund’s excuses.

The meme coin’s tight correlation with ETH isn’t just speculative hopium. SHIB’s ecosystem now spans DeFi, NFTs, and even a dubious ‘ShibaSwap’ DEX—because nothing screams legitimacy like branding your exchange after a dog breed.

But here’s the cynical kicker: While Wall Street debates ‘store of value,’ retail traders are busy turning dog memes into life-changing gains. Again.

Ethereum May Trigger a Massive Shiba Inu Rally

Shiba Inu (SHIB) launched its Shibarium network in 2023. While the launch gave SHIB its own network, the layer-2 network is still based on the ethereum (ETH) network. SHIB is still an ERC-20 token at its heart. ETH’s recent breakout could lead to SHIB seeing some movement as well.

According to CoinGecko’s ETH data, Ethereum-based coins are also following ETH’s upward trajectory. SHIB has also registered gains over the last few days.

Shiba Inu (SHIB) and Ethereum (ETH) share a common history. Even after SHIB’s launch in 2020, the team sent Ethereum founder Vitalik Buterin half of the project’s entire supply. Buterin decided to burn 90% of the tokens he received and donate the rest to charity. Buterin’s actions led to a massive price spike for SHIB.

ETH’s latest rally may have also been propelled by lower-than-expected Consumer Price Index (CPI) figures. The low figures may lead the Federal Reserve to slash interest rates in its next meeting. A dip in interest rates may cause investors to take more risks. Shiba Inu (SHIB) is among the riskiest assets as it is a memecoin. We could see increased inflows into SHIB if borrowing becomes easier.

However, September has historically been a bearish month for the crypto market. A rate cut and a historically bad month could cancel each other out, leading to price consolidations. Global trade disputes may also present unforeseen challenges to the crypto market. How things unfold will be clear over the coming weeks.