Shiba Inu has reached its lowest price level in nearly two years. At the time of writing, the meme coin is trading at around $0.00000901, indicating a 0.58% increase in the last 24 hours. SHIB Price, Source: CoinMarketCap In the trading session on Tuesday, SHIB momentarily hit an intraday low of $0.00000827 and then rebounded to close at $0.00000957. The last time SHIB traded at this level was January 3, 2024. The recent downturn reflects broader weakness across the cryptocurrency market, with Shiba Inu unable to escape the selling pressure. The recovery proved temporary, highlighting the persistent bearish sentiment surrounding the token. On October 10, a flash crash added to the uncertainty of the actual scope of the downturn in SHIB. On Binance, the token fell momentarily to $0.00000678. Steep Losses Mount for Investors The price action tells a difficult story for Shiba Inu holders. The damage to investor portfolios remains substantial. CoinMarketCap data reveals a 10.05% decline over the past week. The monthly performance looks even worse, with SHIB down 28.97% over the last 30 days. Year-to-date returns paint an especially grim picture. Those investors who had bought SHIB at the start of 2025 have seen their investments plummet by 57%. This severe underperformance stands in stark contrast to Bitcoin's trajectory, which reached new all-time highs multiple times throughout the year. The divergence between Bitcoin and Shiba Inu highlights the selective nature of the current market cycle. While major cryptocurrencies have attracted capital, meme coins have struggled to maintain investor interest. Bullish Catalysts Fail to Reverse Trend Several potentially positive developments have failed to support SHIB's price. The Shiba Inu ecosystem has seen an increase in token burn rates , which typically reduce supply and create upward price pressure. Exchange reserves for SHIB have also declined. This metric usually indicates investors are moving tokens to private wallets for long-term holding rather than preparing to sell. Despite this traditionally bullish signal, the price has continued to fall. Institutional interest was building when T. Rowe Price filed for a Shiba Inu spot ETF in late October. The asset manager oversees $1.7 trillion in investments, and its filing suggested growing mainstream acceptance of the meme coin. Yet even this development could not prevent further price declines. The market has largely ignored these positive catalysts, focusing instead on broader risk-off sentiment.
