Shiba Inu (SHIB), once one of the crypto market’s biggest success stories, is facing a prolonged downturn. The dog-themed cryptocurrency has lost more than 32% of its value this year and trades roughly 95% below its record high from the 2021 bull market. The decline reflects a broader shift in investor sentiment. During the 2020–2021 crypto boom, meme coins thrived on social media hype, speculation, and retail enthusiasm. As the digital asset industry matures, investors have increasingly favored projects with tangible utility and real-world applications over purely speculative assets. Shiba Inu struggles as meme coin hype fades The meme coin sector has lost momentum as investors rotate toward projects with stronger fundamentals.
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