Shiba Inu ($SHIB) Crypto Forecast: Down 5.2% Today

What is Shiba Inu?

SHIB, or Shiba Inu, is a cryptocurrency token inspired by the Shiba Inu dog breed, known for its meme coin status and a vibrant community of traders and investors.

Why is Shiba Inu going down?

SHIB crypto is down 5.2% on Aug 5, 2025 22:06

• The decrease in SHIB's value today may be linked to recent events involving the alleged theft of SHIB tokens from an individual. Incidents like these can shake investor trust and provoke selling.
• Even though there were positive celebrations marking SHIB's 5th anniversary along with notable accomplishments and a surge in burn rate, the overshadowing theft allegations likely contributed to the pessimistic market trend.
• Initially, some traders showed interest in a projected 70% increase from current levels due to the spike in burn rate, but the impact of the theft news on market sentiment seemed more pronounced, causing the downswing.

SHIB Price Chart

SHIB Technical Analysis

SHIB News

Shiba Inu Celebrates Its 5th Birthday With Burn Rate Spiking To 5,800%

Shiba Inu celebrates its 5th birthday with over 1.51 million holders and a jaw-dropping 21,600,000% return since launch. A 5,800% burn rate spike in a single day has traders calling for a 70% rally from current levels. The market's back, and these 3 income stocks are thriving. See them here→

https://www.benzinga.com/crypto/cryptocurrency/25/08/46793507/shiba-inu-celebrates-its-5th-birthday-with-burn-rate-spiking-to-5800

Alleged XRP Thief Also Accused of Stealing Ethereum, SHIB From George Jones' Widow

Nancy Jones, the widow of country music legend George Jones, accused a man of stealing other crypto assets alongside $17 million in XRP.

https://decrypt.co/332652/alleged-xrp-thief-accused-stealing-ethereum-shib-george-jones-widow

Trending Today

Shiba Inu ($SHIB) Crypto Forecast: Down 5.2% Today

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Shiba Inu Price History

30.06.2025 - SHIB Crypto was down 6.4%

• The alleged theft of SHIB tokens from George Jones' widow may have caused uncertainty and negative sentiment around the token, leading to a bearish movement.
• The burning of 600 million SHIB tokens in a single day could have created a temporary imbalance in the token's supply and demand dynamics, contributing to the downward price pressure.
• The overall decline in bullish momentum and Open Interest for meme coins like SHIB, amid a broader market pullback, likely added to the bearish sentiment and selling pressure on the token.
• Despite analysts' optimistic long-term forecast for SHIB potentially overtaking Dogecoin by 2026, the current lack of institutional support and concerns about the anonymous team may have weighed on SHIB's price in the short term.

20.06.2025 - SHIB Crypto was up 5.3%

• SHIB's burn rate jumping 870% in 24 hours and the incineration of 5.89 million tokens likely contributed to the increased scarcity and value perception, driving the bullish movement.
• The positive sentiment around SHIB's chart structure being described as "epic" and presenting a perfect bid opportunity could have attracted more traders and investors to buy, further fueling the price increase.
• The overall bullish trend in meme coins like SHIB, DOGE, and PEPE, as well as the recovery of Bitcoin above $120,000, provided a supportive market environment for SHIB to rally.
• Despite facing profit-taking risks, the momentum and on-chain signals for SHIB remained strong, indicating continued interest and potential for further gains in the meme coin market.

05.07.2025 - SHIB Crypto was down 5.2%

• The decrease in SHIB's value today may be linked to recent events involving the alleged theft of SHIB tokens from an individual. Incidents like these can shake investor trust and provoke selling.
• Even though there were positive celebrations marking SHIB's 5th anniversary along with notable accomplishments and a surge in burn rate, the overshadowing theft allegations likely contributed to the pessimistic market trend.
• Initially, some traders showed interest in a projected 70% increase from current levels due to the spike in burn rate, but the impact of the theft news on market sentiment seemed more pronounced, causing the downswing.

22.06.2025 - SHIB Crypto was down 5.7%

• SHIB's bearish movement today could be attributed to profit-taking as investors may have decided to cash in on recent gains.
• The surge in SHIB's price over the past week and month might have led some traders to sell off their positions, contributing to the downward pressure.
• Despite the bearish movement, the overall interest and activity in meme coins like SHIB remain high, indicating continued volatility and potential for sharp price swings in the near future.
• The broader cryptocurrency market's recovery, as seen with Bitcoin holding above $120,000, could also have influenced traders to shift their focus away from meme coins like SHIB towards more established cryptocurrencies.

22.06.2025 - SHIB Crypto was down 5.0%

• Despite recent bullish signals and positive momentum in the meme coin space, Shiba Inu faced a bearish movement today.
• The surge in SHIB's burn rate and positive technical analysis were not enough to sustain its upward trajectory in the face of profit-taking risks.
• The breather in Bitcoin's rally and profit-taking in meme coins like SHIB and Dogecoin likely contributed to the bearish movement in SHIB today.
• While SHIB's recent price spike and increased investor confidence were promising, market dynamics and profit-taking behaviors ultimately led to today's bearish movement.

29.06.2025 - SHIB Crypto was down 5.5%

• The bearish movement of SHIB today can be attributed to the overall decline in bullish momentum and Open Interest in meme coins like SHiba Inu and Dogecoin.
• The significant burn rate increase of SHIB tokens, with millions being removed from circulation in a single day, may have caused uncertainty and volatility in the market.
• Analysts predicting a potential surge of 3,000% for SHIB by 2026 could be creating both hype and skepticism among investors, leading to fluctuations in the token's price.
• Despite the positive outlook on SHIB's burn rate and potential rally, the lack of institutional support and the anonymous team behind Shiba Inu could be seen as obstacles affecting its market performance in the short term.

18.06.2025 - SHIB Crypto was up 5.7%

• SHIB experienced a strong bullish movement with its burn rate surging by 870% in 24 hours, leading to the incineration of 5.89 million tokens, which could increase scarcity and potential value appreciation.
• A trader's positive assessment of SHIB's chart structure as "epic" and the identification of current levels as a favorable bid opportunity attracted more investors to the token, further boosting sentiment.
• Despite profit-taking risks alongside Dogecoin amid a pause in Bitcoin's rally, SHIB outperformed, recording a 17% gain in 7 days. This was supported by bullish on-chain signals and a breakout above key resistance levels.
• The overall bullish trend seen in meme coins like SHIB and DOGE, combined with positive price forecasts coinciding with Bitcoin's surge to all-time highs, contributed to SHIB's upward trajectory, suggesting a revitalized interest from investors seeking high returns in the crypto market.

26.06.2025 - SHIB Crypto was up 5.4%

• A substantial surge of over 6,500% in SHIB's burn rate and the removal of 22.9 million SHIB from circulation are believed to have fueled the token's upward movement.
• The growing number of daily transactions and active addresses for SHIB signifies an expanding user community and heightened engagement within the SHIB ecosystem, leading to an increase in demand.
• The maintenance of stable levels and the rise in Open Interest for meme coins like SHIB imply a favorable market sentiment and a boost in investor trust concerning meme coins, which has further driven SHIB's upward trend.
• In summary, the combination of supply reduction through burn rates, escalating transaction activities, and advantageous market conditions for meme coins has propelled SHIB to significant gains, with potential for further appreciation based on market indicators and expert forecasts.

23.06.2025 - SHIB Crypto was down 5.2%

• A significant increase in SHIB's burn rate and the removal of a large number of tokens from circulation might have reduced supply, potentially leading to a bearish trend as investors seek scarcity.
• Despite speculation about a substantial 431% price surge and predictions of a smooth rally to $0.000028, market sentiment may have shifted due to profit-taking strategies or manipulation.
• The high Open Interest levels in meme coins such as DOGE and SHIB, indicating rising investor confidence, could have drawn traders to other assets, resulting in a bearish wave for SHIB.
• Despite a notable 870% rise in SHIB's burn rate within 24 hours and positive chart indications, these factors may not have been sufficient to counter broader market dynamics or profit-taking activities, contributing to today's observed bearish movement.

01.07.2025 - SHIB Crypto was down 6.1%

• The bearish movement in SHIB today could be attributed to the overall decline in bullish momentum and Open Interest in meme coins like Shiba Inu.
• The spike in burn rate and the burning of 600 million SHIB in a single day might have caused some uncertainty and selling pressure among investors.
• The news of an alleged theft of other crypto assets, including SHIB, could have added to the negative sentiment surrounding SHIB today.
• Despite analysts' optimistic price predictions for SHIB overtaking Dogecoin in the future, the current market conditions and news seem to have influenced the bearish movement of SHIB today.

28.06.2025 - SHIB Crypto was down 5.1%

• The decrease in SHIB's value today may be linked to a notable increase in its burn rate as a large quantity of tokens were burnt in a single transaction. This burning process, aimed at reducing supply, could concern investors about potential shortages.
• Although there are positive predictions about SHIB potentially surpassing Dogecoin in market cap, the absence of institutional backing and an anonymous team associated with SHIB could hinder its current price performance.
• Despite SHIB stabilizing around key levels post a recent rally and a rise in Open Interest indicating growing investor trust, the unexpected rise in burn rate and evolving market conditions could have prompted profit-taking and contributed to today's decrease in value.

21.06.2025 - SHIB Crypto was up 5.1%

• SHIB's burn rate surged by 870% in 24 hours, with a substantial amount of tokens being incinerated, indicating a potential decrease in the token's circulating supply, which could be driving up its value.
• A trader described SHIB's chart structure as "epic" and highlighted current levels as a perfect bid opportunity, suggesting growing investor interest and confidence in the token.
• The overall positive sentiment towards meme coins like SHIB, Dogecoin, and Pepe, as indicated by their extended gains and record high open interest, reflects a renewed enthusiasm in the cryptocurrency market, especially with Bitcoin holding above $120,000.
• Despite facing profit-taking risks amid Bitcoin's temporary pause in its rally, SHIB's resilience and ability to maintain its upward momentum showcase a strong investor belief in the token's potential for further growth.