Shiba Inu Dips 93%: Is a Rebound on the Way?

Gather ’round, you curious coin-wranglers, for a shaggy little tale from the wiggly world of crypto. CoinGecko, that cheeky cartographer of coins, trots out a fun fact about the doggy-doodle Shiba Inu (SHIB). According to CoinGecko, SHIB is down a bloomin’ 93% from its all-time high, last seen almost five years ago at $0.00008616.

Despite this tumble, the Shibe remains a braggy bounce above its own muddy bottom, a staggering 602,973% higher than its all-time low at current prices, says a chart from CoinGecko. A triumphant tail-wag, or so the numbers pretends.

Fun Fact: $SHIB is down 93% from its ATH, last seen almost five years ago at $0.00008616.

– CoinGecko (@coingecko) April 7, 2026

The screenshot also shows Shiba Inu’s magnificent bull run of 2021, when its price shot up by millions of percent. Shiba Inu was among the top gainers in the 2021 bull parade, scrambling to an all-time high of $0.00008616 in October of the same year.

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That joyous rise, alas, was a little too cheeky for the cosmos. The next year, 2022, brought a domino-like tumble, with the crypto market capitalization sliding from $2.9 trillion in November 2021 to below $800 billion by the end of 2022, a swoop of nearly $2 trillion swallowed by the gobbling dark.

Reversal coming?

As of writing, SHIB was down 3.65% in the last 24 hours to $0.000005844 as cryptocurrencies declined anew amid big, blustery macro worries.

In the last 24 hours, $167 million in crypto positions have been liquidated across the market, according to CoinGlass data.

The recent crash sits atop a broader slide that began in early October. That initial tumble dented sentiment enough to keep any budding rallies from bouncing out of their rut.

A bullish breeze for cryptocurrencies might need a couple of shiny developments. The U.S. Clarity Act, expected to pass in late April, is a big, sparkly one. Institutional investors are especially keen on this as a potential regulatory breakthrough.

In this case, Shiba Inu will target $0.000007 and then $0.00001 in the short term.

In other news, Kuro, a Shiba Inu community member, reports that Shiba Inu is among the altcoins scheduled for listing on Rakuten Wallet.

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2026-04-07 17:42