Shiba Inu isn’t in the top 20 anymore; it’s dropped to 22nd with a $7.26 billion market cap and trades around $0.00001233. That’s a big slide for a token that broke into the top 10 back in 2021 and even popped back in March 2024. So, what caused the slide?
What you'll learn 👉
Team Trouble Is Slowing Things Down
One big reason is what’s happening inside the Shiba Inu team. Developer Kaal Dhairya admitted that the project has faced internal conflicts.
When the team can’t agree on key decisions, progress slows down and the community loses interest. Investors notice these problems, and it hurts their confidence in SHIB.
Leadership Concerns Are Hurting Investor Confidence
Another issue is leadership. Shiba Inu’s lead developer, Shytoshi Kusama, is still anonymous. That was fine when SHIB was just a fun meme coin, but now that it’s a multi-billion-dollar project, many investors want to see who’s really behind it. His public appearances during crypto conferences like IVS Japan were masked and lackluster.
Unlike Cardano’s Charles Hoskinson or Ethereum’s Vitalik Buterin, he hasn’t been active fostering his social media presence, a feature many leaders embrace. The lack of a figurehead makes certain investors nervous and deters new investors.
#ShibaInu No Longer in Top 20 — Here’s What Could Have Caused the Drop.🧵🧵🧵 pic.twitter.com/hzDKVbiYPD
— TheCryptoBasic (@thecryptobasic) August 5, 2025
No Institutional Interest and a Huge Token Supply
Shiba Inu is still mostly a retail-driven token, and that’s part of the problem. Unlike Dogecoin, which already has ETF applications from Bitwise and Grayscale, SHIB hasn’t attracted institutional investors. No ETFs mean no big inflows of capital.
Then there’s the massive 589 trillion token supply. With that many coins in circulation, it’s tough for the price to move up in a meaningful way. Volatility stays high, and the market cap struggles to grow.
Read Also: INJ Price Stalls at $13, But Injective Network Activity Explodes 1,460%
Can SHIB Make a Comeback?
For Shiba Inu to climb back into the top 20, or even the top 10, it will likely need to fix its internal issues, be more transparent with leadership, burn more tokens, and finally attract some big investors.
Still, the team hasn’t lost hope. Marketing lead Lucie keeps telling the community to stay patient and even believes SHIB price could reach $0.01 one day. Whether that dream comes true is something the market will decide.
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