Shiba Inu (SHIB) Takes a Serious Hit: Is the Worst Yet to Come?

The self-proclaimed Dogecoin killer posted an 8% price increase over the past week, but its pump was less impressive than many other altcoins, and it lost its prestigious second spot in the meme coin sector.

Moreover, several factors suggest Shiba Inu bears may soon regain control. Losing Ground The cryptocurrency community has long accepted that Dogecoin (DOGE) is the biggest meme coin by market capitalization, with SHIB as its main rival.

That trend has held for years, but in the summer of 2025, another contender emerged and changed the game. The token in question is MemeCore (M), and its market capitalization recently soared to almost $3.5 billion after a monthly price gain of around 35%.

Meanwhile, Shiba Inu climbed just 3% over the same period, and its cap now stands at around $3.37 billion, making it the third-biggest meme coin and the 34th-largest cryptocurrency.