Shiba Inu’s summer rally cooled as August began, the meme coin slipping 2.09% after July’s exhilarating 9% climb, according to TradingView. The dog-themed crypto faces headwinds after a month of tailwinds.
Shiba Inu claws back from a weekly dip! While facing a 13% downturn following market turbulence, SHIB shows resilience, surging 1% to $0.000012 in the last 24 hours. Is this the start of a comeback for the meme coin darling?
Shiba Inu’s bark faded after hitting a July 21st peak of $0.00001598. A subsequent market tremor sent the meme coin tumbling from a July 28th high of $0.00001437 to a worrying $0.0000116 on August 2nd, before a slight rebound offered a glimmer of hope.
SHIB’s recent tumble has sent it spiraling down the crypto ladder, now clinging to the 22nd spot with a market cap of $7.17 billion.
Five years in dog years is like an eternity in crypto. Shiba Inu, the meme coin that dared to dream, recently celebrated its fifth birthday. Back in October 2021, this underdog briefly clawed its way into the crypto top 10, hitting a peak of $0.000088 and proving that even the most improbable coins can have their day in the sun.
SHIB top priority revealed
Amid the recent declines, Shiba Inu developer Kaal Dhairya highlights the top priority for Shiba Inu: unity.
“Shiba Inu faces headwinds. Kaal calls for solidarity. Let’s rebuff the forces conspiring to knock us from the top 10. United, we rise.”
“Look, I get it. Stepping back is your call, no arguments here. But let’s be real – remember the boost you got? Just saying,someonemight have dropped your project’s name to that magazine, the one that gave your incredible work the spotlight it deserved… https://t.co/wZ4Fko7sYy”
Kaal (@kaaldhairya) August 2, 2025
Kaal pinpointed Shib’s biggest threat: not external forces, but a fractured core. Internal squabbles and constant clashes are actively sabotaging the community’s ascent.
Kaal envisions a unified Shiba Inu through a potent blend: empowering the SHIB DAO and forging genuine community governance. Imagine a digital democracy where every Shib citizen’s voice rings equally loud, favoritism is banished, and transparency reigns supreme. This DAO will be the beating heart of the community, democratically fueling projects that inject real value into the ecosystem, ensuring no deserving idea is left in the shadows.
“Rally the Shiba Inu troops! Kaal’s battle cry echoes through the community: Let’s forge a new Shibarium – a fair, community-led realm, built on the bedrock of unity, accountability, and true democratic power!”
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