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- SHIB gained 6.76%, but Ethereum, Solana and Pepe posted significantly stronger advances.
- Broader crypto-market flows appear to have played a bigger role than community hype in driving the rebound.
- SHIB remains about 94% below its all-time high, leaving investors waiting for stronger evidence of a sustained recovery.
Shiba Inu (SHIB) climbed 6.76% on Thursday as cryptocurrencies staged a broad recovery, but the meme coin struggled to keep pace with larger assets. Ethereum surged 17.8%, while Bitcoin gained 8.1%, suggesting that the SHIB move was driven more by improving market sentiment than a sudden shift in meme-coin demand.
The difference matters for investors watching the Shiba Inu price. While the SHIB community highlighted the token’s rebound, market-wide flows offer a less dramatic explanation for the move.
SHIB Rallies as Crypto Market Rebounds
The total cryptocurrency market capitalization rose to about $2.34 trillion, roughly 9.32% above the previous day’s low. Bitcoin briefly reclaimed $70,000 after comments from President Donald Trump about a potential government purchase helped spark renewed optimism.
The move also triggered heavy short-position liquidations, with about $1.23 billion wiped out within an hour. Such forced buying can accelerate rallies across the market, lifting assets beyond their individual fundamentals.
Other major altcoins also outperformed SHIB. Solana gained 10.2%, while Pepe advanced 13.8%. Dogecoin, meanwhile, increased about 6.8%, almost matching Shiba Inu’s performance.
Community Optimism Faces Market-Wide Evidence
Shiba Inu’s official account attributed some of the momentum to its bullish messaging, portraying bears as traders who had backed away from the token.
However, the broader price action makes that explanation difficult to confirm. SHIB has generally moved in line with Bitcoin during 2026, meaning a strong market rebound can lift the token even without a major change in community activity.
That pattern also raises questions about whether Thursday’s rally represents a lasting shift in investor demand or simply a temporary recovery alongside the wider market.
SHIB Still Far Below Its Record High
Despite the daily gain, the longer-term picture remains challenging. SHIB traded around $0.00000477, approximately 61.2% below its level a year earlier and about 94% beneath its October 2021 record of $0.00008616.
Trading volume was also relatively modest at roughly $104 million over 24 hours. Meanwhile, previous increases in SHIB burns have not consistently translated into stronger prices, while activity on Shibarium has weakened.
The next test could come near $0.00000548, a level that previously rejected the token.
Also Read: Shiba Inu Drops 400B Tokens From Exchanges — Is a Price Surge Next
Thursday’s Shiba Inu price rally shows that SHIB can benefit quickly when risk appetite returns to crypto markets. But its underperformance against Ethereum, Solana and Pepe suggests the move was not uniquely driven by meme-coin enthusiasm.
For SHIB to establish stronger momentum, investors may look for evidence that the token can outperform the broader market rather than simply follow it.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
I’m your translator between the financial Old World and the new frontier of crypto. After a career demystifying economics and markets, I enjoy elucidating crypto – from investment risks to earth-shaking potential. Let’s explore!
