Skip to content
Guavy Logo GUAVY
Sign up
Back to Guavy Wire
Crypto

Shiba Inu Plunges 18% Amid Lack of Use Cases and Failed Projects

Guavy AI Editorial Team
Instruments
SHIB
Share

Shiba Inu's price has continued to decline, reaching a new low of $0.0000054 on Thursday.

The token has been struggling month after month, and August is no exception.

According to the latest data from CoinGecko, trading activity in Shiba Inu has dropped by 18%, indicating a loss of confidence in the meme currency.

The token's projects, including Shibarium, SHIB: The Metaverse, and Shiba Eternity, have failed to live up to expectations.

Investors have realized that Shiba Inu has no profit-delivering ability, leading to a decline in investments.

More on Crypto

Crypto just now

Bitcoin Treasury Strains Emerge Amid Record Negative Coinbase Premium

Crypto just now

Robinhood Chain Memecoin Frenzy: A Zero-Sum Game

Crypto just now

Kiwoom Halts Bithumb Stake Acquisition Amid Governance Concerns

Disclaimer: Guavy is a data and market intelligence provider, not an investment advisor. The information, signals, and market analysis provided by the Guavy API and related services are for informational purposes only and are not intended as financial advice, investment recommendations, or an endorsement of any particular trading strategy. Trading in volatile markets, including cryptocurrency, carries significant risk and may not be suitable for all investors. Past performance is not indicative of future results. Users should consult with a qualified financial professional before making any investment decisions. Guavy makes no guarantee of trading profits or financial returns.

Guavy Logo GUAVY

Market sentiment intelligence for apps, funds & agents

Location

729 55 Ave SW
Calgary AB T2V 0G4
Canada

Navigate

Markets

Resources

© 2026 Guavy Inc

Terms Privacy Policy