Shiba Inu (SHIB) Down 93% From ATH, Is Reversal on Horizon?

Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. Crypto ranking platform CoinGecko shared a fun fact about dog cryptocurrency Shiba Inu (SHIB) . According to CoinGecko, SHIB is down 93% from its ATH, last seen almost five years ago at $0.00008616. Advertisement Despite this plunge, Shiba Inu still remains 602,973% higher than its all-time low at current prices, according to a chart shared by CoinGecko. Fun Fact: $SHIB is down 93% from its ATH, last seen almost five years ago at $0.0₄8616. pic.twitter.com/aB4f8wDkLb — CoinGecko (@coingecko) April 7, 2026 The screenshot also reflected Shiba Inu's massive bull run in 2021, when its price rose millions of percent. Shiba Inu was among the top gainers in the 2021 bull cycle, reaching an all-time high of $0.000086 subsequently, in October of the same year. Advertisement You Might Also Like Tue, 04/07/2026 - 09:27 Shiba Inu Loses $0.000006 Threshold: Three Possible Price Scenarios By Arman Shirinyan HOT Stories XRP Gains $120 Million ETF Flows After 656% Weekly Surge, Binance Users Add 181 Billion Shiba Inu (SHIB) to Portfolios in a Month, Peter Schiff Explains Why Bitcoin at $10,000 Still Long-Term Win: Morning Crypto Report Grayscale Recognizes XRP Ledger as Pioneer In Post-Quantum Cryptography This rise was, however, cut short. The following year, 2022, saw a series of domino-like failures, with crypto market capitalization dropping from $2.9 trillion in November 2021 to below $800 billion by the end of 2022, a drop of nearly $2 trillion. Reversal coming? At the time of writing, SHIB was down 3.65% in the last 24 hours to $0.000005844 as cryptocurrencies declined anew amid macro concerns. Advertisement You Might Also Like Mon, 04/06/2026 - 12:40 Shiba Inu Double Death Cross Completed Amid 5% Jump: Could This Be Bear Trap? By Tomiwabold Olajide In the last 24 hours, $167 million in crypto positions have been liquidated across the market, according to CoinGlass data. The recent crypto drop comes on top of a broader decline that started in early October. That initial sell-off dented sentiment enough to stop any nascent rallies from gaining enough steam to bring coins out of their rut. A bullish scenario for cryptocurrencies might require some key developments. The U.S. Clarity Act, anticipated to pass in late April, is a significant one. Institutional investors are particularly focused on this as a potential regulatory breakthrough. In this case, Shiba Inu will target $0.000007 and then $0.00001 in the short term. In separate news, Kuro, a Shiba Inu community member reported that Shiba Inu is among the altcoins scheduled for listing on Rakuten wallet. #Shiba Inu (SHIB) News #Shiba Inu #Shiba Inu (SHIB) Price Prediction