Shiba Inu (SHIB) on the Cusp of Losing Major Crypto Spot: Examining $3.4 Billion Support Level on April 12

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. The popular meme coin Shiba Inu (SHIB) is going through one of the most dramatic periods in its history. According to CoinMarketCap , the asset is on the verge of losing its status in the top tier of cryptocurrencies, hovering near an exit from the top 30 projects by market capitalization. Advertisement As of mid-April, SHIB’s market cap stands at $3.42 billion, placing it 29th overall. However, the liquidity metric raises concerns: with $111.7 million in 24-hour trading volume, the token has already dropped to the 38th place. Top cryptocurrencies by market cap, Source: CoinMarketCap This divergence between “past glory” represented by market cap and actual interest displayed by trading volume highlights a weakening speculative driver that has kept the Shiba Inu coin in the spotlight for years. HOT Stories Morning Crypto Report — XRP Scores Best ETF Week Since February With $11.75 Million, Bitcoin Fails $74,000 Breakout Ahead of Tuesday's April 14 PPI Data, Shiba Inu (SHIB) Coils for 33% Move as Volatility Hits Rare Lows Ripple Vet Questions NYT Reporter's Satoshi Hunt Proof Triple threat: Why SHIB is losing its market edge The current news backdrop points to three key pressure factors, but the key one is that the so-called “SHIB Army” is facing a confidence crisis. Over the past year, the token has lost more than 51% of its value , and the lack of major new marketing breakthroughs is pushing retail holders toward more dynamic projects. Advertisement Especially after key opinion leaders suddenly turned their back on the project. You Might Also Like Sun, 04/12/2026 - 14:11 SHIB Divergence? Open Interest Up 5% Despite Shiba Inu Price in Red By Tomiwabold Olajide The second reason lies in the "success" of Shibarium as data shows that the network has not entered the top 100 blockchains by developer activity, and the real usage of the ecosystem for decentralized applications remains far below expectations set in 2024-2025. Advertisement Finally, general market instability is prompting investors to exit high-risk assets, with meme coins being the first to face selling pressure. Yes, it is premature to write SHIB off, but the coin is in the “red zone.” If the once-popular meme coin fails to hold the psychological $3 billion market cap level, its position in the top 30 will inevitably be taken. #SHIB #Shiba Inu #Shiba Inu (SHIB) News