Updated Oct 15, 2026, 4:20 AM UTC

Why is Shiba Inu down today?

$0.000005-3.5% 24h-9.1% 7d

Shiba Inu is down 4.8% over 24 hours to about $0.000005, with the bulk of the pressure coming from the macro-driven selloff rather than anything SHIB-specific. September CPI came in at 3.7%, above forecasts, pushing Treasury yields higher and putting a Fed hike back on the table, which dragged crypto lower alongside stocks. Bitcoin slipped below $81,000 and is down 3.3% on the day, triggering roughly $485 million in liquidations; across the market, $942.1 million in leveraged positions were wiped out in 24 hours, with longs accounting for $863.3 million, or 91.6%.

As a high-beta meme coin, SHIB has amplified that move, falling 9.3% over the week against Bitcoin's 2.7% decline. Traders have flagged the first 4-hour death cross setup in October, and daily turnover of $81.53 million against a $2.91 billion market cap points to thin participation.

Coin-specific news has been minor: burn activity resumed with just $1 of SHIB removed, and holders were warned about phishing links leading to a wallet drainer.

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Written from lypp's live market data and news feed. Not financial advice. Follow @lypp for moves as they happen.