Shiba Inu Mocks the Bears as SHIB Struggles to Keep Pace With the Market
TL;DR:
- Shiba Inu (SHIB) recorded a 6.76% increase in 24 hours, reaching a price of $0.00000477.
- Ethereum and Bitcoin outperformed the meme token during the same session with gains of 17.8% and 8.1%, respectively.
- SHIB’s trading volume stood at $104 million in the last 24 hours, remaining 61.2% below its year-over-year value.
During Thursday’s trading session, Shiba Inu rebounded by 6.76%. Despite this recovery, the memecoin lagged behind the broader crypto market rebound.
The project’s official team publicly attributed the upward movement to social media activity from its community of followers. According to a market report, their official account on X posted that short sellers fled in the face of buying pressure.
Bears saw ethereum:0x95ad61b0a150d79219dcf64e1e6cc01f0b64c4ce coming and chose cardio. pic.twitter.com/V58zA9ED11
- Shib (@Shibtoken) August 19, 2026
However, broader market metrics indicate that the move was driven by macroeconomic factors rather than internal token dynamics.
The total crypto sector market capitalization reached $2.34 trillion during the session, representing a 9.32% gain from the low recorded the previous day. In the same timeframe, Bitcoin (BTC) rose 8.1% to reach $69,515, while Ethereum (ETH) advanced 17.8% to hit $2,251 per unit.
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