Shiba Inu Says Bears “Chose Cardio,” but SHIB Lagged Most of the Market

NewsThu, 20 Aug 2026 09:54:57 UTC2 hours ago
Shiba Inu Says Bears “Chose Cardio,” but SHIB Lagged Most of the Market

Shiba Inu (SHIB) rose 6.76% on Thursday, yet the meme coin trailed a market-wide rally that lifted Ethereum by 17.8%.

The project's official account claimed credit for the bounce, telling followers that bears saw the token coming and chose cardio. Broader market flows suggest otherwise.

Why the Shiba Inu Price Move Tracked the Market, Not the Memes

The Shib team skipped any technical explanation. Instead, it's post cast sellers as runners who abandoned the trade rather than defend it.

Almost every major asset moved the same way. Total crypto market value reached roughly $2.34 trillion on Thursday, about 9.32% above the previous day's low.

Bitcoin (BTC) added 8.1% over 24 hours and trades at $69,515, while Ethereum (ETH) jumped 17.8% to $2,251.

The trigger sat far outside meme coin circles. Bitcoin reclaimed $70,000 on Wednesday after President Donald Trump floated a sizable government purchase, and $1.23 billion in short positions liquidated within an hour.

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