With the general crypto markets still wilting, the top dog meme coins are scratching on their key support levels to stay afloat. However, the recent security breach on Shiba Inu coin’s (SHIB) native Shibarium L2 has started reflecting on the meme coin’s price, which just lost a significant chunk of dominance against Dogecoin (DOGE).
Dogecoin’s Spot Volume Still Unmatched By SHIB
Garnering a $7 billion market capitalization worldwide, Shiba Inu SHB) is 5 times smaller than Dogecoin (DOGE), even though SHIB was close to overtaking the top dog coin back in 2022. Both meme coin communities have a similar following across social media channels, which puts both DOGE & SHIB among the rare types of meme coins with almost guaranteed longevity.
However, Shiba Inu’s (SHIB) price fluctuations had resulted in angst for some SHIB Army members, who had expected a quicker rebound towards the yearly heights of $0.000033. To push through this checkpoint again, Shiba Inu would have to nearly triple its market cap back to $21 billion, which requires substantial buying power.
This could be partly ascribed to the massive differences in trading volume, as SHIB’s current daily volume didn’t exceed $245 million on Tuesday. On the flipside, Dogecoin’s (DOGE) trading volume exceeded $3 billion, which is twice as much as Cardano (ADA), a popular neighboring alternative cryptocurrency known for cross-border adoption.
PEPE Throws Down The Gauntlet To Shiba Inu
On top of that, Shiba Inu coin’s (SHIB) lack of recent upside movement now puts the popular dog-embossed meme coin at risk of losing the second largest meme coin status to Pepe Token (PEPE). This projection also has to do with the differences in trading volume on Spot markets, as PEPE garners around $1 billion a day against SHIB’s approximate $250 million figure.
For Shiba Inu (SHIB) to avoid this bearish scenario, the canine meme coin has to breach the $0.000013 – $0.000014 resistance level once again, which served as a critical point in previous bull runs. Hitting record lows in the SHIB/DOGE pair, this screams of fierce competition among meme coins, which can only be overcome by utility, community engagement & mutual trust.
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People Also Ask:
The Binance SHIB/DOGE pair dropped to 0.0000472 on September 18, 2025—the lowest since November 2021. Thus, SHIB lost significant value against DOGE amid broader meme coin corrections.
SHIB’s realized volatility hit lows not seen since December 2023, while whale moves like a 7T token transfer fueled selling. Consequently, the younger counterpart underperformed DOGE, which held stronger during the dip.
Yes, the pair recovered from record lows by September 22, 2025, as SHIB fell 5% versus DOGE’s 8% drop. Therefore, relative out-performance triggered the bounce amid market-wide liquidations.
Short-term, yes—analysts eye a rebound if SHIB holds $0.0000118 support. However, bearish range breakdowns signal potential further losses to $0.00001004 without broader crypto market recovery.
Meme coin correlations with Bitcoin could spark gains if BTC rallies. Meanwhile, low volatility suggests a volatility spike soon, potentially pushing Shiba Inu’s price toward $0.000013 by late September 2025.
