Amid Shiba Inu consistent decline and key ecosystem issues, SHIB could be moving out of the top 30 in the global crypto rankings soon.
Shiba Inu, which was once a top-10 cryptocurrency, has steadily slipped down the rankings, fueling debate about a potential exit from the top 30.
Key Points
- After reaching the top 10, Shiba Inu has steadily declined and now ranks 27th at press time.
- At 27th place, SHIB faces pressure from rivals such as Cronos, World Liberty Financial, and Toncoin.
- Despite Shytoshi Kusama’s ambition to push SHIB into the top five, the token has failed to regain sustained momentum.
- Earlier growth drivers, including aggressive token burns and strong community backing, have weakened, raising the risk of falling out of the top 30.
Shiba Inu Initial Rise to Top 10
Launched in August 2020, Shiba Inu initially struggled to gain traction and lingered near the bottom of the market. Early doubts about the project intensified when its developers briefly disappeared, triggering a sharp price collapse. However, a highly motivated community soon revived interest, helping SHIB secure major exchange listings.
In mid-2021, the token gained massive traction after Ethereum co-founder Vitalik Buterin burned about 41% of SHIB’s total supply and donated the remaining tokens to charity.
This event fueled a historic rally a few months later, pushing SHIB to an all-time high of $0.00008845 in October 2021 and lifting it into the global top 10.
The Steady Decline
Shortly after reaching its peak, SHIB began losing momentum as early investors took profits. It gradually fell out of the top 10 a few months later but remained in the top 20 despite a broader market downturn.
Despite repeated assurances from lead developer Shytoshi Kusama about the token’s long-term growth ambitions to take it to the top 5, SHIB failed to regain traction.
In 2025, conditions worsened for the popular meme-based token. Extended bearish pressure pushed SHIB out of the top 20, while a major hack targeting Shibarium, its Layer-2 blockchain, further undermined investor confidence. The October 10 market crash compounded these issues, accelerating SHIB’s fall beyond the top 25.
Current Standing
Currently trading around $0.0000060, SHIB ranks as the 27th-biggest token globally. It recently lost the 26th spot to Sui following the latest relief rally. With a market cap of $3.54 billion, SHIB trails Sui’s $3.65 billion valuation by a narrow margin.
However, pressure is mounting. Cronos, Toncoin, and World Liberty Financial occupy the 28th to 30th positions, each with market caps just above $3.19 billion. Meanwhile, Tether Gold sits at $2.7 billion, less than $1 billion behind SHIB, posing an additional threat.
Why a Top 30 Exit Looks Possible
Although some supporters expect a rebound, several challenges persist. Community enthusiasm has faded compared to its early days, and skepticism has grown over the team’s anonymity and unmet roadmap goals.
Token burns, once a major narrative driver, have slowed significantly, with daily reductions in supply now minimal. At press time, only 305,000 tokens have been burned over the past 24 hours.
Moreover, rising competition from newer meme coins continues to divert investor interest. Unless the team addresses these structural concerns and reignites momentum, SHIB appears poised to drift out of the top 30.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.