Notably, #shiba⚡ Inu has been in a bearish trend in recent days. The token even lagged behind the broader crypto market during the recent bull frenzy of the past two weeks. At the time, rival meme coins like PEPE and BONK set all-time highs with gains of over 200%, while others, like Dogecoin, surpassed their 2021 peak.
While Shiba Inu moved from $0.00001626 to $0.00003031 during the same time, it quickly lost momentum. Now, SHIB is struggling at around $0.000024, down 7% in its weekly performance.

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