Shiba Inu Plummets 30.8% Amid $14 Billion Bybit Hack

• Shiba Inu (SHIB) has experienced a 30.8% decline over the past month, with its current price at $0.00001372.
• The reimposition of U.S. tariffs on Canada and Mexico, along with a $14 billion hack of Bybit exchange, have contributed to SHIB’s recent downturn.
• Analysts’ predictions for SHIB’s recovery vary, with targets ranging from $0.00004 by November 2026 to $0.0000728 in 2025.

Shiba Inu (SHIB), the once high-flying meme coin, has faced a significant downturn in recent weeks. As of February 25, 2025, SHIB’s price stands at $0.00001372, reflecting a 0.0736% decrease from the previous close. Over the past month, the token has experienced a 30.8% decline, with a 14.9% drop in the last 14 days, a 10.7% decrease over the past week, and a 7.3% fall in the daily charts. Despite these setbacks, SHIB has managed a 44.4% rally since February 2024.

The recent market dip coincides with geopolitical tensions, notably the United States reimposing tariffs on Canada and Mexico. The U.S. had previously paused these tariffs for 30 days, during which SHIB and the broader cryptocurrency market saw slight recoveries. However, the reinstatement of tariffs has introduced uncertainty, contributing to the current downward trend.

Adding to the market’s volatility, a significant security breach occurred last week when the cryptocurrency exchange Bybit was hacked, resulting in the loss of nearly $14 billion worth of assets. This event sent shockwaves through the crypto community, leading to substantial sell-offs and further declines in asset prices, including SHIB.

Historically, SHIB reached a peak of $0.00003629 in March 2024, riding the wave of Bitcoin’s (BTC) new all-time high. The token last traded above the $0.00004 mark in December 2021 and has since struggled to regain that momentum. To reach the $0.00004 target from its current price, SHIB would need to rally approximately 191.6%.

Price predictions for SHIB vary among analysts. According to Changelly, SHIB could reclaim the $0.00004 price point by November 2026, with a projected maximum price of $0.0000406. In contrast, Telegaon offers a more optimistic outlook, suggesting that SHIB could reach the $0.00004 mark within this year and potentially trade at a maximum price of $0.0000728 in 2025, representing a 430.5% increase from its current value.

Shiba Inu Partners with UAE Ministry for Blockchain Integration

Recent developments have also influenced SHIB’s market performance. On February 4, 2025, the United Arab Emirates’ Ministry of Energy and Infrastructure announced a partnership with the Shiba Inu project to integrate blockchain technology into the nation’s infrastructure and energy sectors. This collaboration aims to enhance operational efficiency and has brought renewed attention to SHIB, potentially impacting its price trajectory in the coming weeks.

Despite these positive developments, Shiba Inu’s overall performance remains volatile. Over the past week, the token experienced a 10.63% decline, and over the last month, it has fallen by 31.8%. Once a top-10 cryptocurrency, SHIB has now dropped to the 17th position, as new meme coins and alternative tokens capture market interest.

Technical analysis presents a mixed picture. The Relative Strength Index (RSI) for SHIB stands at 31.10, suggesting that the token is approaching oversold territory, which could indicate a potential buying opportunity. However, the broader market sentiment remains bearish, with the Fear & Greed Index reading “Fear,” reflecting investor hesitation.

Looking ahead, SHIB’s price movement will likely be influenced by a combination of market sentiment, macroeconomic factors, and developments within the Shiba Inu ecosystem. While some analysts remain optimistic about SHIB’s potential for recovery, the token faces significant challenges in reclaiming its previous highs. Investors are advised to conduct thorough research and exercise caution, given the inherent volatility of the cryptocurrency market.