Shiba Inu's price has faced downward pressure today as investors shift their focus to a new Solana-based meme coin, Catzilla. This emerging digital asset is capturing the attention of those who previously found success with Shiba Inu, as it promises significant growth potential and aims to disrupt the meme coin market. The buzz around Catzilla, with its unique narrative and ambitious goals, is drawing interest away from Shiba Inu, contributing to its price decline.
Additionally, the launch of the TRUMP token has further impacted Shiba Inu's market performance. TRUMP's rapid rise, fueled by its listing on multiple exchanges and significant trading volume, has overshadowed other meme coins, including Shiba Inu. The excitement surrounding TRUMP has led to a decline in Shiba Inu's price, as investors are drawn to the new token's potential for quick gains. Pauline Shangett, CMO at ChangeNOW, expressed enthusiasm about listing TRUMP, highlighting its appeal as a trending asset.
Shiba Inu's price has decreased by 3.49% today, with the current price at $0.000022. The token reached a high of $0.000023 and a low of $0.000022 during the day.