---
title: "Shiba Inu (SHIB) Price Crashes 13%, What’s Next?"
url: https://diffcoin.com/shiba-inu-shib-price-crashes-13-whats-next/
description: "Shiba Inu is having hard times, just like the rest of the market."
published: 2023-08-18
updated: 2023-08-18
author: "Mila"
site: "Diffcoin"
---

# Shiba Inu (SHIB) Price Crashes 13%, What’s Next?

The Shiba Inu (SHIB) price has taken a massive beating throughout the past 24 hours, more or less in line with the rest of the market.

- SHIB plunged by as much as 12.4% throughout the past day, following the downward trajectory of the entire market.
- The cryptocurrency is currently trading at slightly above 0.00000816, and it’s important to see if this level will hold because, otherwise, there could be more pain ahead.

![shiba_Inu_price_chart_1808231](data:image/svg+xml;base64,PHN2ZyB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciIHZpZXdCb3g9IjAgMCA4MzEgNTQ1IiB3aWR0aD0iODMxIiBoZWlnaHQ9IjU0NSIgZGF0YS11PSJodHRwcyUzQSUyRiUyRmNyeXB0b3BvdGF0by5jb20lMkZ3cC1jb250ZW50JTJGdXBsb2FkcyUyRjIwMjMlMkYwOCUyRnNoaWJhX0ludV9wcmljZV9jaGFydF8xODA4MjMxLmpwZyIgZGF0YS13PSI4MzEiIGRhdGEtaD0iNTQ1IiBkYXRhLWJpcD0iIj48L3N2Zz4=)

Source: CoinGecko

- The declines come just a day after the launch of the much-anticipated Shibarium mainnet, which wasn’t without its hiccups.
- As *CryptoPotato* reported yesterday, the network failed to process transactions for hours on end.
- Shytoshi Kusama, the lead developer of the Shiba Inu ecosystem, explained that that was because of a major overload not seen before.

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[Source link](https://cryptopotato.com/shiba-inu-shib-price-crashes-13-whats-next/)