As SHIB Price Slides, Shiba Inu Developer Reveals the Ecosystem’s Top Priorities

Jakarta, Pintu News – In early August, the price of Shiba Inu (SHIB) decreased by 2.09% according to data from TradingView, after a 9% increase in July.

This decline came after it peaked at $0.00001598 on July 21, and then fell sharply to $0.0000116 on August 2 before recovering slightly.

Currently, Shiba Inu is ranked 22nd on the list of the largest cryptocurrencies with a market capitalization of $7.17 billion.

Shiba Inu Price Drop and Its Impact

The recent decline in the price of Shiba Inu (SHIB) has caused the cryptocurrency’s position in the global market rankings to fall. From its peak in October 2021 at $0.000088, Shiba Inu was once among the top ten cryptocurrencies with the largest market capitalization.

Read also: Ethereum Price Slips as Two Major Whales Spark a Big Shake-Up

However, the recent decline has pushed Shiba Inu out of the top ten, which marks a major challenge for the community. This decline has not only affected the rankings, but also raised concerns among SHIB holders.

Despite a small gain of 1.05% in the last 24 hours (3/8), the weekly decline of 13.23% shows the high volatility in the cryptocurrency market.

Top Priorities for Shiba Inu Development

Kaal Dhairya, one of Shiba Inu’s lead developers, recently emphasized that the top priority for the Shiba Inu ecosystem is unity. Through a tweet, Kaal called for the community to unite in the face of external pressures that have pushed Shiba Inu out of the top ten rankings.

According to him, the main challenge faced today is the lack of unity, characterized by the presence of internal divisions and constant fighting. Kaal argues that achieving this unity requires empowering the SHIB DAO and creating authentic community governance.

By adopting decentralized and inclusive decision-making, every member of the Shiba Inu community will have an equal voice, which will eliminate favoritism and ensure transparency.

DAOs should manage community projects democratically, supporting initiatives that deliver real value while ensuring no project is overlooked.

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Appeal to the Shiba Inu Community

In his appeal to the Shiba Inu community, Kaal stated,

“Let us unite behind a just Shibarium, led by the community, driven by unity, accountability and authentic democratic governance.”

This demonstrates a commitment to strengthening the foundations of the community as the key to overcoming the challenges at hand. Kaal believes that with cooperation and effective governance, Shiba Inu can return to a stronger position in the cryptocurrency market.

This development is not only important for the price recovery of SHIB, but also for the long-term future of Shiba Inu as a sustainable and influential cryptocurrency.

Overall, with a focus on community unity and empowerment, Shiba Inu seeks to overcome the challenges faced and strengthen its position in the cryptocurrency market.

The steps taken by the developers and community will determine the future of SHIB in the face of a highly competitive and unpredictable market.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• U.Today. Shiba Inu Major Dev Unveils Ecosystem’s Top Priority as SHIB Price Dips. Accessed on August 4, 2025