Shiba Inu (SHIB) has slipped out of the top 10 cryptocurrencies by market cap, with Tron (TRX) claiming the 10th spot after a 4.3% weekly gain.
SHIB fell 5.8% over the same period — a reminder of how quickly rankings can shift in a volatile market.
Crypto’s top-10 list is rarely static, but this week’s reshuffle was sharper than usual. Tron edged out Shiba Inu for the 10th spot on the back of a solid 4.3% rise, while SHIB moved in the opposite direction, dropping 5.8% and falling out of the rankings entirely.
| Asset | Weekly Change | Direction |
|---|---|---|
| Tron (TRX) | +4.3% | Up — took 10th spot |
| Shiba Inu (SHIB) | -5.8% | Down — lost 10th spot |
| Avalanche (AVAX) | +9.5% | Up — week’s top gainer |
| Solana (SOL) | Positive | Up |
SHIB wasn’t the only asset feeling pressure. Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) all posted price drops this week, underscoring just how uneven sentiment has become across the wider market.
On the other side of the ledger, Avalanche (AVAX) stood out as the biggest winner, climbing 9.5%, while Solana (SOL) and Tron also managed to post gains despite the broader downturn. Shiba Inu’s decline stands in contrast to those moves, highlighting how unevenly volatility can hit even well-known tokens.
Despite the setback in rankings, the Shiba Inu community hasn’t slowed its efforts. Recently, holders burned more than 300 million SHIB tokens in an attempt to shrink the circulating supply and support the price. So far, though, the burns haven’t been enough to move the needle — SHIB’s price has remained stuck in a narrow band between $0.000017 and $0.000018, facing meaningful resistance above that range.
Burns Alone Aren’t a Silver BulletReducing token supply can support price over time, but it doesn’t guarantee an immediate rally — especially when broader market sentiment is weak and resistance levels remain firm.
Community members — often referred to as the “SHIB Army” — are pushing for even more aggressive token burns and are calling on major exchanges like Coinbase to get involved and help accelerate the process. The logic is straightforward: a smaller circulating supply should, in theory, support a higher price over the long run.
A lot of that hope is now pinned on the upcoming Shibarium auto-burn system, expected to launch later this year. If it works as intended, the system would automatically burn a portion of tokens with every transaction, removing the need for manual, community-driven burn events.
Overall, sentiment across the crypto market remains guarded. SHIB’s community continues to push forward with its burn strategy, but the coin’s ongoing price struggles are really a reflection of broader market uncertainty rather than an isolated problem unique to Shiba Inu.
Stay Informed Before ActingRankings and prices can shift quickly in crypto. Investors should weigh these dynamics carefully and do their own research before making any decisions based on short-term market movements.
SHIB dropped 5.8% in a week while Tron (TRX) gained 4.3%, allowing TRX to overtake SHIB for the 10th spot by market capitalization.
The community recently burned over 300 million SHIB tokens in an effort to reduce circulating supply, though this hasn’t yet translated into a price increase.
It’s an upcoming feature set to launch later this year that would automatically burn SHIB tokens with every transaction, reducing reliance on manual community burns.
SHIB remained stuck between roughly $0.000017 and $0.000018, facing significant resistance above that level.
