Dogecoin and Shiba Inu lag market as memecoins continue to lose ground to bitcoin
Despite increased whale accumulation, both DOGE and SHIB face selling pressure unless they reclaim key technical levels.
Meme coins remained under pressure as traders continued to rotate away from higher-beta exposures, even as broader crypto markets showed selective stabilization.
Assets such as ether
ETH
$2,962.06
held comparatively firm, while speculative tokens like DOGE and SHIB continued to lag, reinforcing a widening performance gap inside the market.
The divergence comes despite incremental improvements in market structure for Shiba Inu.
Coinbase recently launched regulated SHIB futures contracts tied to its 1,000-token index, expanding compliant derivatives access in the U.S.
While the development strengthens SHIB’s longer-term institutional framework, near-term price action across meme coins has remained dominated by technical factors rather than regulatory milestones.
DOGE traded within a narrow $0.004 range, briefly stabilizing near $0.1258 before settling around $0.1262. Bounce attempts were short-lived, with sellers re-emerging quickly above $0.13.
SHIB showed comparable behavior, stabilizing after intraday weakness but failing to generate meaningful upside follow-through.
The synchronized price action reinforces the view that meme coins are currently trading as a single risk bucket rather than on token-specific catalysts.
