Why Is Shiba Inu Going Up? SHIB Price Breakdown

Today, August 7, 2025, the Shiba Inu (SHIB) price has rebounded. At the time of writing, SHIB is trading at around $0.00001268, up 4.6% in the last 24 hours. It’s the 22nd largest cryptocurrency, with a market cap of over $7.4 billion and a daily trading volume of $161 million. So, why is Shiba Inu going up?

Key Points:

• Expected inclusion of crypto in 401(k) plans
• Positive sentiment toward memecoins 
• Increased buying interest 

SHIB is the second-largest memecoin currently, following Dogecoin (DOGE), which is up by around 6% in the last 24 hours. Other top memecoins, like PEPE, PENGU, and BONK, also increased in price. 

SHIB Rallies on Expected Trump Order Allowing Crypto in 401(k) Plans

A major reason behind today’s crypto market rally, and why is Shiba Inu coin going up, is anticipation around Donald Trump’s expected executive order that would allow crypto assets in 401(k) retirement plans. According to a Bloomberg report, the upcoming order is expected to expand retirement access to alternative assets like private equity, real estate, and cryptocurrencies. This move signals potential mainstream adoption, as it could bring crypto to millions of retirement accounts across the U.S. Therefore, it raised bullish sentiment across the crypto market. In the last 24 hours, the total market cap has surged by 3%, reaching $3.83 trillion.

Memecoins Remain Trending 

Memecoins continue to be highly popular, with market data showing strong trading interest in both new projects and established ones like Dogecoin and Shiba Inu. This trend, driven by social media hype and growing use cases, helps explain why is Shiba Inu going up. SHIB maintains its market position thanks to a strong community, an expanding ecosystem, and ongoing deflationary tokenomics. The community regularly conducts burn events, removing tokens from circulation and increasing scarcity.

Investors Now Inclined to Buy Than Sell

A shift in sentiment is a key reason why Shiba Inu is going up. While bearish trends prevailed yesterday, recent TradingView data shows a notable increase in buying pressure. In the last few hours, more traders have been favoring buys over sells, pushing the price upward. This change in momentum suggests growing confidence and could signal a potential short-term rally for SHIB.