The Shiba Inu price fell to $0.0000043 on Thursday after the surprise resignation of Nvidia CEO Jensen Huang dragged down technology stocks and, with them, the entire crypto market. What the
The Shiba Inu price fell to $0.0000043 on Thursday after the surprise resignation of Nvidia CEO Jensen Huang dragged down technology stocks and, with them, the entire crypto market. What the data shows: SHIB lost 3.7 percent in 24 hours, Bitcoin 3.5 percent, and Nvidia shares at times fell around 12 to 13 percent in early US trading. Our assessment follows further below. For SHIB, the low of the year from July is back within reach, and the next test is Nvidia's quarterly report on Tuesday, November 17.
If you hold SHIB at a loss, you should know the figures before you trade. This article explains what happened at Nvidia, why a chipmaker moves a memecoin, which levels now matter on the SHIB chart and what to consider when choosing an exchange.
At around 5:45 p.m. CET on Thursday, Shiba Inu (SHIB) cost $0.0000043 or €0.00000389 according to CoinGecko. The range over the past 24 hours ran from $0.00000449 down to $0.00000423. Over the week the token is down 7.7 percent, over 30 days 17.7 percent. Our Shiba Inu price prediction works through several scenarios for where the price could head over a horizon of months.
SHIB has thus lost almost 38 percent since the start of the year. On January 1 the closing price was still $0.00000692, and the token marked its high for the year on January 6 at $0.00000925. SHIB is around 95 percent below its record high from October 2021, which was $0.00008616 at the time. Market capitalisation is now about $2.53 billion, enough for 37th place in the CoinGecko ranking.
Turnover stands out. Around $50 million was traded in the 24 hours to the afternoon, slightly less than the 30-day average of a good $53 million. Thursday's decline was therefore a slide on thin trading rather than a sell-off with panic volume. That matters for the assessment. A price that falls without heavy turnover points more to a lack of buyers than to mass selling.
At the same time, Bitcoin fell to $71,559. The largest cryptocurrency is thus 8.4 percent below its level of the previous week and around 14 percent below its mid-October value, when the board still showed a good $83,000. Dogecoin, the other large memecoin, fell 4.6 percent to $0.0655 on Thursday, slightly more than SHIB.
Nvidia announced on Thursday that its board had already accepted Jensen Huang's resignation on Wednesday. According to TechCrunch, Huang is stepping down with immediate effect as president and chief executive and is giving up his seat on the board. He co-founded the chipmaker more than three decades ago and has led it ever since.
Chief financial officer Colette Kress, who has been responsible for Nvidia's finances since 2013 and keeps that role, takes over on an interim basis. The board says it is searching for a successor both internally and externally. Harvey C. Jones, a board member since 1993, was named chair of the board. The company gave no reason for the resignation in its statement and thanked Huang for his “immeasurable contributions” to the company and the industry.
The stock market reacted sharply. According to TechCrunch, the shares fell almost 12 percent in early trading, and other reports cite more than 13 percent at times. Since last Friday the loss adds up to as much as 19 percent, equivalent to more than $855 billion in market value. Nvidia is the heavyweight in the Nasdaq 100 and the S&P 500, and a slump of this size noticeably drags the indices down with it.
At the top of Nvidia, the chief executive's chair is filled only on an interim basis for now. CFO Colette Kress takes over until a successor is found.
At first glance, graphics processors and a memecoin have nothing to do with each other. The link runs through risk appetite, the willingness of investors to put money into volatile assets. When the most important stock of the AI boom falls by double digits, many funds and retail investors sell first where volatility is greatest. Bitcoin reacts, altcoins more strongly, and memecoins such as SHIB often most of all.
The second channel is leverage. Many traders hold positions in stocks and cryptocurrencies on the same platforms and with the same collateral account. If a stock position goes into the red, they have to post more collateral or sell elsewhere, and liquid crypto assets are suited for that. A case from Thursday shows how direct the connection has become. According to the analytics service Lookonchain, a trader with the handle 0x7368 had a leveraged long position on Nvidia of 9,959 units worth around $1.54 million fully liquidated, meaning forcibly closed. Lookonchain analyses blockchain data, so the bet on the stock ran through a trading venue on which crypto assets are also traded.
For SHIB, there is also the fact that the token was already weakened before Thursday. It has been falling more steeply than Bitcoin since mid-October, and anyone looking to limit losses in such phases tends to part with the weaker asset first. The Nvidia shock accelerated an existing downtrend but did not cause it.
We last assessed the SHIB price on Wednesday evening, looking at the weak use of the project's own blockchain (Shibarium with 691 transactions a day). At around 5:45 p.m. on November 11, SHIB stood at $0.00000446. Since then the token has lost 3.6 percent and slipped to $0.0000043.
Two things have changed since then. First, the ceiling of $0.0000045 cited at the time is no longer in play. SHIB came as close as $0.00000449 overnight into Thursday but turned lower there. Second, SHIB slid to $0.00000423 during the day. The distance to the low for the year has thus shrunk from a good 8 percent on Wednesday to around 4.5 percent.
Blockchain data provide a counterweight to the price action. According to CryptoQuant data reported by the portal U.Today on November 10, a net 114.6 billion SHIB or so flowed out of trading venues within 24 hours. The balance held on exchanges fell by about 1.37 percent over that period.
Netflow is the difference between deposits to exchanges and withdrawals from exchanges. When it is negative, investors withdraw more tokens than they deposit to sell. This is often read as a sign that buyers are moving their tokens into self-custody. On November 9 we had already reported on 86 trillion SHIB held on exchanges. Measured against that, an outflow of a good 114 billion tokens is noticeable but no turnaround.
The sequence matters. The outflows were measured before the Nvidia resignation. Only the next daily data will show whether they survived Thursday's price drop. In any case, a negative netflow alone has not supported the price in recent weeks.
The low for the year of $0.00000411 from July 17 is the last safeguard beneath the SHIB price.
The first level on the downside is Thursday's daily low of $0.00000423. If it holds, the market has absorbed the Nvidia shock in SHIB for now. If it breaks, the next support only comes at the low for the year from July 17. On that day SHIB closed at $0.00000411, lower than on any other day of the past twelve months.
On the upside there are two hurdles. The first is the 24-hour high of $0.00000449, where SHIB turned overnight. The second lies at $0.000005. Since October 23, SHIB has traded below it throughout in CoinGecko's daily data, whereas in mid-October the price was still hovering around this round mark. As long as the price stays below it, the downtrend since early October remains intact. On October 10, SHIB still stood at $0.00000546.
If you use a stop-loss order, an automatic sale from a set price, it is better not to place it exactly on a round or closely watched level. Many orders sit there, and a brief dip can trigger them before the price turns again. For SHIB, a small gap below the low for the year is more common than an order directly at $0.00000411.
The next fixed date is already set. On Tuesday, November 17, Nvidia will report its quarterly results, according to TechCrunch. The company usually publishes them after the US market close, which means late evening in Europe. It is the first report under interim leadership, and the interim chief executive is also the chief financial officer.
For the crypto market, sentiment afterwards matters more than revenue. If Nvidia confirms demand for AI chips, the technology sector can stabilise, and Bitcoin usually with it. If the figures or the outlook disappoint, a second wave of selling in risky assets looms. The past weeks show how sensitively SHIB reacts. Over 30 days the token lost 17.7 percent, Bitcoin around 14 percent.
When buying, it pays to look at authorisation. Under the European MiCA regulation, trading venues need a licence as a crypto-asset service provider, which is listed in the register of the European Securities and Markets Authority, ESMA. Our comparison of regulated crypto exchanges shows which exchanges hold one and what they charge for SHIB. If the price slump has you thinking more about Nvidia shares than about memecoins, the comparison of crypto brokers lists providers offering stocks and crypto assets under one roof.
After a day like this, leverage calls for particular caution. A liquidation is the forced closure of a leveraged position when the posted collateral no longer covers the losses. With ten times leverage, a counter-move of around 10 percent is enough to wipe out the collateral. On Thursday alone, SHIB swung between $0.00000423 and $0.00000449, a range of a good 6 percent. Two such days in a row are enough.
Our assessment: Jensen Huang's resignation is no SHIB-specific event. It does, however, hit the token at a time when it is attracting no buyers anyway. One point in favour of this view is that SHIB fell on slightly below-average turnover of $50 million and has traded below $0.000005 throughout in the daily data since October 23. The distance of only around 4.5 percent to the low for the year at $0.00000411 also supports it. The negative netflow of a good 114 billion SHIB, which CryptoQuant measured before the resignation, speaks against it. Some holders are taking tokens off exchanges instead of selling them.
The editorial team's conclusion: until Nvidia's results on November 17, the technology sector is more likely to set the direction than any event around SHIB itself. If the low for the year holds, Thursday would be another setback in the ongoing downtrend. If it breaks, SHIB would have reached its lowest level in more than a year. This is not a recommendation to buy or sell. SHIB remains a memecoin with the risk of total loss.
(As of November 12, 2026. This article is not investment advice. Prices and fee structures change; check the terms with the provider before you buy.)
