Retail investor dashboards reveal heightened search activity for SHIB-related terms since May The cryptocurrency market saw a wave of sell-offs this week due to news from the Federal Reserve, and Shiba Inu was a part of the pullback. But even with a big valuation contraction this week, the token is still up 108% year to date as of this writing. Investor sentiment drives cryptocurrency markets and shifts in risk appetite, especially during economic uncertainty, can move investors away from speculative assets like memecoins. Regulatory changes and global economic conditions can also influence the cryptocurrency market, affecting Shiba Inu's growth.