With the market shaky and cryptocurrencies continuing their downtrend, an XRP investor has abandoned the token in favor of dog-themed meme coin Shiba Inu (SHIB). Her sudden portfolio shift has drawn significant attention in the broader crypto community, with some criticizing her choice of coins and others labeling the move a big mistake.
Crypto Investor Dumps XRP For Shiba Inu
Dubai-based XRP investor Sheikhah Alya recently announced on X that she has officially sold all her XRP holdings and bought Shiba Inu. The short post immediately caught the attention of members of the crypto community, with many questioning her decision.
Although the move may have seemed sudden, Alya has long been a vocal supporter of Shiba Inu, often touting the popular meme coin on her social media page. The former investor had projected earlier on January 30, 2026, that Shiba Inu could reach $1 per token. This ambitious forecast, along with her confidence in the meme coin’s future price, likely motivated her decision to switch from XRP to SHIB.
Alya has faced significant backlash from members of the crypto community who do not share her enthusiasm for Shiba Inu. One member said, “Selling XRP was the wrong choice,” underscoring the cryptocurrency’s previous performance and long-term potential. Others labeled her move “a bad trade” and a mistake, questioning why she chose SHIB over XRP.
While many disapproved of Alya’s SHIB move, one community member questioned why she chose meme coins at all rather than alternative cryptocurrencies. He called her investment “a bad decision,” reflecting broader skepticism toward meme-based cryptocurrencies, which are known for their highly volatility and risk in certain market conditions. Despite the criticism, a portion of the crypto community supported her SHIB choice and bullish sentiments.
The Altcoin Price Performance Compared To SHIB This Week
Over the past week, the Shiba Inu price has crashed more than 13%, pushing the meme coin down to $0.0000059. CoinMarketCap data shows that SHIB is down today because its price is moving in line with Bitcoin’s, which recently fell below $70,000. SHIB’s downtrend has also been attributed to extreme fear sentiment, as investors’ confidence in the meme coin continues to deteriorate.
Despite SHIB’s weak performance, many advocates like Crypto SHIB maintain overly positive outlooks, predicting that the meme coin could reach $1 in the next 30 days.
In contrast, the XRP price has declined by more than 12% over the past week, and is currently trading above $1.40. The cryptocurrency is only down slightly today, driven by the broader market sell-off. Market analyst CryptoSensei has said that XRP is already showing a strong recovery among top altcoins. He forecasts that the cryptocurrency could soon head back towards $2.
Featured image from Adobe Stock, chart from Tradingview.com
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