Memecoins Under Pressure as SHIB, Dogecoin Slide After Shibarium Loses $2.4M in Hack

Memecoins are currently facing significant challenges as popular cryptocurrencies such as Shiba Inu (SHIB) and Dogecoin experience a decline in value. This downturn comes on the heels of a major security breach, during which the Shibarium platform suffered a substantial loss of $2.4 million due to a hacking incident. As a result, investors are growing increasingly concerned about the stability and security of these playful digital assets, leading to a lack of confidence in the broader memecoin market. source: https://www.coindesk.com/markets/2025/09/15/memecoins-under-pressure-as-shib-dogecoin-slide-after-shibarium-loses-usd2-4m-in-hack