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- SHIB trades at $0.00001290, down 85% from its 2021 peak.
- Over 1.5 million holders and $214M daily volume signal ecosystem strength.
- Aggressive token burns and innovation may determine SHIB’s future.
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Shiba Inu (SHIB), once the darling of the meme coin boom, is now navigating choppy waters. After years of hype and rapid growth, the token is confronting a combination of market fatigue, falling prices, and questions about long-term innovation. Despite these challenges, the Shiba Inu team is doubling down, presenting data to reinforce the project’s relevance in the crypto space.
Over 1.5M on-chain holders.
— Shib (@Shibtoken) October 6, 2025
$214.5M in 24h volume.
Yeah… we’re still very much here 😉
SHIB Team Pushes Back Against Doubt
In response to growing concerns, the Shiba Inu team highlighted the strength of its ecosystem. The token currently boasts over 1.5 million on-chain holders and daily trading volumes surpassing $214 million. According to the team, these figures demonstrate that SHIB still commands a significant presence in the market.
The ecosystem remains active and vibrant, with liquidity levels and trading activity signaling continued investor interest. For many supporters, these metrics indicate that Shiba Inu retains value beyond mere hype, reinforcing the project’s claim to being a serious digital asset.
Price Struggles and Market Fatigue
Despite the team’s assurances, SHIB’s price tells a different story. Trading at approximately $0.00001290, the token has dropped over 85% from its all-time high of $0.00008845 in 2021. Year-to-date, SHIB has lost nearly 40%, showing minimal correlation with Bitcoin’s recent gains.
Critics argue that visibility alone isn’t enough for growth. Some investors are concerned about slow ecosystem development and limited innovation. The token’s massive supply—over 589 trillion coins still in circulation—also keeps upward price movement constrained, even with 41% of the supply burned. Many community members are calling for more aggressive burn strategies to support long-term value.
Also Read: Shiba Inu Breakout: SHIB Gains Momentum and Eyes $0.00001300
Community Optimism Remains
Despite these challenges, the Shiba Inu community remains resilient. Loyal supporters continue to advocate for development updates, innovative features, and stronger deflationary mechanisms. While SHIB faces headwinds, the project’s dedicated user base acts as a stabilizing force, keeping hope alive for a potential rebound.
Shiba Inu is at a crossroads. With falling prices and lingering doubts, the project must innovate and strengthen trust to sustain growth. Yet, the active community, substantial liquidity, and ongoing trading activity suggest that SHIB isn’t ready to fade quietly from the crypto landscape.
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Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
I’m your translator between the financial Old World and the new frontier of crypto. After a career demystifying economics and markets, I enjoy elucidating crypto – from investment risks to earth-shaking potential. Let’s explore!
