Shiba Inu, Will It Rise Again? The Possibility of Recreating the 85,000,000% Myth

▲ Shiba Inu (SHIB)/ChatGPT Generated Image ©

Shiba Inu once wrote a myth of an 85,000,000% surge, but it has now fallen to $0.0000056, and analysis suggests that its rebound depends on its burning mechanism.

According to cryptocurrency media Watcher.Guru on May 4 (local time), Shiba Inu (SHIB) is currently trading at around $0.0000056 and has been on a bearish trend since 2026 without significant upward momentum. Unlike its sharp rise during the past memecoin frenzy, market interest and liquidity have significantly decreased recently.

Shiba Inu's all-time high was $0.00008616, recorded in October 2021. At that time, it surged by approximately 1,000% in one month, and its cumulative increase between 2020 and 2021 reached 85,000,000%. During this period, Shiba Inu recorded returns exceeding Bitcoin, Ethereum, and the US stock market, being evaluated as one of the highest-performing assets in the market.

On the other hand, its all-time low was $0.00000000005637, recorded in November 2020, a period when it traded with ten '0's immediately after its launch. Less than a year later, it removed six '0's, leading to a sharp price increase and bringing massive profits to early investors.

However, since 2021, Shiba Inu has failed to recover its peak and has entered a stagnant phase. The current price trend is evaluated as having failed to secure the explosive upward momentum seen in the past, and its presence in the market has also significantly weakened.

Analysis suggests that the future price direction depends on the token burning mechanism. If the total supply of 549 trillion tokens is not sufficiently burned, the influx of new investors may be limited. Conversely, if large-scale burning occurs, there is a possibility that a rebound opportunity could be created through improved supply and demand.

*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*