Shiba Inu Team Says “We’re Still Very Much Alive,” But for How Long?

The Shiba Inu team has pushed back against doubts about the project’s existence and relevance, citing key metrics that show SHIB remains an active and widely traded token in the crypto market

Shiba Inu Remains Active

While the projection stirred optimism among supporters, skeptics questioned SHIB’s ability to achieve such a surge. Some pointed to the lack of strong momentum within the ecosystem, arguing that it remains insufficient to propel the token to new heights.

Building on these figures, the team confidently declared that Shiba Inu is “still very much here,” emphasizing that SHIB is not only alive but continuing to thrive in the crypto market

How Long?

While the metrics shared by the team indicate that Shiba Inu remains active, other stats, particularly the price, paint a different picture. Notably, SHIB has crashed 85.51% since reaching an ATH of $0.00008845 in October 2021. The token has also plummeted 39.6% YTD and has remained stuck around the $0.00001 price territory

Some enthusiasts attributed this lackluster performance to several factors, including the team’s anonymous leadership style, internal disputes among members, and the involvement of some team figures in promoting tokens outside the Shiba Inu ecosystem

Investors have also pointed to SHIB’s massive circulating supply of 589.24 trillion tokens as a key obstacle to growth. Despite reducing the total supply by 41% — from 1 quadrillion to 589.24 trillion — many community members stress that more aggressive token burns are necessary to trigger a more substantial rally

Critics warn that unless the team tackles these persistent challenges, SHIB could face an even steeper decline, making it difficult to reclaim its previous ATH or achieve a new record valuation