Shiba Inu’s Rollercoaster Ride: 18% Drop, But 1.5M Holders Still Betting on 2025 Comeback! 🎢

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Ah, Shiba Inu, that plucky little token that just refuses to die. Despite the recent market bloodbath, where it plunged a glorious 18%, it appears that Shiba Inu (SHIB) is still managing to puff its furry little chest out, defiantly waving the flag of “hold on, 2025 is going to be our year.” 🐾

And while most sane people would run for the hills, more than 1.54 million wallets have been snagging up this questionable digital dogecoin, suggesting an inexplicable but persistent faith in the token’s future. Yes, even as it continues its battle to stay above the monumental threshold of $0.00001. 🙄

Shiba Inu Investor Confidence: Are We All Just Delusional? 🤔

Despite the obvious odds, the wallet count keeps creeping up, as if investors are betting on the second coming of crypto. Data from Etherscan reports a rising number of holders, and on-chain analyst Etherscan_SHIB has the audacity to call it “strong momentum.” Momentum? Really? Well, I suppose if you squint hard enough, anything looks like momentum. 🙃

Currently, Shiba Inu (SHIB) is hanging out near the esteemed price point of $0.00000985, with a market cap of around $5.86 billion-down a hearty 47% from last year. But hey, if there’s one thing this token has going for it, it’s that meme appeal. Who doesn’t love a good underdog story, right? 🐕

Short-Term Woes: The Token That Can’t Seem to Catch a Break

Let’s not get too carried away with the “good vibes” here. Despite the whole “community support” thing, there’s a teeny tiny issue with Shiba Inu’s recent behavior: it’s moving to exchanges. Yes, you read that correctly-massive inflows to exchanges are up by a whopping 56.6 billion SHIB in just one day, according to CryptoQuant. Now, I don’t know about you, but this usually indicates one thing: people want to sell. 🤑

This delightful little game of musical chairs isn’t exactly helping Shiba Inu’s chances. If you need more proof, just check out the descending triangle formation on SHIB’s chart. It’s almost as if the universe is saying, “Good luck with that!”

That base support around $0.00001052 has been tested to exhaustion, and if it breaks, well, we’re looking at a potential plunge down to $0.000006. But let’s not dwell on such trifles. We’ve all seen worse, right? 😬

On the bright side, Shiba Inu has managed to avoid the horror of adding yet another zero to its price this week. A small win, but a win nonetheless. 🏆

Can Burns and Shibarium Save the Day? 🔥

As if the drama weren’t enough, the world’s crypto sages are still debating whether Shiba Inu can pull off a miraculous recovery in 2025. The optimists point to Shibarium, the layer-2 network, and the ongoing token burn efforts as the lifeline SHIB so desperately needs. After all, burning those 589 trillion tokens is bound to help, right? Or is it? 🤷‍♂️

Sure, they’ve got plans to reduce the supply, but critics argue that it’s just like trying to drain an ocean with a spoon. Still, the optimistic bull case has SHIB hitting anywhere between $0.000025 and $0.00005 in 2025-assuming the stars align and the DeFi, metaverse, and NFT promises somehow materialize. Yeah, sure, why not? 🌌

But until then, one thing is crystal clear: the 1.5 million holders of Shiba Inu are a stubborn bunch. Despite the odds, they’re holding onto their fur-covered dreams with all their might. As for the rest of us? Well, we’re just here for the ride. 🎢

Cover image from ChatGPT, SHIBUSD chart from Tradingview

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2025-10-23 06:16