Shiba Inu (SHIB) Introduction

Shiba Inu (SHIB) is a cryptocurrency with the Japanese Shiba Inu as its mascot, launched in August 2020. Originally created as a meme coin to be the ‘killer’ of Dogecoin, SHIB has evolved beyond being just a meme coin and has built a complete DeFi ecosystem. Driven by a volunteer community, it supports NFTs, the Metaverse (SHIB: The Metaverse), and its own DEX - ShibaSwap. The project also introduced a token trio: SHIB, LEASH, and BONE, each playing different ecological roles.

SHIB spread rapidly through social media in the early stages of its launch, attracting a large number of retail investors. During the bull market in 2021, the coin experienced a massive pump and became one of the most eye-catching meme coins. Despite its significant subsequent decline in price, the development team did not give up but continued to advance ecosystem construction, making SHIB one of the very few meme coins with a long-term narrative.

Today’s price trend

Image:https://www.gate.com/trade/SHIB_USDT

Based on market data on May 22, 2025, the current price of Shiba Inu is $0.00001581, which has risen by 0.05% compared to yesterday.

• Opening Price: $0.00001576
• Highest Price: $0.00001588
• Lowest price: $0.00001498
• 24h rise: +0.05%

This slight rise reflects the market sentiment tending to stabilize. Despite the small fluctuation range, the price staying at a relatively high level indicates that investors’ confidence is still sufficient.

From the chart, SHIB is currently in a consolidation phase, with no breakthrough trend yet. The trading volume has slightly decreased, indicating that short-term traders have a stronger wait-and-see sentiment, and most of the main funds are mainly in a wait-and-see mode.

Market dynamics

• Trading Volume: The trading volume of SHIB in the past 24 hours is about 1.78 billion US dollars, slightly declining, indicating a decrease in short-term traders but large holders holding their coins.
• Number of holding addresses: According to on-chain data, the number of SHIB holding addresses has exceeded 1.45 million, indicating that the token still has a large user base.
• Whale movements: Recently, a ‘whale’ withdrew over 300 million SHIB from Binance, indicating optimism about the future rise.
• Technical indicators: The MACD indicator is near the zero axis, indicating that the market is in a consolidation phase; the RSI index is at 48, not yet in the overbought zone, still has room for pump.

In addition, on-chain data shows that the activity of DApps on Shibarium is steadily increasing, especially the significant increase in contract calls related to NFT and chain games, indicating a warming up of user activity.

Analysis of Influencing Factors

1. Market overall recovery: mainstream coins such as Bitcoin and Ethereum have recently risen simultaneously, injecting confidence into the entire crypto market.
2. Shibarium active growth: The second-layer network continues to develop, attracting more developers and users.
3. Enhanced ecological narrative: The Shiba Inu team recently updated the Roadmap, planning to expand more application scenarios.
4. Macroeconomic factors: The Fed’s interest rate policy tends to be moderate, market risk appetite is rising, which is beneficial for cryptocurrencies.

Investment advice

For beginners, it is recommended to first observe the medium and long-term trend of SHIB, and not blindly chase high prices. You can consider participating through phased building positions and combining a dollar-cost averaging strategy to reduce the cost of building positions. Since SHIB is a highly volatile asset, it is recommended to set up profit-taking and stop-loss mechanisms. If you are interested in the project’s ecosystem, you can also participate in the application interaction on Shibarium to deepen your understanding of the project through understanding the actual usage scenarios.

Summary

As the representative of meme coins, Shiba Inu not only has strong community support, but also continues to promote ecological development. Although the price has not risen much in the short term, it has certain investment potential in the long term. Novice investors should pay attention to capital management and make judgments based on the project’s fundamentals.

With the trend of meme coins gradually evolving towards ‘utility’, SHIB is expected to gain a longer lifespan as a bridging project.