Shiba Inu, will it rise again... 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 hinges on its burn mechanism.

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

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 from 2020 to 2021 reached 85,000,000%. During this period, Shiba Inu outperformed Bitcoin, Ethereum, and the US stock market, being considered one of the highest-yielding assets in the market.

Conversely, its all-time low was $0.00000000005637, recorded in November 2020, a period when it traded with 10 'zeros' immediately after its launch. Less than a year later, it removed 6 'zeros', leading to a rapid price increase and bringing massive profits to early investors.

However, since 2021, Shiba Inu has failed to recover its peak and entered a stagnation phase. The current price trend is assessed as lacking the explosive upward momentum of the past, and its presence in the market has also significantly weakened.

Future price direction, according to analysis, depends on its token burn mechanism. If the total supply of 549 trillion tokens is not sufficiently burned, the inflow of new investors may be limited. Conversely, if large-scale burning occurs, it could create an opportunity for a rebound 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.*