- Shiba Inu holders dropped 0.006%, the first decline in two years, as SHIB trades nearly 40% lower YTD.
- 24-hour trading volume fell 32% to $219M, showing weaker investor activity and dampened price momentum.
- Meme coin hype is fading, and SHIB risks losing relevance unless it can attract new retail investors or add real utility.
For the first time in two years, Shiba Inu’s total holder count has slipped. Etherscan data shows SHIB holders declined by 0.006% in early October 2025. While the drop seems small, it signals a shift in sentiment: investors who once rode the meme coin’s viral wave are now stepping aside. Year-to-date, SHIB is down nearly 40%, leaving many holders deep in losses and hesitant to add more.
Trading Volume Drops Sharply
According to CoinGecko, Shiba Inu’s 24-hour trading volume has fallen 32%, sliding to $219 million. The slowdown in activity shows fewer buyers and sellers engaging with the token, creating sluggish upward momentum and faster, sharper dips. Compared with other altcoins showing strong returns, SHIB’s lack of price movement makes it less attractive to traders looking for gains.
Market Struggles Against Rivals
SHIB has been stuck between $0.000011 and $0.000012 for six months, unable to break higher. Meanwhile, tokens like XRP, ADA, SOL, and BNB have outperformed with double-digit returns, drawing investor attention away from meme coins. Once the darling of speculative crypto markets, Shiba Inu is now at risk of being overshadowed by projects with stronger fundamentals and utility.
Can Shiba Inu Recover?
The meme coin segment itself has cooled, losing its once-dominant role in the market. SHIB’s survival now hinges on whether it can reinvent itself with new use cases, utility, or another burst of community-driven hype. Without those, its reliance on past fame and viral culture may not be enough to sustain growth. To mount another rally, Shiba Inu would need a wave of new retail investors like the one that fueled its rise in 2021.
