Despite Recent Ups and Downs, Shiba Inu (SHIB) Shows Signs of Life

Over the past year, the meme coin has dropped by around 40%.

Shiba Inu (SHIB) is a meme coin created by an anonymous developer, known as Ryoshi, on July 31, 2020. The coin, featuring the Shiba Inu dog breed as its mascot, is also part of an ecosystem that includes several other crypto assets, the decentralized exchange ShibaSwap, and a layer-2 network called Shibarium.

The Shiba Inu token was launched during the year of the bull market, aiming to build a decentralized community. Its community members are supporters of the coin who wish to see it succeed against Dogecoin. However, unlike Dogecoin, Shiba Inu has no unique use case. Its main applications are in traditional areas: sending tokens to other crypto addresses, contributing to liquidity pools on decentralized exchanges, and trading on those platforms. In some cases, it’s accepted as a form of payment.

On April 30th, the Shiba Inu community burned 284 million tokens in just 24 hours. This effort is part of a broader strategy to reduce supply and increase the token’s value.

Key figures in the community, like Shytoshi Kusama and Kaal Dhairya, are leading the initiative. The burn highlights SHIB’s commitment to long-term value growth. As the community emphasizes, this move is crucial for the coin’s future.

The burn’s immediate impact could lead to higher demand and potentially drive up SHIB’s price. With the burn process becoming more automated, it could offer consistent supply reductions and strengthen investor confidence in SHIB’s market position.

Shiba Inu crypto price prediction: general outlook

The current price of Shiba Inu (SHIB) is $0.0000127, as of May 5, 2025. Over the last 24 hours, the price has moved by -2.2%, with a change of -0.46% in the past hour. For longer-term performance, the price has varied by -8.86% over the last 7 days and by 2.83% in the past month.

SHIB’s recent ups and downs reflect what’s going on in the wider crypto space — uncertainty is everywhere. Prices have taken a hit lately, but there’s also a spark of optimism thanks to rising investor interest and some exciting updates from the Shiba Inu team. The recent 284 million token burn on April 30, combined with progress on the Shibarium layer-2 network, shows the community’s commitment to long-term value creation and utility.

Still, SHIB remains a high-risk, high-volatility asset. Its price is heavily influenced by speculative trading, social media trends, and general sentiment in the meme coin space. While technical improvements and ecosystem expansion could support gradual growth, sustained gains will likely depend on broader market recovery and continued community engagement.

In short, SHIB is showing some signs of life — but its future remains closely tied to market cycles and ongoing adoption efforts.

What does the SHIB price prediction for May 2025 look like according to analytical sites? Will Shiba Inu go up or down?

Shiba Inu price prediction: May 2025

CoinCodex gave a slightly negative Shiba Inu price prediction for May 2025, expecting the coin to drop to $0.00001319 by May 31. The site’s technical analysis was neutral overall, with 12 indicators showing bearish signals and 16 showing bullish ones.

Wallet Investor was more optimistic in its Shiba Inu price forecast, suggesting that SHIB could have a positive month, with the price potentially climbing to a maximum of $0.0000152 by mid-May 2025.

DigitalCoinPrice had a more cautious projection for SHIB. Looks like SHIB might just stay put near $0.0000135 this May, without much movement either way.

Should you invest in Shiba Inu? That ultimately depends on your risk tolerance and expectations for SHIB. Recently, the token has shown signs of recovery, fueled by efforts from the community, such as large-scale token burns. Price predictions for May 2025 are mixed — ranging from modest gains to slight declines — highlighting the uncertainty that still surrounds the coin.