Shiba Inu Price Drops 2.906% Amid Focus on Utility Over Price

Shiba Inu's latest price was $0.00001212, down 2.906% in the last 24 hours. The cryptocurrency's current strategy does not aim for $1 per token. Experts question the feasibility of achieving a $589 trillion market cap, which would be required for the token to reach $1. The community's focus remains on building utility within the ecosystem rather than chasing unattainable price targets. Shiba Inu's founder, Ryoshi, and project lead, Shytoshi Kusama, have emphasized the importance of ecosystem and utility growth over unrealistic price objectives. The current supply of 589 trillion tokens makes reaching $1 per token highly impractical without drastic supply reductions, which have not been strategically planned. Shytoshi Kusama has stated that the focus is on building real utility in the ecosystem rather than unsustainable price predictions.

Market responses to Shiba Inu's price speculations reveal significant skepticism. Key figures, including Shytoshi Kusama, assert a focus on practical utility over price speculation. This stance aligns with the emphasis on sustainable project success over token price. Despite community-driven hype, major financial and regulatory bodies have not endorsed the feasibility of $1 SHIB. Such acknowledgment of practical limits reflects the need for realistic goal-setting within unstable and volatile market dynamics.

Comparing the meteoric rise of Shiba Inu in 2021 to previous meme coin rallies, analysts emphasize the influence of social media rather than sustainable fundamentals. Unlike DOGE, SHIB lacks a clear path through intrinsic value escalation, noted by historical performance data. Experts predict that without near-total supply reduction, the ambition of hitting $1 remains impractical. Historically, no large-cap tokens have overcome such pricing challenges without fundamental shifts, as market conditions often dictate sustainable growth limitations.

Shiba Inu's burn rate has skyrocketed by over 200,000% in the last 24 hours, resulting in roughly 4.5 million SHIB tokens sent to a null address. While the USD equivalent of the destroyed stash is negligible, continuous burning efforts will make the asset scarcer and could positively impact its valuation should demand not diminish. Since introducing the program, the team and the community have burned approximately 410.75 trillion tokens, leaving 584.68 trillion in circulation. Some analysts continue making bullish predictions despite SHIB’s negative performance as of late. However, important indicators hint that the correction might intensify in the short term. Daily transactions processed on the layer-2 scaling solution Shibarium have plummeted to monthly lows, showcasing decreased user engagement in the ecosystem. In addition, Shiba Inu’s exchange netflow has been predominantly positive in the last week, meaning that investors have shifted from self-custody methods toward centralized platforms, which increases the immediate selling pressure.

When examining SHIB’s performance and trying to predict its future price movement, it is always helpful to observe the overall interest in the asset. According to Google Trends, searches involving the meme coin in the past several months are far below the record high at the end of 2021 and the local peak in March last year. While this may sound like another bearish element, high retail interest typically comes late in the bull cycle when the price is already booming. That said, the current condition might be interpreted as a sign indicating there’s more room for growth.

Shiba Inu golden cross formed on the hourly chart signals potential bullish momentum. The golden cross occurs when a short-term moving average crosses above a long-term moving average, historically preceding stronger October moves for SHIB in several years. The hourly golden cross suggests near-term bullish momentum for SHIB but does not guarantee sustained gains. Short-term crossovers often prompt increased trading activity and can precede larger moves if supported by rising volume and positive market catalysts. September often sets the tone for October, a month dubbed “Uptober” in crypto circles. Historical patterns show that when SHIB posts muted or negative returns in September, October has frequently delivered stronger gains, though outcomes vary by year.

Shiba Inu's price is poised for a potential 142% rally as market observers cite a triangle chart pattern nearing a breakout point in the cryptocurrency space. This anticipated movement could impact crypto market dynamics, spurring investor interest amid SHIB's notable burn rate increases and strategic ecosystem developments. The team behind Shiba Inu (SHIB), primarily anonymous developers, hasn't confirmed these projections. Speculation largely stems from technical indicators, with community engagement highlighted through burn events and ecosystem campaigns. Observers note SHIB's price actions can significantly influence meme coin volatility across the sector. Peers like DOGE also experience similar market-driven sentiment shifts.

Shiba Inu recently achieved a significant milestone in its ecosystem development. The token gained eligibility for cross-chain lending on a leading decentralized finance protocol, marking it as the first meme coin to attain this status on the platform. This integration potentially broadens its utility and accessibility within the DeFi space.

The token has garnered notable whale interest, with significant accumulation activity observed. Reports indicate a large wallet movement involving over 1.2 trillion SHIB tokens, suggesting substantial investor confidence or repositioning within the ecosystem during this period.

Community-driven initiatives remain a focus, including campaigns related to token burn mechanisms. September 2025 witnessed a dramatic surge in the token burn rate, reaching an extraordinary 201,000% increase. Despite these community efforts, generating significant fresh liquidity inflows into projects like ShibaSwap proved challenging for the ecosystem.

Technical chart analysis highlighted a potential pivotal moment for Shiba Inu's trajectory. Observers noted the token was approaching the critical endpoint of a symmetrical triangle pattern, a technical formation often preceding notable price movements. Speculation centered on whether a decisive breakout from this consolidation phase would occur imminently, with some technical discussions suggesting a key resistance level near $0.00001400. This pattern observation coincided with commentary suggesting a tight deadline of merely three days remaining before a breakout direction became likely.

However, the ecosystem faces headwinds regarding market attention. Concerns about a potential autumn decline emerged as interest appeared to shift towards newer coins promising novel features and potentially higher returns. Reports indicated some investors are exploring alternative investment opportunities, moving funds away from established meme assets like Shiba Inu. Analyst projections released during this period expressed caution regarding Shiba Inu's short-term momentum amidst this shifting landscape.