{"id":181753,"date":"2026-06-16T15:29:51","date_gmt":"2026-06-16T15:29:51","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=181753"},"modified":"2026-06-16T15:29:51","modified_gmt":"2026-06-16T15:29:51","slug":"key-shiba-inu-metric-plunges-to-a-5-year-low-shib-price-rally-on-the-way","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=181753","title":{"rendered":"Key Shiba Inu Metric Plunges to a 5-Year Low: SHIB Price Rally on the Way?"},"content":{"rendered":"

The meme coin sector, which was among crypto\u2019s sensations during the last bull run, no longer shows the same strength or investor enthusiasm.<\/p>\n

Shiba Inu (SHIB) \u2013 one of the most recognizable tokens of that type \u2013 has crashed<\/a> by roughly 65% over the past year, but one important factor signals that a recovery could be incoming.<\/p>\n

Finally, a Bullish Sign<\/h2>\n

The self-proclaimed Dogecoin killer currently trades at roughly $0.000005031, while its market capitalization remains below $3 billion. This means that SHIB is the 35th-largest cryptocurrency and third-biggest in the meme coin niche, trailing behind Dogecoin (DOGE) and MemeCore (M).<\/p>\n

Its condition seems unsatisfactory (to say the least); Shiba Inu\u2019s team has been rather inactive in expanding the ecosystem, yet the ongoing sell-off may be nearing exhaustion.<\/p>\n

CryptoQuant\u2019s data shows that the amount ot tokens stored on crypto exchanges has fallen to a five-year low of around 79.8 trillion. This trend points to investors moving away from centralized platforms in favor of self-custody methods, which, in turn, reduces immediate selling pressure.<\/p>\n

<\/a>SHIB Exchange Reserve, Source: CryptoQuant<\/p>\n

Some analysts believe a price revival might indeed be in the cards. X user Nehal thinks<\/a> that SHIB looks \u201cdangerously ignored\u201d at ongoing levels, adding that a 40-50% jump would not come as a surprise.<\/p>\n

So Many Bearish Elements<\/h2>\n

The shrinking SHIB supply on exchanges is among the few positive signals for the meme coin, while many others suggest the price could collapse further in the near future.<\/p>\n

The burn rate, for instance, has fallen by 62% over the past 24 hours, resulting in a negligible amount of tokens removed from circulation. The program\u2019s ultimate goal is to increase SHIB\u2019s value through scarcity, and over the past few years, the team and community have burned trillions of coins. Nonetheless, there are still around 590 trillion SHIB in circulation, which remains quite substantial.<\/p>\n

<\/a>SHIB Burn Rate, Source: shibburn.com<\/p>\n

Another issue is Shibarium\u2019s slowdown. The layer-2 scaling solution, launched in the summer of 2023 to boost speed, enhance scalability, and lower fees, initially handled millions of transactions. However, an exploit last year disrupted operations, and since then the figure has dropped significantly to mere hundreds and thousands.<\/p>\n

<\/a>Shibarium Daily Transactions, Source: shibariumscan.io<\/p>\n

The post Key Shiba Inu Metric Plunges to a 5-Year Low: SHIB Price Rally on the Way?<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

The meme coin sector, which was among crypto\u2019s sensations during the last bull run, no longer shows the same strength or investor enthusiasm. Shiba Inu (SHIB) \u2013 one of the most recognizable tokens of that type \u2013 has crashed by roughly 65% over the past year, but one important factor signals that a recovery could […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-181753","post","type-post","status-publish","format-standard","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/181753"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=181753"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/181753\/revisions"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=181753"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=181753"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=181753"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}