The Shiba Inu team responds to criticism and points to data to prove its strength.
- Shiba Inu Highlights Over 1,5 Million Holders
- Team responds to criticism about SHIB's relevance
- SHIB Token Faces 85% Drop From Top
The Shiba Inu development team has publicly responded to recent doubts about the project's relevance, highlighting on-chain metrics as a way to reinforce the ecosystem's legitimacy and continued activity. The move follows criticism of SHIB's weakening amid the rise of new meme coins and the evolution of blockchain projects.
Although the token is trading well below its all-time high—with a cumulative devaluation of 85,51% since October 2021—project leaders have emphasized that Shiba Inu remains functional and has a significant user base. Currently, the asset is trading at around $0,00001218, down 5% in the last 24 hours.
In a post after Bitcoin reached its all-time high of $126.198, the official SHIB account suggested that the token could be the next to reach a new peak. The price needed for this to happen would be a rise of over 586%, taking into account the all-time high of $0,00008845.
Bitcoin all-time highs. $ SHIB next? 👀 https://t.co/eXH7Mzg8fd
- Shib (@Shibtoken) October 6, 2025
Optimism, however, was not unanimous. Users on social media questioned whether the project was still "alive." The team responded with data: over 1,5 million active holders and a daily trading volume of over $214 million. "We are still very much present," the team reinforced, signaling that market interest remains high.
Despite this, community members have highlighted internal obstacles that hinder the token's progress. Among their concerns are the anonymous leadership style, disputes between influential figures within the project, and member involvement with tokens outside the Shiba Inu ecosystem, which raises questions about its focus and governance.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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