- Shiba Inu’s team defends the project amid falling prices and community criticism.
- SHIB’s large supply and limited burns continue to hinder price growth.
- Critics question leadership transparency and ecosystem innovation despite strong trading activity.
Shiba Inu’s SHIB is going through a period of self-reflection. After being the favorite of the meme coin mania, the token is now facing skepticism of traders and critics. The prices are going down and the doubts are going up, so the team behind the project decided to bring out a series of data-driven assurances. They don’t stop to mention how the Shiba Inu ecosystem is so strong, active, and vibrant. However, when it comes to the next steps for SHIB, questions about the company’s innovation and trust still linger.
SHIB’S Team Pushes Back Against Doubt
The Shiba Inu team recently addressed the growing unease within the community. As a rebuttal to the accusations of losing relevance, they presented exact data to emphasize the staying power of the crypto asset. At present, SHIB is holding more than 1.5 million on-chain holders with a record of daily trading volumes that exceed $214 million.
Based on these figures, they believe that Shiba Inu is still a very powerful player that has a significant impact on the market in spite of the fact that it has experienced a few setbacks. The availability of high liquidity and the continuation of the activity are the indications that traders still perceive SHIB as a worthy digital asset.
Nevertheless, not all people are of the same opinion as these. Opponents of the project assert that mere visibility does not lead to growth. Many feel the ecosystem needs stronger development and more innovative features to sustain long-term growth. Market fatigue also plays a role. After years of hype cycles, many investors have shifted focus to new blockchain projects.
Price Struggles and Community Concerns
Contrary to the team’s confidence, SHIB’s price performance has been quite unforgiving. The token is currently trading close to $0.00001290, which is an 85.51% decline from the peak of $0.00008845 in 2021. The prices have gone down by almost 40% since the beginning of the year, and there has been no significant recovery trend. SHIB didn’t even follow through with Bitcoin’s record-breaking move to $126,198.
Reports of some developers promoting unrelated tokens have also strained trust among long-term supporters. Another major obstacle lies in the token’s massive supply. With over 589 trillion tokens still circulating, SHIB’s price remains weighed down. Although 41% of the original supply has been burned, holders believe more aggressive burns are necessary.
Without faster reduction, many fear the value may remain stagnant despite active trading. Still, hope persists within the community. Loyal supporters continue to advocate for development updates and stronger deflationary mechanisms. The Shiba Inu project, like a flame flickering against the wind, refuses to extinguish quietly.
