Shiba Inu (Shib) is a cryptocurrency inspired by mock-inspired one with the shiba inu dog breed as its mascot. Shib’s ERC-20 token, born on Ethereum, was launched in August 2020 by the pseudonym founder “Ryoshi”, with the vision of creating a decentralized community-driven project.
What is shiba inu coins (SHIB)?
Originally known as “Dogecoin Killer,” Shiba Inu quickly gained the viral epidemic during the 2021 Memecoin Mania, its value soared and accumulated a big follower known as “Shib Army.”
Today, Shib has gone beyond its joke origins to become a wider INU ecosystem, which includes decentralized communication (shibaswap), NFTS, meta-projects under development, and even its own 2-layer blockchain called shibarium.
With a current market cap of around $700-800 million, Shiba INU always ranks the highest cryptocurrency by market cap and is the second largest memorial in the niche field (after Dogecoin).
Source: CoinMarketCap
Latest developments and ecosystems
Shibarium
One of the biggest updates is the launch and improvements of Shiba INU’s Layer 2 network. Since its launch, the development team has been fine-tuning shibarium – in June 2025, they are implementing major upgrades to improve network performance.
According to core developer Shytoshi Kusama, the June 2025 Shibarium update will “optimize the distribution of network validator nodes, solve transaction congestion issues, and provide more stable support for FEFI and NFT projects.”
This suggests that the team is addressing the pain of early growth (such as occasional congestion) to enhance Shia’s scalability and reliability. However, as mentioned earlier, early adoption rates are slow – Shibarium’s TVL is small compared to other chains.
Source: Defillama
Combustion mechanism
Another title development is Shiba Inu’s token burning program. In August 2024, Shibarium introduced an automatic burn mechanism related to transaction fees: 70% of Shibarium’s per transaction fee is now converted into wet bone and burned permanently (taken from the cycle), while the remaining 30% retains network maintenance.
This burning mechanic was activated through Hard Upgrade (BOR v1.1.2) on August 9, 2024, and is a long-awaited community request designed to gradually make Shib more scarce.
Since then, conventional combustion has occurred. In May 2025 alone, approximately 320 million chips burned through shibarium transaction fees, an increase of 18% compared to the same period of the year.
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A few months ago, it was common to have burns over 1 billion chips per week, but the momentum has slowed down in the past few weeks.
Shiba Inu is actively working on its Metavers and gaming projects in terms of ecosystem expansion. SHIB: The virtual world of the project is reportedly the expected virtual world of the project, and has entered the Alpha testing phase as of mid-2025
Yuan
Shiba Inu is actively working on its Metavers and gaming projects in terms of ecosystem expansion. SHIB: The virtual world of the project is reportedly the expected virtual world of the project, and has entered the Alpha testing phase as of mid-2025.
The Shiba INU team is laying the foundation for the mainland economy. For example, the virtual land map in Shib Metaverse will support multi-currency transactions using Shib and its sister tokens, bones and belts.
The team even launched an app for small trailers – for example, in March 2025, Shiba Inu Devs introduced a “fishing game” to test the in-game economic system of Metaverse.
These steps suggest that Shiba Inu is trying to transition from tokens purely with memes to a wider entertainment and defi ecosystem, which, if successful, may drive more organic demand for SHIB.
Chain data
Meanwhile, whale movement and market activity around SHIB are significant. Data on the chain suggests that large holders (whales) have been reducing their wet bone exposure in 2025, which affects price dynamics.
The total supply of Shibu held by whales (excluding exchanges) fell from about $743 trillion at the beginning of the year to about $723 trillion at the beginning of June, santiment data showed. In other words, the whale unloaded about 20 trillion in the first half of 2025, which is a major sell-off that reflects the cautious stance of big players.
Source: santiment
For example, there are some sporadic large deals, such as the 24.3 trillion brushes transferred to top wallets in a day in early June, the largest in six months, which caused a buzz in the community. However, overall whale trading volume fell by more than 90% compared to its early peaks.
It shows that many whales have stepped off the field after unloading. The Whale Exodus became apparent after the Shib price rally in May. By late May, whales’ Netflows became depth (-311%), and whale address counts fell slowly.
In fact, fewer large buyers in the market mean increased sales pressure and reduced liquidity, which has led to a speed price weakness in recent weeks.
defi
Shiba Inu launched Shibaswap in 2021 as its decentralized exchange and yield farming platform. Users can use (burial) to cut passive returns, provide liquidity and exchange tokens. ShibasWap also introduced ecosystem tokens such as Bone (now Shibarium’s gas token) and belt (originally a scarce token used for the rebirth mechanism and now a featured token in the ecosystem).
These components provide a pathway for wet skin holders to participate in Defi. However, compared to the main DEFI platform, ShibasWap has little user traction and the total value lock-in (TVL) on shibarium remains low (approximately $2.3 million).
Furthermore, Shib’s adoption in payments is surprising due to its popularity. Several crypto payment providers, such as BitPay and Now Payments, facilitate SHIB transactions, enabling merchants to accept SHIB and convert them to FIAT immediately.
It is worth noting that in the second half of 2021 and 2022, merchants such as AMC Theatre and some online retailers announced support for SHIB payments. While Memecoins is not widely used for everyday purchases, the fact that over 1.5 million wallets are held means there are many holders who can use it when they have the opportunity.
The potential integration of encryption in the X payment platform envisioned by Elon Musk is also a field of speculation – if Dogecoin is to be integrated, some people wonder if Shiba Inu will ride given its similar meme state. However, X’s payment system (X Money) is only launched with FIAT so any SHIB integration there is still purely speculative.
Tokens and communities
The current circular supply still has about 589 trillion chips, and the market value of Shiba INU is about US$750-78 million.
This huge supply means that even a relatively small target target will mean an astronomical cap of hundreds of billions or trillions of dollars, which is why the project’s communities are so focused on token burning to gradually reduce supply and create scarcity.
The Shiba INU team mainly reduces supply through Shibarium combustion mechanisms and regular community-led burns. While these are gradual steps—such as millions or billions of tokens burn here and there, a small portion of $589 trillion, the team highlights a long-term vision of deflation.
As shibarium usage increases, burn rates may accelerate. In fact, the 320m burned tokens in May 2025 increased by 18% year-on-year. Nevertheless, skeptics point out that at the current rate it will take decades to reduce the circular supply considerably, so unless Shib believes that the exponential growth of on-chain activity is still a tough battle.
Shiba Inu’s biggest basic asset is its community. Shib Army is one of the largest and most active crypto communities on social media. On X, @shibtoken’s official account and lead developers like Shytoshi Kusama have millions of followers, and whenever there is big news, there are hashtags like #Shibarmy trends.
On Reddit, R/Shibarmy calculated 500,000 members, many of whom actively discussed price speculation, memes and community-driven plans. This community proves to be good at viral marketing – from rally petitions to coordinating token burns.
In June 2025, the Shiba INU community reached a new milestone: More than 151,000 unique wallet addresses are now kept Shib, the highest level of holders.
The community remains the backbone of Shib, providing energy, marketing and basic needs levels.
Technical Analysis SHIB
Shiba Inu (Shib) is currently trying to recoup the $0.00001384 level, a historically significant resistance that marks the yellow horizontal line on the chart.
The 3-day candle (3D) is approaching this critical area, and confirming above closes it may open the roads of $0.00001478 and $0.00001585 for the next resistance zone. Instead, failure to break through the area could result in further lateral movements between $0.00001267 and $0.00001350, and even trigger a sharp downward movement that could approach $0.00001054 towards the support cluster.
Momentum indicators are providing conflicting signals over different time frames. While the daily (D1) and weekly (W1) relative intensity index (RSI) suggests bullish bias and upward momentum, the 3-day (3D), biweekly (2W) and monthly (M) RSIS remains invisible, pointing to potential downward pressure.
This difference emphasizes the uncertain short-term trajectory of SHIB, and confirming regions above 0.00001384 $0.00001384 is critical to any sustainable status.
Price forecast
If the cryptocurrency market strengthens in June and Shibarium’s early upgrades will boost confidence, Shib may lower its recent highs, and Shib may tilt toward higher confidence.
It may run again to $0.000017–$0.000018, which will be close to the May peak. This move, which earns about 30-40% from current prices, may require sparks – for example, a cumulative whales or a wave of retail meme hype.
Importantly, Shib is part of the Ethereum ecosystem, which itself shows signs of reintensity. As Ethereum-related assets begin to recover, Shib (as one of the most well-known Ethereum local meme coins) can follow the ecosystem-wide wave of momentum.
In the basic observation, assuming there is no unexpected negative development, Shib may gradually climb to the rest of June, ending with moderate gains. Trading volume and volatility may surge around any updates or meme coin narratives related to Shibery Palace.
Under these conditions, Schhib may gradually grind until June, perhaps at the end of the entire month, there are several percentage points overall. Volume and volatility may revolve around any significant event.
Even the return of $0.000014 means SHIB is roughly flat or slightly positive for the year – this improvement considering the uneven performance of the wider Altcoin market. That is to say, Shib is still not enough for large assets such as Bitcoin.
If the crypto bull run continues, there is potential for higher returns by the end of 2025, but in June, our forecasts remain relatively conservative.
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