The Shiba Inu team has pushed back against doubts about the project’s existence and relevance, citing key metrics that show SHIB remains an active and widely traded token in the crypto market.
Following Bitcoin’s new all-time high of $126,198 yesterday, Shiba Inu’s official X handle teased that SHIB could be the next token to reach a record peak. At the time of the post, SHIB traded at $0.00001290, which implies it would need a 586% rally to surpass its previous all-time high of $0.00008845.
Shiba Inu Remains Active
While the projection stirred optimism among supporters, skeptics questioned SHIB’s ability to achieve such a surge. Some pointed to the lack of strong momentum within the ecosystem, arguing that it remains insufficient to propel the token to new heights.
Notably, one user took things to another level by questioning whether the Shiba Inu project was still in existence. In a confident and data-driven response, the Shiba Inu team highlighted the project’s continued strength and relevance in the crypto market.
According to the team, SHIB, the primary token of the Shiba Inu ecosystem, boasts over 1.5 million on-chain holders. It also sees a daily trading volume of over $214 million.
Building on these figures, the team confidently declared that Shiba Inu is “still very much here,” emphasizing that SHIB is not only alive but continuing to thrive in the crypto market.
Over 1.5M on-chain holders.
$214.5M in 24h volume.
Yeah… we’re still very much here 😉— Shib (@Shibtoken) October 6, 2025
How Long?
While the metrics shared by the team indicate that Shiba Inu remains active, other stats, particularly the price, paint a different picture. Notably, SHIB has crashed 85.51% since reaching an ATH of $0.00008845 in October 2021. The token has also plummeted 39.6% YTD and has remained stuck around the $0.00001 price territory.
Some enthusiasts attributed this lackluster performance to several factors, including the team’s anonymous leadership style, internal disputes among members, and the involvement of some team figures in promoting tokens outside the Shiba Inu ecosystem.
Investors have also pointed to SHIB’s massive circulating supply of 589.24 trillion tokens as a key obstacle to growth. Despite reducing the total supply by 41% — from 1 quadrillion to 589.24 trillion — many community members stress that more aggressive token burns are necessary to trigger a more substantial rally.
Critics warn that unless the team tackles these persistent challenges, SHIB could face an even steeper decline, making it difficult to reclaim its previous ATH or achieve a new record valuation.