Shiba Inu (SHIB), the iconic “Dogecoin killer,” remains a focal point in the cryptocurrency world as it battles fading volatility and seeks a new catalyst in May 2025.
Priced at approximately $0.000012, SHIB is far from its all-time highs but retains a devoted “SHIB Army” driving burns and upgrades to its layer-2 solution, Shibarium.
As meme coin mania cools, SHIB faces a critical moment: can it spark a new bull run, or will it fade into obscurity?
Here’s are the latest Shiba Inu coin news and updates.
Community-Driven Efforts and Shibarium Updates
SHIB Token Burns and Supply Reduction
The SHIB community has intensified efforts to reduce the token’s massive circulating supply through burns.
Last week, over 1 billion SHIB tokens were burned, with transactions of 17.8 million and 15.3 million SHIB on May 7 and May 10, respectively, boosting the weekly burn rate by 5.11%.
Facilitated via the ShibTorch portal, these burns aim to increase SHIB’s scarcity and value.
However, recent burns have had minimal price impact, with SHIB dropping 5.52% in a single day amid market corrections.
So, what’s powering SHIB today?
Let’s dive deeper.
Shibarium’s Role in SHIB’s Ecosystem
Shibarium, SHIB’s layer-2 network, received a significant update, as announced by the @Shibizens X account.
Designed to enhance scalability and support decentralized applications, Shibarium aims to bolster SHIB’s utility beyond its meme coin roots.
While the update has sparked optimism, SHIB’s price remains stuck in a volatile “boom-and-bust” cycle, heavily reliant on community hype and market sentiment.
How about technical analysis?
What can we see about the memecoin’s current trend?
Technical Analysis: SHIB’s Price Crossroads
Key Support and Resistance Levels
SHIB is trading around $0.000012, close to critical support between $0.0000135 and $0.0000130.
A golden cross—where the 50-day EMA nears the 200-day EMA—hints at bullish potential, but low trading volume raises doubts about its sustainability.
Investors need to create buying pressure to sustain that momentum.
The RSI at 50 reflects a lack of momentum, with a recent 137% 24-hour surge on May 21 proving fleeting.
A break above $0.000015 could push SHIB toward $0.000016, while a drop below $0.0000130 risks a slide to $0.000012.
Now lets look at the on-chain activity, which tells another story.
On-Chain Activity and Market Signals
On-chain data shows a 2,416.44% surge in SHIB’s circulation, indicating heightened activity.
This is a really positive sign.
However, weak buying pressure and reliance on speculative trading limit upside potential; hence why investor buying pressure is needed to create momentum.
And, unlike XRP, SHIB lacks a clear use case, making it vulnerable to market shifts.
Bitcoin’s rally past $100,000 has also drawn capital away from meme coins, putting additional pressure on SHIB.
However, investors speculate this tide might come to a shift sooner than later.
Let’s look at some of the market sentiment behind Shiba Inu coin.
Market Sentiment and External Factors
SHIB Army vs. Market Realities
The SHIB Army remains vocal on X, with some users touting burns and Shibarium’s potential to drive SHIB higher.
Others warn that without sustained volatility, SHIB risks losing relevance.
Broader market dynamics, including U.S. economic policies like tariff uncertainties and cooling inflation (US Core PPI at 2.4%), have fueled volatility, impacting SHIB and other altcoins like Cardano.
A market reset could further dampen SHIB’s prospects.
On CoinMarketCap, community sentiment is largely bullish, with 88% of market participants outweighing 12% of bearish sentiment users.
Risks and Rewards of Meme Coin Volatility
SHIB’s low price makes it an attractive speculative play, but its dependence on hype and lack of intrinsic utility are significant weaknesses.
A successful Shibarium rollout or renewed retail interest could spark a rally, but without a clear catalyst, SHIB remains at risk of a prolonged downtrend.
Shiba Inu’s future depends on its ability to reignite volatility and leverage Shibarium’s potential.
While community burns and ecosystem upgrades offer hope, SHIB’s reliance on speculative fervor leaves it vulnerable to market corrections.
Traders should watch the $0.000015 level for a potential breakout or $0.0000130 for a breakdown.
As SHIB navigates this critical juncture, its ability to recapture the meme coin spotlight will determine whether it soars or stumbles in 2025.
But I’m curious to know what you think — leave your thoughts in the comment section below.
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Also on CoinMarketCap & CoinPedia.
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