Shiba Inu’s Potential Rebound: Could SHIB See a Comeback or Is It Just a Fad?

TL;DR

Negative exchange netflows and an RSI near oversold levels suggest a potential price recovery for the meme coin. 🤑
On the other hand, recent Shibarium issues signal that the pullback might be far from over. 😬

Can SHIB Reclaim Its Former Glory? Or Has It Had Its Day?

Ah, Shiba Inu (SHIB) – the meme coin that could… until it couldn’t. Despite sporadic flashes of price increases, SHIB has been on a rather tragic decline since the dawn of 2025. A meager $0.00001223 per coin (yep, you read that right), marking a 42% drop from its New Year high. Market cap down to $7.2 billion, and meanwhile, MemeCore (M) and Pepe (PEPE) are laughing all the way to the bank as they start to catch up.

But wait, before we bury this little coin in a meme grave, let’s talk about hope, because there’s some glimmer! A miraculous 200,000% surge in SHIB’s burn rate over the last 24 hours has made thousands of tokens vanish into thin air. Will it matter? Who knows! But hey, less supply could make things interesting if demand holds up. 🔥

Then, there’s the issue of exchange netflows. In the past week, things have turned decidedly negative. Investors have gone from centralized exchanges to self-custody, effectively reducing the selling pressure. Not too shabby, right?

Lastly, let’s take a peek at the Relative Strength Index (RSI), which, to the untrained eye, might seem like just a bunch of numbers. But no, it’s a hero. At a staggering low of 20, the RSI suggests that SHIB might have entered oversold territory and could be due for a bounce. It’s like the coin’s getting a second wind, or maybe it’s just catching its breath. 🤷‍♂️

Don’t Get Too Excited Just Yet

But, of course, not everything is sunshine and rainbows in the Shiba Inu world. Shibarium, the blockchain solution meant to prop up the meme coin, has been struggling. Earlier this year, daily transactions were in the millions; now, they’re barely scraping 20,000. Ouch. 💔

To make matters worse, Shibarium suffered a breach in mid-September, which some claim was a flash loan attack to purchase millions of BONE tokens. But LUCIE, the so-called “marketing genius” behind Shibarium, assured everyone that it wasn’t a hack. Just a case of stolen validator keys. Whoops, no big deal, right? Investors’ funds are safe in multisig cold storage-unless you trust the whole “it’s fine, we swear!” line. 😅

2025-09-23 16:10

Can SHIB Reclaim Its Former Glory? Or Has It Had Its Day?

Don’t Get Too Excited Just Yet

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