@wxilliam
Shiba Inu (SHIB) relies heavily on its community, boasting 3.5M X followers, for value. Spikes—like a 15% rise in March 2025 after SHIB burn rumors—show hype’s power. Yet, with a 589T token supply and minimal utility beyond memes, long-term growth is shaky. Community burns (1B tokens in 2024) aim to reduce supply, but adoption lags. Unlike DOGE’s Musk boost, SHIB’s decentralized push lacks a figurehead, capping its ceiling at speculative bursts—sustained value needs real use cases.
0 reply
0 recast
0 reaction