Shiba Inu's Big Dream: Why $1 is a Fantasy
Shiba Inu (SHIB) has been on a wild ride, but its dream of reaching $1 per token is just that—a dream. In 2025, SHIB's value dropped by 60%, making it clear that hitting $1 or even $0.01 is not realistic. The math behind this goal is simply not adding up.
The Numbers Don't Lie
- Circulation: 589 trillion SHIB tokens
- Bitcoin: 21 million tokens
- Ethereum: 120 million tokens
If SHIB were to reach $1, its market cap would be $589 trillion.
- Nvidia's value: $4.4 trillion
- S&P 500 total market cap: $57 trillion
- All cryptocurrencies combined: $2.945 trillion (as of 2025)
Even reaching $0.01 would require a market cap of $5.89 trillion, which is almost twice the size of all cryptocurrencies combined.
Shibarium: A Failed Deflationary Engine
Shiba Inu's team had big plans with Shibarium, a Layer-2 blockchain launched in August 2023. The idea was to create a deflationary engine by burning SHIB tokens through transaction fees. However, adoption didn't take off as expected.
- Peak transactions: 4 million daily
- Current transactions: A few thousand daily
- Total Value Locked (TVL): Struggles to stay above $1 million
Ecosystem Projects: A Series of Failures
- Privacy Layer-3 blockchain: Announced in April 2024, minimal updates since launch
- Metaverse project: Failed to fully launch after years of development
- Gaming project (Shiba Eternity): Attracted only a niche audience
The Deflationary Narrative Collapses
- Weekly burn activity: Dropped by 96.96%
- Current burn rate: 13 million to 2.31 billion SHIB monthly
- Time to reach $1: 521,415 years at the current pace
Lack of Organic Demand
Unlike Bitcoin, Ethereum, or XRP, Shiba Inu lacks an organic source of demand.
- Businesses accepting SHIB: Only 1,110 worldwide
- Volatility: Extreme, making it a risky choice for payments
- Last new high: Over four years ago
