Like other L2 networks, Shibarium can be used to bundle together transactions and process them off-chain at a faster rate than Ethereum's L1 blockchain. Its holders can also "burn" their own tokens to reduce the total circulating supply, which currently sits at 589.5 trillion tokens. However, most of those tokens were burned by Vitalik Buterin, the co-founder of Ethereum, who was gifted over 500 trillion SHIB tokens from Shiba Inu's development team in 2020.Shiba Inu can't be mined like Bitcoin. Its entire ...

Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Shiba Inu (CRYPTO: SHIB) is down 60% in 2025, killing dreams of a run to $1 or $0.01 with math that would require a $589 trillion market cap—six times the entire planet’s GDP. The Supply Problem That Kills The Dream Shiba Inu has 589 trillion tokens in circulation. For context, Bitcoin (CRYPTO: BTC) has only 21 million and Ethereum (CRYPTO: ETH) has about 120 million. The supply gap is incomprehensible. ...

Core Insights - The article discusses the aspirations of meme coins like Dogecoin and Shiba Inu to reach the $1 price target, highlighting the unrealistic nature of this goal given their current market conditions and tokenomics [1][2]. Group 1: Price and Market Cap Analysis - Dogecoin is currently priced at approximately $0.18, while Shiba Inu is at $0.00001, indicating a significant disparity in their potential to reach the $1 mark [2]. - Achieving a $1 price for Dogecoin would result in a market cap of $151.6 billion, whereas for Shiba Inu, it would imply a market cap in the multi-hundred-trillion range, making the latter's goal virtually unattainable [3]. Group 2: Tokenomics and Supply Dynamics - Dogecoin has a circulating supply of about 151.6 billion coins, while Shiba Inu has a staggering 589.2 trillion coins, complicating the feasibility of reaching the $1 price point for Shiba Inu [3]. - The rate of coin burning for Shiba Inu through its Shibarium Layer-2 network has been negligible, with low network activity since its launch, suggesting a lack of sustainable value to attract new users [5][6]. - Dogecoin's tokenomics involve a fixed issuance of 5 billion new coins annually, which means that while the dilution rate decreases over time, the path to $1 becomes increasingly challenging [7]. Group 3: Investment Thesis - Both Dogecoin and Shiba Inu are currently priced under $1, but they are not equally likely to reach that target, emphasizing the need for a solid investment thesis before purchasing either asset [8]. - Despite the preference for one over the other, the article concludes that there is no compelling investment thesis for either Dogecoin or Shiba Inu, suggesting that they are not suitable for investors looking to grow their money [9].

Core Viewpoint - Dogecoin is expected to maintain a higher market value than Shiba Inu by 2030 due to its superior brand recognition and access to investment channels [1][3]. Group 1: Brand Recognition - Dogecoin has a market cap of $30.6 billion, significantly larger than Shiba Inu's $6.1 billion, indicating a strong lead in the meme coin market [3]. - The brand recognition of Dogecoin far surpasses that of Shiba Inu, which is crucial for long-term success in consumer products and cryptocurrencies alike [3]. Group 2: Access to Investment - Dogecoin has gained access to investment through a recently approved exchange-traded fund (ETF), allowing more investors to buy into it, while Shiba Inu lacks such access [4][7]. - The widening access for Dogecoin is expected to attract more capital, enhancing its market position compared to Shiba Inu [4]. Group 3: Utility and Development - There are ongoing discussions within the Dogecoin developer community about enabling smart contract support and potentially launching a Layer-2 (L2) chain, which could enhance its value proposition [5]. - Shiba Inu's existing Layer-2 chain, Shibarium, has minimal throughput and economic activity, limiting its growth potential [8]. Group 4: Competitive Landscape - Shiba Inu is currently not well-positioned for growth, facing significant headwinds in the competitive landscape of meme coins [6].

Core Insights - The Shiba Inu (SHIB) token is facing significant challenges in recovering its price, attributed to fundamental structural issues rather than mere market volatility [1] - Analysts have declared that SHIB's ambition to reach the $0.0001 price level is unrealistic due to its core deficiencies [1][5] Structural Challenges - The Total Value Locked (TVL) on Shibarium has consistently remained below $1 million since early October, indicating a lack of ecosystem utility and adoption [2][4] - There is a mismatch between SHIB's massive circulating supply of approximately 589 trillion tokens and the slow pace of its deflationary mechanism [3][5] - The low TVL on Shibarium suggests that development efforts have not resulted in meaningful network activity or user adoption, with SHIB's market capitalization still in the billions [4] Utility Deficit and Market Trends - A significant factor in SHIB's struggles is the rotation of capital within the crypto market towards sectors that offer tangible utility [6] - As the Web3 trend shifts from "meme" projects to those providing real-world value, SHIB is losing ground to more utility-focused projects [7]

Core Insights - Shiba Inu has experienced a significant decline, down 54% for the year and 89% from its all-time high in October 2021, indicating a lack of recovery prospects [1][4][6] - The launch of Shibarium, a new Layer 2 blockchain aimed at enhancing utility through decentralized finance and gaming, has not yielded the expected results, with Total Value Locked (TVL) on Shibarium being less than $1 million compared to Shiba Inu's market cap of approximately $6 billion [2][3] Investment Considerations - The current market position of Shiba Inu suggests that it no longer ranks among the top 20 cryptocurrencies by market cap, prompting a recommendation for investors to seek better investment opportunities [4][6] - Analysts have identified ten stocks that are considered more promising than Shiba Inu, indicating a shift in investment focus away from meme coins [7]

Core Insights - The crypto market experienced significant volatility following U.S. President Donald Trump's announcement of a 100% tariff on China, leading to a flash crash on October 11 that wiped billions from major tokens [1] - Memecoins Dogecoin (DOGE) and Shiba Inu (SHIB) showed notable recovery two days later, indicating resilience in the market [1] Dogecoin (DOGE) - DOGE saw a nearly 50% drop to $0.11 during the selloff but rebounded to around $0.21 by October 13, marking an increase of over 12% in 24 hours [2] - The rebound was supported by whale accumulation, although concerns remain regarding its inflationary supply model [3] - Analysts noted a strong long-term trendline for DOGE, with a recommendation to buy at $0.19, but technical indicators suggested slowing momentum [4] - The House of Doge, the corporate arm of Dogecoin Foundation, announced plans to go public on NASDAQ with Brag House Holdings, Inc. [5] Shiba Inu (SHIB) - SHIB rebounded from a low of approximately $0.0000085 to $0.0000109, recovering nearly 10% with trading volume increasing by over 39% [6] - Burn activity surged by over 8,000% in a 24-hour period, reducing circulating supply [6] - The development of Shibarium, SHIB's Layer-2 network, is seen as a catalyst for its growth beyond meme status [6] - A recent incident where Shiba Inu developers refunded $4 million to users after a hack helped restore trust within the community [7]

Overview - Shiba Inu ($SHIB) 从 Meme 发展为模块化帝国 [1] - SHIB 生态系统正在建设中 [1] Ecosystem Development - SHIB 生态系统包含区块链、DEX、NFT、元宇宙、AI 和 DAO [1] - Shibarium (ETH L2) 提供低费用和快速交易 [1] - ShibaSwap 是 SHIB 生态系统的一部分 [1] Community - SHIBArmy 是一个庞大、忠诚且具有病毒式传播能力的社区 [1] Origin - SHIB 由 Ryoshi 于 2020 年 8 月推出，目标是成为 "Dogecoin killer" [1]

Shiba Inu's Shibarium preps bridge restart and plans user refunds after $4 million exploit https://t.co/OzeoPm09bo ...

Core Insights - The recent hack incident on Shiba Inu's Layer 2 network, Shibarium, resulted in a loss of $4 million in cryptocurrencies, which has been labeled as a "serious" incident by the lead developer Kaal Dhairya [2][4] - The team has managed to contain the immediate damage and is collaborating with independent specialists and authorities to address the situation [2][3] - The hack involved the loss of 17 different coins, including $1 million in Ethereum and $1.3 million in SHIB, with the attacker temporarily gaining validator voting power [5] Security Measures - Bridge operations on Shibarium are currently restricted, and additional security safeguards have been implemented for deposits, withdrawals, claims, and rewards [3][4] - The Bone ShibaSwap tokens used for validator voting power have been recovered and secured [3] Decentralization Concerns - Dhairya acknowledged that the incident exposed shortcomings in decentralization, which had been deprioritized in favor of other roadmap items [4] - The timeline for resuming bridge operations has not been provided, with safety being the current priority [4] Internal Dynamics - Dhairya expressed frustration with the leadership dynamics within Shiba Inu, indicating a rift and dissatisfaction with those who have benefited from the situation [5]