Shiba Inu Holds Firm Despite 18% Crash, 1.5M Holders Signal Faith in 2025 Recovery

Despite recent price declines, Shiba Inu maintains a strong community backing, reflected in a growing number of wallets holding the token, which now exceeds 1.54 million. This demonstrates investor confidence despite SHIB struggling to stay above the $0.00001 level. Analyst Etherscan_SHIB noted the momentum of new investors joining the Shiba Inu ecosystem even during volatility. Currently, SHIB trades near $0.00000985 with a market capitalization of $5.86 billion, lower than last year. An increase in exchange inflows suggests potential selling pressure, raising short-term concerns. SHIB's chart shows a descending triangle formation, a bearish pattern that could lead to further price drops. However, Shiba Inu's community celebrated avoiding another zero in the price as a small victory. Analysts are divided on SHIB's potential for a 2025 rebound, with some citing Shibarium and token burns as catalysts. Bullish forecasts suggest a possible retest of higher price levels with increased utility and burns. Ultimately, SHIB needs to deliver on its DeFi, metaverse, and NFT marketplace promises for substantial gains.