Shiba Inu (SHIB 0.49%) has had a wild ride so far in 2025, with billions of dollars wiped off its market cap. It's been a punishing blow to existing investors. But when you look historically, these levels have been a terrific time to buy more SHIB. In 2021 and 2024, for example, Shiba Inu's price reached current levels only to skyrocket in value by 300% to 700%.
Is this another major buying opportunity? The numbers below give us a major clue into what might be next for this famous meme coin.
CRYPTO: SHIB
Key Data Points
These 2 numbers could predict Shiba Inu's next move
When it comes to the long term strength of a meme coin like Shiba Inu, community is critical. Community momentum, especially on social media, can help drive the values of meme coins considerably, especially when the underlying token is fueled by shifts in the zeitgeist, like the rise of a certain individual in popular culture or a social movement towards "fun" or "silly" cryptocurrencies with minimal underlying intrinsic value.
Source: Messari and CoinGecko.
Encouragingly, despite a mass drop in price this year, Shiba Inu's social followings have remained stable, even displaying some tepid growth over the last few months. While not a hard indicator of what will happen over the next few days or weeks, these numbers suggest resilience when it comes to SHIB's position as a popular meme coin.
Meme coins as a category go in and out of style, with cycles sometimes lasting several months or years. The fact that Shiba Inu's community -- at least in terms of raw follower accounts on Twitter and Reddit -- has remained stable throughout the bear market suggests that when the next meme coin bull market arrives, Shiba Inu will once again have the following to benefit from another bull cycle.
Keep in mind, however, that Shiba Inu shouldn't be considered an investment, at least according to any classical definitions. Meme coins should be purchased for entertainment alone. Before jumping in, make sure the rest of your investment accounts are well funded.
