Shiba Inu Market Cap Hits $5 Billion Amid Significant Price Decline

Shiba Inu remains a topic of discussion in the crypto space despite its significant price decline. As of December 6, the token had a market cap of $5 billion. However, its suitability for long-term investment is debated.

Shiba Inu’s Price and Market Analysis

Traded at approximately $0.000008439, significantly below its all-time high of $0.00008845.
The token has dropped roughly 55% this year, around 60% over the past 12 months.

On-Chain Data and Holder Activity

Memecoin dominance is at its lowest since early 2024, indicating reduced speculative interest.
The number of SHIB wallets increased from 1.45 million to 1.52 million, suggesting distribution over abandonment.

Memecoin markets are dead. pic.twitter.com/6kymLWH4JX

— Ki Young Ju (@ki_young_ju) December 11, 2025

Pundit Views and Utility Concerns

Critics argue that Shiba Inu lacks a clear problem-solving utility.
Developer activity on SHIB is limited compared to other networks.
Value driven by hype rather than real-world use.

Investor Considerations

Investors are advised to consider major networks like Bitcoin.
SHIB's supporting projects (layer-two chain, decentralized exchange, metaverse concept) have limited adoption.