Shiba Inu was once hailed as the king of memecoin, captivating the crypto world with its meteoric rise, community-driven initiative, and speculative surges.

The memecoin has also captured the hearts of many canine lovers with its adorable logo of a Shiba Inu dog, and has promised innovation. But as the initial euphoria of the memecoin begins to fade and investors are evaluating the performance of the token itself, it seems that the performance of SHIB is nothing short of disappointing.

According to reports from TheBlock data, close to 83% of SHIB holders are currently losing money from their investment in the memecoin, highlighting the challenges of an unpredictable market and complexity of the landscape.

But from a different perspective, 147.41 trillion SHIB are still in profit, proving not everything is still bleak. Furthermore, we also have to take into account the different entry points of the investors that would determine if an investor is actually in the green or in the red. Report shows that 31.83 trillion tokens in the money coexist with 42.26 trillion are still in the red.

However, trading volumes have dropped over 21%, reflecting a waning interest in the memecoin. While this might seem like a very worrying sign given how memecoin usually thrives on the interest of the public, but investors are still confident in the SHIB coin given how it still has $110 worth of SHIB in open interest, signifying that the memecoin is not yet completely obsolete.

Loyal fans are still waiting for SHIB's rebound

Beyond the price, the Shiba Inu ecosystem continues to evolve. Shibarium, its Layer-2 network, recently surpassed one billion transactions, boasting 194 million active addresses and over 10.2 million blocks, testifying to some underlying enthusiasm.

Meanwhile, the community’s burn strategy remains erratic—fluctuating between massive spikes and sharp declines—making sustained momentum difficult.

Despite challenges, analysts like Javon Marks remain optimistic about SHIB's potential rebound. Marks predicts that the price of SHIB might even rebound to $0.000081, which is a staggering 550% increase from its current price.

And he isn't the only one who is optimistic on the prospect of the SHIB memecoin as it also resonates with loyal supporters who believe in SHIB's long-term vision.

Shiba Inu stands at a crossroads. While its glory days seem distant, the project’s development team promises a “thunderous return.” For now, investors wait, hoping to turn red portfolios into green gains as the crypto market continues its unpredictable journey.