Why I'm Staying Away From Shiba Inu — And You Might Want To Consider It Too

The Reality Check on SHIB

Shiba Inu(CRYPTO: SHIB) had its moment in 2021 — a massive 40,000,000% rally that turned chump change into life-changing money for early buyers. With a $4 billion market cap, it’s still the second-largest meme coin after Dogecoin. But massive gains don’t equal good investments, and here’s why I won’t be touching it.

Reason 1: It’s Never Been Serious About Being Real

From day one, Shiba Inu wore its lack of legitimacy on its sleeve. The entire project was built as a Dogecoin copycat — the team even called it the “Dogecoin killer.” But the real red flag? The anonymous founder Ryoshi literally sent half the total SHIB supply directly to Vitalik Buterin’s wallet.

Buterin burned 90% of those tokens (good on him), but Ryoshi’s justification was wild: the move was supposedly to create a “vulnerable point” for the project. Call it what you want, but that screams publicity stunt over actual utility. No serious project sends half its shares to someone else on a whim and calls it strategy.

Reason 2: Meme Coins Require Active Trading — A Game I Won’t Play

My investment philosophy is simple: buy, hold, and let time work. I don’t like playing the timing game with flash-in-the-pan rallies.

Meme coins demand constant monitoring. Their price spikes are short and vicious, which means you’re stuck staring at charts waiting for the perfect exit. Miss the window? Your gains evaporate. Still holding? You’re gambling on another leg up that may never come. It’s trading, not investing — and I prefer the latter.

Reason 3: The Collapse Says Everything

After hitting $0.00008616 on October 28, 2021, Shiba Inu has crashed over 90%. Sure, there have been minor bounces since, but anyone holding from the peak is sitting on massive losses. This is textbook meme coin behavior.

Compare this to Bitcoin(CRYPTO: BTC). Despite its volatility, Bitcoin has a real scarcity story — only 21 million coins will ever exist. It’s a proven store of value that has recovered from every bear market and hit new highs. Shiba Inu? It has no unique use case, no compelling narrative, no reason to believe it’ll ever recover to those 2021 highs.

The Bottom Line

Shiba Inu works as a risky trade with a quick exit strategy, not as an investment. Without fundamental utility, it’s just betting on the next wave of hype to push it higher. And with a 90% loss behind it, that’s a difficult case to make.

If you’re looking for exposure to cryptocurrencies with staying power, stick with assets that have actual use cases — not meme coins riding on nostalgia and FOMO.