In May 2021, Shiba Inu (Shib) surprised the market with a 355% surge and kicked off what would be the legendary breakout of meme-inspired tokens. At the time it was a fresh face, riding the waves of Dogecoin Mania and making its first major splash. What investors gained was the parabolic running and the birth of the crypto community phenomenon.
However, the 2025 Shiv is not the same as the assets of that time. It's no longer a surprise as it's now worth around $8 billion and is supported by its own Layer 2 network and a much larger ecosystem. Meme coin space is quite saturated, people's attention spans are short, making it difficult to gain the momentum of the kind of virus that Shiv had.
Fast forward to May 2025, Shiv is no longer a crude startup. It is a $8 billion asset with multiple listings and layer 2 solution shybarium, with deep roots in the memecoin landscape. Can something as big as this already still deliver fireworks like they used to be?
Yes, and not nearly March 2024, Shiba Inu surged 450%, pushing its market capitalization briefly to over $20 billion.
Looking at the heat map of past performances, Shib has won some wild mazes – a 355% drop in 2021, a brutal 42.1% drop in 2022, and a modest +2.04% in 2025. Clearly, May wasn't predictable.
Perhaps the main question for Shiba Inu in 2025 is not whether we can repeat what happened four years ago, but whether we can relate to a constantly changing space. Still, it's the biggest meme coin in Ethereum.
