In a striking turn of events, Shiba Inu’s active addresses have plummeted by more than 50% over the past three months, painting a rather grim picture for the meme coin as of September 2, 2025. This significant decrease aligns with a concurrent drop in SHIB’s market price, despite a generally bullish sentiment prevailing in the broader cryptocurrency sector.
SHIB’s Activity Dwindles
According to data from Santiment, Shiba Inu’s active addresses experienced a steep decline, plunging from approximately 7,800 on May 2 to an average of 3,000. This downtrend marks a sharp contrast to the buoyancy observed in major cryptocurrencies like Bitcoin and Ethereum, both of which have recently achieved new all-time highs. Interestingly, Shiba Inu’s price, currently sitting at approximately $0.00001228, has seen a 10% dip from its three-month high in May, suggesting that the meme coin isn’t riding the same wave of success as its larger counterparts. As explored in our recent coverage of Shiba Inu’s first 2025 Golden Cross, this divergence in performance highlights the unique challenges and opportunities facing the meme coin.
Network Growth Hits a Snag
Adding to the bearish outlook, Shiba Inu’s network growth, a metric that tracks new user adoption, has also hit a rough patch. After peaking at 2,309 new users in July, the figure has tumbled to just 1,078 as of September 1. Yet, in an intriguing twist, the total number of SHIB holders has actually grown over the same period, reaching 1.53 million. This indicates a persistent, albeit cautious, belief among investors in the coin’s potential, even as it grapples with a year-to-date decline of over 43%.
Analysts Spot Silver Linings
Despite these setbacks, some analysts see a glimmer of hope. Crypto analyst Javon Marks recently noted on X (formerly Twitter) that Shiba Inu is exhibiting a bullish pattern known as regular bull divergence, as signaled by the MACD Histogram. According to Marks, this could herald a significant upward reversal for SHIB, potentially catalyzing a rally of over 163% to the $0.00003 range. Marks even speculates that this could be just the beginning, with the possibility of a staggering 570% surge to a breakout target of $0.000081. For further insights into potential market movements, see our analysis of a possible SHIB surprise rally.
Forward-Looking Implications
While the current scenario raises questions about Shiba Inu’s immediate prospects, the increasing number of holders suggests that the community’s faith hasn’t completely eroded. As the crypto market continues to evolve, all eyes will be on whether Shiba Inu can capitalize on these technical patterns to stage a comeback. For now, as the meme coin navigates through these turbulent waters, the real test will be whether its holders’ optimism can translate into substantial gains—or if the current downturn is a sign of deeper issues within the ecosystem.
Source
This article is based on: Shiba Inu Active Addresses Crash Over 50% In 3 Months, What About SHIB Price?
Further Reading
Deepen your understanding with these related articles:
- Shiba Inu (SHIB) Forms First 2025 Golden Cross, Whales Dumping XRP En Masse, Bitcoin (BTC) Rockets 1,530% in Liquidation Imbalance — Top Weekly Crypto News
- Bitcoin whales send BTC price under $109.5K as market ‘wobbles’ into US PCE
- Crypto Liquidations Top $500 Million as Bitcoin, Ethereum and XRP Sink Into the Weekend
Steve Gregory is a lawyer in the United States who specializes in licensing for cryptocurrency companies and products. Steve began his career as an attorney in 2015 but made the switch to working in cryptocurrency full time shortly after joining the original team at Gemini Trust Company, an early cryptocurrency exchange based in New York City. Steve then joined CEX.io and was able to launch their regulated US-based cryptocurrency. Steve then went on to become the CEO at currency.com when he ran for four years and was able to lead currency.com to being fully acquired in 2025.
