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Shiba Inu (SHIB) Price Pumped 355% in May 2021, But Could History Repeat Itself?

Thu, 1/05/2025 - 15:53
355% Shiba Inu (SHIB) price pump in May 2021 still meme coin's biggest, but could 2025 compete?
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Shiba Inu (SHIB) Price Pumped 355% in May 2021, But Could History Repeat Itself?
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Back in May 2021, Shiba Inu (SHIB) stunned the market with a jaw-dropping 355% surge, kicking off what would become a legendary breakout for the meme-inspired token. It was a fresh face then, riding the wave of Dogecoin mania and making its first major splash. What investors got was a parabolic run and the birth of a crypto community phenomenon.

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But SHIB in 2025 is not the same asset it was back then. Now worth about $8 billion and supported by its own layer-2 network and a much bigger ecosystem, it is no longer a surprise. The meme coin space is pretty saturated, people's attention spans are shorter and it is harder to get the kind of viral momentum that SHIB used to have.

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Source: CryptoRank

Fast forward to May 2025, and SHIB is no longer a scrappy upstart. It is an $8 billion asset with multiple listings and layer-2 solution Shibarium, with deep roots in the meme coin landscape. Can something that is already this big still deliver fireworks like it used to?

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Yes, and not so long ago as March 2024, Shiba Inu skyrocketed 450%, briefly pushing its market cap above $20 billion - a reminder that under the right conditions, it still knows how to move.

Looking at the heatmap of past performance, SHIB has had some wild Mays - a 355% gain in 2021, a brutal 42.1% drop in 2022 and a modest +2.04% in 2025 so far. Clearly, May has been anything but predictable. 

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Perhaps the main question for Shiba Inu in 2025 is not whether it can repeat what happened four years ago but whether it can stay relevant in a space that is always changing. Still, it is the biggest meme coin on Ethereum. 

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