Shiba Inu’s fairy-tale run that made early investors millionaires now looks much harder to repeat. When SHIB exploded in the 2021 bull market, investors who put in small sums after the token’s August 2020 launch saw eye-popping gains within months. Those rags-to-riches stories helped cement Shiba Inu’s reputation as a “millionaire-maker.” But the picture since that October 2021 peak has changed dramatically: SHIB is down more than 91% and many holders remain underwater. Why a repeat of 2021 would be difficult - The Vitalik Buterin burn that helped trigger the 2021 rally is unlikely to be replicated. The Ethereum co‑founder received half of SHIB’s original supply and burned 90% of the tokens he was sent — a one-off event that tightened supply and helped propel prices. The team has said it is working on a burn mechanism, but details are scarce and no official launch date has been announced. - SHIB remains primarily a memecoin with limited real-world utility. Most of its demand has been driven by social media buzz rather than fundamental use cases. The project has attempted to add utility with Shibarium, a layer‑2 network, but only a handful of applications currently operate in the SHIB ecosystem, limiting broader demand drivers. - The token’s vast supply is a structural hurdle. With roughly 589 trillion SHIB in circulation, turning a small investment into a life-changing windfall now requires massive price moves — meaning investors would need far larger inflows to recreate those millionaire-making returns. Still, upside isn’t impossible. If demand returns and a broader crypto bull market resumes, SHIB could post significant gains. But for those chasing the next 2021-style breakout, expectations should be tempered: the conditions that created that rally were unusual, and many of them are not easily repeatable. Read more AI-generated news on: undefined/news

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