After achieving widespread recognition during the 2021 crypto bull run, Shiba Inu (SHIB) has seen both significant highs and lows. The meme coin’s trajectory raises the question: Is SHIB dead? This article delves deeper to reveal a more complex story. While declining dramatically in value from its peak, it remains active with ongoing developments such as token burns and investor support. On May 5, 2025, SHIB trades at approximately $0.0000127 after dropping 2.2% over the past 24 hours. Despite this decline, its future is far from extinguished. Notably, a community-driven initiative in April 2025 saw 284 million SHIB tokens burned, contributing to a price increase and bolstering investor confidence.