Shiba Inu (SHIB) was once the poster child for the crypto market during the 2021 bull run. The asset’s price surged by several million percent within months of its debut in August 2020. SHIB’s price has fallen by more than 85% from its all-time high of $0.00008616. While many made millions during the initial surge, others who bought at the top are still sitting on losses. Let’s discuss if you should sell your Shiba Inu (SHIB) coins for a loss, or wait for profits to hit.
Should You Sell Your Shiba Inu Holdings At A Loss?
One of the most significant catalysts for Shiba Inu’s (SHIB) incredible rally in 2021 was Vitalik Buterin’s massive token burn. Buterin received 500 trillion tokens, which was half of SHIB’s entire supply, upon launch. Buterin decided to burn 90% of the tokens he received and donate the rest to charity. Buterin’s actions led to SHIB’s price skyrocketing. Early investors with minimal investments made millions in profit. However, as word got around about SHIB’s incredible returns, the asset started to lose steam. Shiba Inu’s (SHIB) price has significantly fallen since its 2021 peak. Many bought the asset at its high, hoping for a continued rally.
Shiba Inu (SHIB) still has about 589 trillion tokens in circulation. The high supply makes hitting higher prices a challenge. Shiba Inu (SHIB) will have to significantly reduce its supply to replicate its 2021 rally. Burning another 410 trillion coins is nearly impossible today.
Also Read: Why Is Shiba Inu Struggling in 2025?
While selling at a loss may seem like a good way to escape the worry about holding an asset that is not giving returns, there is a possibility that Shiba Inu (SHIB) will gain momentum over the coming years. Many industry experts anticipate the crypto market to grow significantly by the end of this decade. Crypto personalities, such as Binance founder Changpeng Zhao, Coinbase CEO Brian Armstrong, among others, predict Bitcoin (BTC) to eventually hit $1 million. If BTC hits $1 million, other cryptocurrencies will likely experience a massive price surge as well. Shiba Inu (SHIB) could climb to a new all-time high under such conditions.