A recent thread shared by TheCryptoBasic breaks down why one popular voice thinks Shiba Inu (SHIB) is no longer worth buying.
Neil Patel isn’t looking at SHIB as a quick flip. He’s judging it the way you would any long-term hold and asking a basic question: what actually keeps this thing standing?
The SHIB price is sitting near $0.000008215, more than 90% below where it topped out in 2021. Some holders see that drop as a chance to load up cheap. Patel doesn’t see it that way. In his view, price alone doesn’t make something attractive if there’s nothing underneath supporting it.
His biggest issue is simple: SHIB doesn’t solve a real problem. Patel argues that Bitcoin has a clear role as an alternative monetary system, while Ethereum supports things like smart contracts and tokenized assets.
Expert Reveals Why Investors Should Not Buy #ShibaInu.🧵🧵🧵 pic.twitter.com/NC4xwYgKXU
— TheCryptoBasic (@thecryptobasic) December 15, 2025
Shiba Inu, by contrast, doesn’t have a core function that creates steady demand. In Patel’s view, that drop isn’t random. He thinks the price moves mainly when the whole market moves, not because Shiba Inu is doing anything on its own to pull demand in.
He’s also skeptical about how much the ecosystem really matters. Products like Shibarium, the metaverse, and the DEX exist, but Patel points out that usage remains low. From his perspective, these tools haven’t changed how the SHIB price trades or helped hold up during market downturns.
Another red flag for him is momentum. The wave of excitement that carried the SHIB price in 2021 has faded. Patel sees the long price decline as proof that interest has cooled off. Without fresh demand and sustained attention, rallies struggle to last.
Patel also believes investors should be selective. Speculation will always exist in crypto, but he argues that capital is better placed in assets with clearer purpose and stronger foundations. He highlights Bitcoin as an example of something that tackles deeper issues in the global financial system, rather than relying on hype cycles.
What’s interesting is that some of this criticism is now coming from SHIB supporters themselves. Questions about transparency have been getting louder, especially since core developers still hide behind pseudonyms.
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Things escalated when K9 Finance DAO, Shiba Inu’s official liquid staking partner, said the SHIB team stopped replying to messages about recovering funds lost in the Shibarium Bridge hack. That silence raised eyebrows and added to doubts about accountability inside the project.
K9 Finance later warned it could reconsider its relationship with the ecosystem if users are not compensated.
Then there’s the supply problem. Shiba Inu has roughly 589 trillion tokens in circulation. That alone makes aggressive price targets hard to justify. At $0.01, SHIB market cap would need to reach around $5.89 trillion, a number that’s difficult to imagine for a meme-based project.
Token burns are often brought up as a fix, but Patel remains skeptical. Most SHIB is held by users, and large-scale burns require people to destroy their own holdings. That kind of reduction is hard to sustain in practice.
Patel argument isn’t about short-term pumps. It’s about expectations. In his view, Shiba Inu lacks the utility, demand, transparency, and supply structure needed to support a long-term investment case.
Whether people agree or not, his comments reflect a growing shift in how some investors are looking at meme coins today.
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