Shiba Inu (SHIB) has achieved a milestone of 1.54 million on-chain holders as of October 21, 2025, marking a daily increase of 0.003%. However, the token's price has fallen below $0.00001, reflecting a 47.52% decline over the past year. Despite the growing number of holders, Shiba Inu faces significant challenges. Analysts point to the massive token supply, lack of institutional adoption due to its anonymous leadership, limited new utility, and rising competition as factors contributing to its price struggles. Additionally, the community's momentum appears to be weakening, further impacting the token's growth prospects.