BitMEX Exchange Delists SHIB Perpetuals as Meme Coin Loses Momentum

Once the darling of meme coin rallies, shiba inu (SHIB) now faces a sobering reality. The token's 2025 performance has been lackluster, with year-to-date gains hovering around 30%—a far cry from its 2021 meteoric rise. Market fatigue is evident as derivatives platforms like BitMEX delist SHIB perpetuals due to dwindling volumes.

While the SHIB community remains robust, the ecosystem shows signs of exhaustion. Development updates and token burns have failed to reignite the fervor that once propelled SHIB into the crypto stratosphere. Meanwhile, newer meme coins like Brett (BRETT) are capturing attention with faster growth trajectories.

Price predictions for SHIB have turned cautious, with most analysts abandoning earlier dreams of dime valuations. Whale activity suggests declining confidence, as large holders gradually reduce their positions. The meme coin market continues to thrive, but SHIB appears to be losing its edge in this competitive landscape.