Grayscale Spotlights Shiba Inu As Top Performer: What’s Driving The Hype?

Grayscale just crowned Shiba Inu a standout project—sending the crypto world into a frenzy. But what's behind the institutional praise?

The Institutional Stamp of Approval

When Grayscale talks, markets listen. Their endorsement signals something bigger brewing beneath SHIB's meme-coin surface. Development activity surges, ecosystem expansion accelerates, and suddenly the 'dog coin' narrative gets serious institutional polish.

Beyond the Bark: Real Utility Emerges

Shiba Inu's evolution from internet joke to legitimate project mirrors crypto's own maturation—though Wall Street still treats most altcoins like casino chips with extra steps. The Shiba ecosystem now spans DeFi, NFTs, and layer-2 solutions, proving even meme coins can grow teeth when community momentum meets developer dedication.

Market Impact and Future Trajectory

Grayscale's recognition validates what retail investors sensed for months. Trading volumes spike, social sentiment explodes, and suddenly everyone's reconsidering their 'serious projects only' investment thesis. Because nothing says financial sophistication like betting on a dog-themed cryptocurrency that just got the Goldman Sachs equivalent of a head pat.

Whether this marks Shiba Inu's transition to mainstream legitimacy or just another hype cycle remains uncertain. But one thing's clear—when institutions start barking with the meme coins, the entire crypto landscape shifts.

Will Grayscale’s Praise Help Shiba Inu Rebound?

The crypto market has struggled to gain momentum over the last few weeks. Although October is usually considered a bullish month for the crypto market, 2025 has pivoted from the historical pattern. Shiba Inu (SHIB) has suffered heavy losses over the last month. According to CoinGecko data, SHIB is down 5.5% in the last 24 hours, 8.3% in the last week, 6.1% in the 14-day charts, and 23.3% over the previous month.

While Grayscale’s inclusion in its list adds to Shiba Inu’s (SHIB) already big clout, it is unclear if it can help the asset recover its price. Grayscale has some of the biggest crypto ETFs under its name. However, the financial institution does not have a spot SHIB ETF, nor has it applied for one.

Shiba Inu (SHIB) will likely not recover until the larger crypto market rebounds. Bitcoin (BTC), the market leader, continues its downward trajectory. SHIB and other assets are simply following BTC’s lead.

According to CoinCodex analysts, SHIB’s price will recover slightly over the coming weeks. The platform anticipates the memecoin to delete one zero after its decimal point and hit $0.00001089 on Nov. 30. Hitting $0.00001089 from current price levels will entail a rally of about 13.25%.

Moreover, the Federal Reserve has reduced interest rates by 25 basis points after its October meeting. We may witness a delayed rally over the coming weeks.