Shiba Inu’s Big Breakout Still Missing This Cycle—Analyst Lark Davis Spots the Lag

Memecoins are pumping—Dogecoin’s up, Pepe’s flying—but Shiba Inu? Still waiting for its rocket fuel.

Lark Davis points out the glaring absence: SHIB hasn’t hit its trademark parabolic surge yet this cycle. Meanwhile, traders keep tossing cash at newer, shinier meme tokens like it’s 2021 all over again.

Will the ‘Doge Killer’ narrative reignite, or is this just another case of crypto’s short attention span? Either way, someone’s getting rich—probably not you.

TLDR

• Lark Davis believes the current crypto bull cycle has not peaked yet.
• He says extreme altcoin rallies like Shiba Inu’s 2021 surge remain.
• Shiba Inu gained 433 times its value within a month during the last bull market.
• The altcoin market remains below previous highs while Bitcoin nears its all-time peak.
• Davis sees the current phase as early and expects irrational gains to follow soon.

Shiba Inu (SHIB) surged massively in 2021, and analysts say similar market conditions could return soon. Lark Davis, a well-known market analyst, believes the crypto cycle has not peaked yet. He referenced the shiba inu rally to highlight the unrealized potential still within the current market phase.

Shiba Inu Reflects Early Bull Market Behavior

Shiba Inu ROSE sharply during the 2021 bull run, delivering gains that shocked the entire market. In April 2021, it traded at $0.00000008 with a market cap of $80 million. Within a month, it hit $0.00003469, pushing its valuation to $34.69 billion.

This translated to a 433x increase, far exceeding initial reports of a 312x rise. Lark Davis used this data to stress that such explosive gains often signal peak bullish activity. However, he stated that the current cycle has not shown such extreme behavior yet.

Reminder: $SHIB went from $8M to $2.5B in just 50 days

When the market goes risk on, things can get real stupid real quick

h/t @Trade_IV pic.twitter.com/MPZc0E0Kc8

— Lark Davis (@TheCryptoLark) May 21, 2025

Shiba Inu’s previous rally is now cited as an example of what can happen when markets shift suddenly. The asset currently trades at $0.00001479, well below its previous peak. Yet, Davis believes this gap shows that the bull cycle is still developing.

Bitcoin Near Highs, But Altcoins Like SHIB Still Lag

Bitcoin is retesting its all-time highs, but altcoins, including Shiba Inu, remain significantly below their previous levels. The TOTAL2 index tracks the altcoin market and is down 9.66% year-to-date. Meanwhile, Shiba Inu has yet to reclaim half its past value.

Davis pointed out that altcoins usually follow Bitcoin but often outperform it during the wild phase of a bull market. He argued that the current absence of extreme altcoin rallies confirms that the peak is not here yet. Shiba Inu’s underperformance supports this assessment.

Shiba Inu represents the movement expected when the market enters its most aggressive phase. Its historical behavior shows that market sentiment can change rapidly. Davis emphasized that such moments generate substantial returns for those in the market.

Shiba Inu Still Holds Bullish Signal

Davis referenced other altcoins alongside Shiba Inu that experienced massive rallies in past cycles. He explained that these moves happen once market momentum becomes irrational. According to him, this stage has not yet occurred in the ongoing cycle.

He described this phase as one where “things get so stupid,” using Shiba Inu’s growth as an example. This remark pointed to the extreme nature of past rallies. Shiba Inu’s explosive history reinforces his belief that more such events could happen again.

Shiba Inu remains a benchmark for extreme market gains and remains central in crypto performance analysis. Its pattern of sharp rises followed by corrections mirrors how the broader altcoin market behaves during peak bull phases.