Shiba Inu Slammed by Analyst: 'Dead, Old, and Boring'

Crypto analyst James Wynn has again criticized Shiba Inu, saying it's 'dead and boring'. The meme coin plummeted to around $0.0000042 during the latest market downturn, falling by 6.65% in a single day.

Wynn claims that SHIB will never recover from its current state, citing its old age and lack of appeal compared to newer meme coins entering the market. He also accused the Shiba Inu development team of executing a 'cash grab' through the launch of Bone ShibaSwap (BONE), which has lost 99.9% of its value since its all-time high.

The analyst's criticism comes as SHIB struggles to regain momentum, with its market cap standing at $2.49 billion and making it the 30th-largest cryptocurrency by market value. Despite a brief recovery earlier today, the token remains down 4.8% over the past 24 hours.