Is it the right time to buy Shiba Inu crypto?
Shiba Inu (SHIB) stands out as one of the most dynamic meme-based cryptocurrencies, having successfully pivoted toward a broad DeFi and Layer-2 ecosystem. As of early June 2025, SHIB trades around $0.00001283, with a robust 24-hour volume of approximately $134.5 million—a clear reflection of ongoing interest and high liquidity. Recent milestones such as crossing 1 billion transactions on the Shibarium Layer-2 network, a surge in automated burn mechanisms, and launch of new ecosystem tools like ShibTorch V2 all indicate strategic technical growth that slightly tempers, but does not undermine, short-term volatility. Locally, New Zealand investors appreciate SHIB’s DeFi integrations and its emergence as an accepted payment method with some merchants, aligning with the evolving digital asset regulatory framework. Market sentiment remains markedly constructive, with over 80% positive community outlook and well-established support levels reinforcing the asset’s resilience. Importantly, the consensus among 27 respected national and international analysts now targets a price of $0.0000186, reflecting both the token’s innovative development and gradual sector maturation. For investors considering entry points during periods of technical consolidation, Shiba Inu’s unique blend of community strength, ongoing technical progress, and expanding utility continue to create intriguing opportunities within the fast-evolving DeFi and Layer-2 landscapes.
- ✅Thriving ecosystem with Layer-2 (Shibarium) supporting over 1 billion transactions
- ✅Aggressive token burns creating deflationary pressure and scarcity
- ✅Active community of 1.5 million+ holders worldwide
- ✅DeFi integration and growing utility beyond meme token status
- ✅Expanding merchant adoption and emerging payment use cases
- ❌Extremely high token supply maintains moderate dilution risk
- ❌Ongoing global regulatory developments could influence short-term trading conditions
- ✅Thriving ecosystem with Layer-2 (Shibarium) supporting over 1 billion transactions
- ✅Aggressive token burns creating deflationary pressure and scarcity
- ✅Active community of 1.5 million+ holders worldwide
- ✅DeFi integration and growing utility beyond meme token status
- ✅Expanding merchant adoption and emerging payment use cases
Is it the right time to buy Shiba Inu crypto?
Shiba Inu (SHIB) stands out as one of the most dynamic meme-based cryptocurrencies, having successfully pivoted toward a broad DeFi and Layer-2 ecosystem. As of early June 2025, SHIB trades around $0.00001283, with a robust 24-hour volume of approximately $134.5 million—a clear reflection of ongoing interest and high liquidity. Recent milestones such as crossing 1 billion transactions on the Shibarium Layer-2 network, a surge in automated burn mechanisms, and launch of new ecosystem tools like ShibTorch V2 all indicate strategic technical growth that slightly tempers, but does not undermine, short-term volatility. Locally, New Zealand investors appreciate SHIB’s DeFi integrations and its emergence as an accepted payment method with some merchants, aligning with the evolving digital asset regulatory framework. Market sentiment remains markedly constructive, with over 80% positive community outlook and well-established support levels reinforcing the asset’s resilience. Importantly, the consensus among 27 respected national and international analysts now targets a price of $0.0000186, reflecting both the token’s innovative development and gradual sector maturation. For investors considering entry points during periods of technical consolidation, Shiba Inu’s unique blend of community strength, ongoing technical progress, and expanding utility continue to create intriguing opportunities within the fast-evolving DeFi and Layer-2 landscapes.
- ✅Thriving ecosystem with Layer-2 (Shibarium) supporting over 1 billion transactions
- ✅Aggressive token burns creating deflationary pressure and scarcity
- ✅Active community of 1.5 million+ holders worldwide
- ✅DeFi integration and growing utility beyond meme token status
- ✅Expanding merchant adoption and emerging payment use cases
- ❌Extremely high token supply maintains moderate dilution risk
- ❌Ongoing global regulatory developments could influence short-term trading conditions
- ✅Thriving ecosystem with Layer-2 (Shibarium) supporting over 1 billion transactions
- ✅Aggressive token burns creating deflationary pressure and scarcity
- ✅Active community of 1.5 million+ holders worldwide
- ✅DeFi integration and growing utility beyond meme token status
- ✅Expanding merchant adoption and emerging payment use cases
- Shiba Inu in brief
- How much does a Shiba Inu cost?
- Our complete opinion on the Shiba Inu cryptocurrency
- How to buy Shiba Inu?
- Our 7 tips for buying Shiba Inu
- The latest news about the Shiba Inu
- FAQ
Why trust HelloSafe?
At HelloSafe, our expert has been closely monitoring the evolution of the Shiba Inu cryptocurrency for over three years. Every month, hundreds of thousands of users in New Zealand trust us to analyse market trends and identify the best investment opportunities. Our reports are provided for informational purposes only and do not constitute investment advice. In line with our ethical guidelines, HelloSafe has never purchased Shiba Inu nor received any compensation from entities associated with its ecosystem.
Shiba Inu in brief
Indicateur | Valeur | Analyse |
---|---|---|
🌐 Origin blockchain | Ethereum (ERC-20); Layer-2: Shibarium | Operates on Ethereum for security; Shibarium Layer-2 enables scaling and lower fees. |
💼 Project type | Meme Token, DeFi Ecosystem | Originated as a meme, now features DeFi, staking, and metaverse elements. |
🏛️ Creation date | August 2020 | Created in August 2020, quickly gained popularity through viral community engagement. |
🏢 Market capitalization | $7.56 billion USD | Large capitalization; ranks among the world’s top 20 cryptocurrencies by market cap. |
📊 Market cap rank | #19 (CoinMarketCap), #22 (CoinGecko) | Currently within top 25 global cryptos, showing persistent investor interest. |
📈 24h trading volume | $134.5 million USD | High trading volume signals robust liquidity and sustained market activity. |
💹 Total tokens in circulation | 589.25 trillion SHIB | Extremely high supply, creating strong dilution but supporting broad accessibility. |
💡 Main objective of this cryptocurrency | Decentralized ecosystem and utility expansion | Aims to evolve from meme status to a full DeFi and Web3 ecosystem with deflationary mechanisms. |
How much does a Shiba Inu cost?
The price of Shiba Inu is on the rise this week. As of today, SHIB is trading at approximately NZ$0.00002102, showing a 24-hour increase of +4.68% and a positive 2.1% change over the past seven days. Shiba Inu’s market capitalisation now stands around NZ$12.4 billion, ranking it 19th among all cryptocurrencies, with an average daily trading volume over the last three months of NZ$333–500 million. The circulating supply is 589.25 trillion SHIB tokens, giving the project a market dominance of roughly 0.26%. With its notable price swings and growing DeFi ecosystem, Shiba Inu offers both excitement and volatility for New Zealand investors exploring the crypto space.
Our complete opinion on the Shiba Inu cryptocurrency
Have we truly captured the future potential of Shiba Inu, analysing not only its evolving price but also the deep trends shaping its ecosystem over the past three years? Leveraging our proprietary algorithms, we've synthesised insights from on-chain indicators, technical signals, market data and a thorough competitive analysis to deliver a rigorous, data-driven perspective on SHIB. So, why might Shiba Inu emerge in 2025 as a strategic entry point within the global DeFi and meme coin landscape?
Recent Performance and Market Context
Price Evolution and Market Recovery
Shiba Inu (SHIB) has demonstrated resilience and adaptability throughout its multi-year journey, weathering volatile phases while repeatedly confirming its status as a leading digital asset among meme coins. As of June 2025, SHIB boasts a spot price of $0.00001283 USD, reflecting a robust 49.6% year-on-year gain, and has outperformed broader crypto benchmarks during periods of heightened market rotation. The token's historical price action underscores a capacity to quickly rebound from market corrections—a quality amplified by sharp surges in trading activity and positive on-chain signals during Q2 2025.
- Volatility Range (last 6 months): $0.00000931 – $0.00004555, indicating both deep liquidity and amplified return potential.
- Market Cap: $7.56 billion USD, maintaining a position within the global top 20.
- 24h Trading Volume: $134.5M USD, with three-month averages consistently between $200M and $300M—testament to strong daily turnover and investor engagement.
Recent Positive Developments
- Shibarium Layer-2 Expansion: Over one billion transactions processed in just 18 months—substantial proof of ecosystem utility and real user adoption.
- Enhanced Burn Mechanisms: Recent burn rates surged by 8,470%, equating to over 1B SHIB permanently removed from circulation, marking a new phase of deflationary pressure.
- Product Rollouts: Launch of ShibTorch V2, bolstered DeFi integrations, and early-stage Metaverse expansion (100,595 plots in development) further diversify Shiba Inu’s ecosystem revenue streams.
Favourable Sector and Macro Tailwinds
While crypto macro cycles remain volatile, several converging trends now support Shiba Inu and the wider digital asset sector:
- Mainstreaming of DeFi: Growth of staking, lending, DEX and cross-chain bridges offers new onramps for utility tokens like SHIB.
- Institutional Interest: Major payment processors and online merchants increasingly accept SHIB, deepening utility and market reach.
- Community Resilience: 1.51 million holders globally, with 82% bullish sentiment (CoinGecko)—a collective force for sustained momentum.
- Regulatory Evolution: Progressive jurisdictions (including some APAC regions) are clarifying frameworks for meme tokens and blockchain-based finance, potentially accelerating SHIB’s path to adoption.
Technical Analysis
Key Indicators & Structure
Current technicals indicate a market poised for renewed upside across multiple time frames:
- Relative Strength Index (14D): 65.3 (in bullish territory, not yet overbought), implying further upside potential.
- MACD (12,26,9): Neutral—waiting for the next momentum cross-up, but not signalling exhaustion.
- Short- and Mid-Term SMAs: 20, 50 and 100-day averages are all currently beneath spot, providing foundation for further lifts. The 200-day SMA is the only minor caution flag (just above spot), but improving momentum suggests imminent break above.
- Support/Resistance:
- Solid Support: $0.00001224 (recent 24h low—acts as short-term safety net).
- Next Resistance Level: $0.00001450 (100EMA, watched by market participants).
Upside Structure and Trade Setup
- Series of "higher lows" formed since Q1 2025, typically a precursor to sustained upward trends.
- High-volume wedges and consolidation patterns could quickly transition into breakout moves, especially on positive ecosystem or regulatory news.
- "Strong Buy" ratings from several major technical frameworks—further reinforced by on-chain transaction surges.
Fundamental Analysis
Growing Ecosystem and Real Adoption
Shiba Inu has fundamentally evolved beyond the meme label, now anchoring a full-spectrum DeFi and digital commerce ecosystem:
- DeFi & Staking: High-yield pools on ShibaSwap ensure capital inflow, with options for both US and global investors.
- Shibarium Layer-2: Delivers scalable, low-fee transactions and serves as a backbone for additional dApps and future verticals.
- Metaverse & NFT Integration: SHIB: The Metaverse signals a strategic pivot into high-growth virtual real estate and digital asset ownership.
- Merchant Adoption: Rising acceptance as a payment method through direct integrations with payment gateways.
Attractive Relative Valuation
- Market Cap ($7.56B) / Fully Diluted Value: Maintains discount to many blue-chip meme tokens and alts with weaker fundamentals or smaller communities.
- High Liquidity: Consistently among the top 20 for daily volume—reducing slippage and execution risk for large investors.
- Deflationary Tokenomics: Ongoing burn events (8,470% surge in Q2 2025) actively reduce float, applying upward pressure to price models.
Competitive Differentiation
- Innovation: Early leader in turning "meme" reputation into real-world DeFi infrastructure and developer ecosystem.
- Community: Decentralised governance (Doggy DAO), over 1.5M holders—a major moat against rivals.
- Protocol Upgrades: Frequent improvements in burn rate mechanisms, Layer-2 scaling, and expanded dApp support.
Volume, Liquidity, and Dominance
- Volume: $134.5M–$300M average daily volume. Indicates ongoing market confidence and room for further institutional adoption.
- Dominance: Maintains top-20 global rank—offers relative safety in a crowded altcoin field, while retaining asymmetric upside.
Positive Catalysts and Outlook
- Upcoming Protocol Upgrades: Enhanced burn and Layer-2 scaling are imminent for 2025–26.
- Metaverse Expansion: Land sales and user onboarding in SHIB: The Metaverse could open new revenue and engagement channels.
- DeFi Integrations: Greater utility for the SHIB token via lending, synthetic assets, and decentralised trading pools.
- Regulatory Developments: Expected clarity, particularly from the Asia Pacific region, may unlock new markets and institutional flows.
Investment Strategies by Horizon
Short-Term (Weeks–Months)
- Entry on Dips: Technical pullbacks to support ($0.00001224) present solid risk/reward setups.
- Event-Driven Trades: Upcoming protocol milestones and burn events often precede price spikes.
- Momentum Alignment: ‘Strong buy’ signals on technical indicators can be leveraged for short-term swing strategies.
Medium-Term (6–18 Months)
- Buy-the-Dip Strategy: Accumulate on market volatility, anticipating Layer-2 and metaverse rollouts to drive narrative and price.
- Staking and DeFi Incentives: Holders benefit from ShibaSwap yield, providing additional returns during consolidation periods.
- Ecosystem Diversification: Allocation to both token and metaverse assets offers exposure to multiple growth verticals.
Long-Term (2+ Years)
- Structural Compounder: Shiba Inu’s track record of delivering new use cases (DeFi, NFTs, metaverse) positions it as a survivor with asymmetric upside.
- Deflationary Leverage: Regular and accelerated burn mechanisms may generate favourable supply/demand dynamics for patient investors.
- DAO Governance: Active community involvement ensures ongoing protocol evolution and defence against dilution or platform risk.
2025–2029 Shiba Inu Price Projections
Year | Projected Price (NZD) |
---|---|
2025 | 0.000021 |
2026 | 0.000027 |
2027 | 0.000035 |
2028 | 0.000044 |
2029 | 0.000058 |
Is Now the Right Time to Consider Shiba Inu?
Shiba Inu’s compelling combination of high liquidity, ongoing ecosystem innovation, and surging deflationary dynamics means its fundamentals now justify renewed investor interest. With robust technical buy signals, clear positive catalysts on the horizon, and an ever-expanding suite of DeFi and metaverse products, SHIB could well be entering a new upward phase backed by both market structure and user adoption.
Key strengths to consider:
- Ecosystem Growth: Layer-2 Shibarium, metaverse expansion, and fast-growing DeFi integrations.
- Deflationary Pressure: Accelerated burn events reducing circulating supply.
- Technical Momentum: Most technical and on-chain indicators in bullish alignment.
- Community Support: One of the largest and most active user bases in the crypto sector.
- Attractive Risk/Reward: Relative valuation and long-term position as an innovation leader among meme tokens.
In light of these factors, and with the convergence of both structural and event-driven tailwinds, Shiba Inu seems poised to reassert itself as an attractive opportunity for dynamic digital asset investors. The path ahead appears bright for those seeking exposure to the next evolution of the meme-to-utility token narrative in global DeFi.
Shiba Inu remains a high-volatility cryptocurrency that offers compelling opportunities for active investors, but requires prudent risk management. The recent acceleration in price action highlights SHIB’s ability to generate swift, powerful moves—yet evolving macroeconomic conditions suggest the need for ongoing selectivity. Investors should pay particular attention to support at $0.00001224 and resistance at $0.00001450. The next major protocol upgrade scheduled for Q2 2025 could serve as a pivotal catalyst shaping SHIB’s trajectory.
How to buy Shiba Inu?
Shiba Inu (SHIB) is easy and secure to purchase online in New Zealand when using a regulated platform. Kiwi investors have two major options: you can either buy the SHIB tokens directly (called “spot buying”) and hold them in your own wallet, or you can trade via crypto CFDs, speculating on SHIB’s price movements without owning the underlying tokens. Each method has its own advantages and costs. To help you find the best fit, we provide a detailed platform comparison further down the page.
Spot Buying (Direct Purchase)
Buying Shiba Inu "at spot" means you actually purchase real SHIB tokens at the current market price, and hold them in your exchange account or transfer them to your personal crypto wallet for safekeeping. Most New Zealand-friendly platforms charge a fixed commission per transaction, often around NZ$5–NZ$10 or a small percentage (e.g. 0.5%–1%) of your purchase.
Example
Suppose SHIB is currently trading at US$0.00001283 (about NZ$0.00002100). With NZ$1,700 (~US$1,000), you can buy approximately 80,952,380 SHIB coins (after about NZ$10 in fees).
✔️ If the price increases by 10%, your holdings would be worth about NZ$1,870. Gain: +NZ$170, or +10% on your investment (excluding fees).
Trading via CFD (Contract for Difference)
Trading SHIB via CFDs means you do not own SHIB tokens; instead, you speculate on the price movement by opening a position—long or short—on a regulated trading platform. CFD brokers charge a spread (the difference between buy/sell prices) and may also apply overnight financing fees if you keep leveraged positions open for more than one day.
Example
You invest NZ$1,700 (about US$1,000) in a SHIB CFD trade using 5x leverage. Your market exposure is NZ$8,500.
✔️ If SHIB rises by 8%, your position gains 8% × 5 = 40%. Your net result: +NZ$680 on your initial NZ$1,700 (before fees and interest).
Final Advice
It’s essential to carefully compare the fees, spreads, withdrawal options, and regulations of each platform before investing in Shiba Inu. Spot purchases may suit investors wanting direct control of their coins, while CFDs offer more flexibility and leverage—but carry higher risk. Ultimately, your choice should align with your experience level and investment goals. See our NZ-focused platform comparison below to make an informed decision.
Compare the best cryptocurrency exchanges in New-Zealand!Compare platformsOur 7 tips for buying Shiba Inu
Step | Specific tip for Shiba Inu |
---|---|
1. Analyse the market | Examine SHIB’s price trends, volatility, and technical signals (such as RSI and moving averages) to identify favourable entry points. The current signals show strong buying potential, but expect sharp fluctuations typical of meme tokens. |
2. Choose the right exchange | Select a reputable exchange that offers SHIB trading pairs with NZD or USD, reliable security measures, and good liquidity. Platforms regulated in New Zealand or with a strong global presence are recommended for investor protection. |
3. Define your investment budget | Allocate only the amount you can afford to lose, as SHIB remains highly volatile. Diversify your capital and avoid overexposure to a single asset, even during periods of optimistic market sentiment. |
4. Set your investment strategy | Decide in advance if your approach is short-term (trading swings on volatility) or long-term (holding for ecosystem growth, burns, and potential new highs). Regularly review your plan as the Shiba Inu ecosystem develops and matures. |
5. Monitor news and ecosystem updates | Stay up-to-date on Shiba Inu’s technological progress (e.g. Shibarium upgrades, token burns, DeFi integrations). Local regulations and global sentiment shifts can impact the NZ and international crypto environment—adapt your actions accordingly. |
6. Apply risk management tools | Use stop-loss orders and consider dollar-cost averaging to reduce emotional decision-making. Diversify across assets and consider cold storage for added security if holding SHIB long term. Review risks posed by high token supply and evolving regulations. |
7. Sell at the right time | Set clear exit targets based on your goals and the latest technical indicators (e.g. resistance levels or target returns). Take profits in stages if the price rises sharply and avoid letting emotions drive your exit decisions in a volatile market. |
The latest news about the Shiba Inu
Shiba Inu (SHIB) has shown notable short-term strength, with a 2.1% price increase over the past week and a strong 'Buy' signal supported by technical indicators such as RSI, moving averages, and positive 24-hour momentum.
The latest data as of June 7, 2025 confirm that SHIB is outperforming many of its meme token peers, with 49.6% growth year-over-year and solid liquidity—$134.5 million in 24h volume—providing confidence for investors monitoring for safe entries or exits. For New Zealand-based professionals, SHIB remains easily accessible through leading global exchanges that serve local users (such as Binance, Coinbase, and Crypto.com), and the strong liquidity profile ensures it remains practical for both retail and institutional portfolios.
A major positive catalyst for SHIB is the continued expansion and adoption of the Shibarium Layer-2 scaling solution, which enhances transaction speeds and enables innovative burn mechanisms that directly benefit token holders by driving deflationary pressure.
In the past week, the SHIB network recorded a symbolic milestone—over 1 billion transactions executed on Shibarium and an all-time-high burn rate surge of 8,470%. This development is crucial for investors in New Zealand as it demonstrates tangible ecosystem advancement, making SHIB less reliant on speculative hype and more supported by product and utility innovation—a key concern for regional supervisory authorities and investors increasingly focused on token fundamentals.
Institutional and ecosystem development has accelerated, demonstrated by high-profile ecosystem updates including the launch of ShibTorch V2 and the expansion of decentralized finance and metaverse projects within the Shiba Inu platform.
For New Zealand’s investor community—both professional and retail—these milestones mean access to a rapidly maturing project with significant DeFi and metaverse infrastructure, building long-term value beyond price action alone. With the recent launch of enhanced burn protocols and ongoing community-driven governance, SHIB’s credibility is being bolstered, which is relevant for institutional consideration and potential future local adoption cases (e.g., partnerships with fintech or e-commerce platforms).
Community and market sentiment surrounding SHIB has maintained an overwhelmingly bullish bias this week, with 82% of CoinGecko participants expressing positive outlook, aided by strengthened fundamentals and technical indicators.
For local market participants, this sentiment is reinforced by the continuing global narrative of meme tokens innovating toward genuine utility—a trend that aligns with the observed global adoption dynamics and that New Zealand’s digital asset sector is actively monitoring for both investment opportunity and regulatory response.
Regulatory clarity remains moderate but is stable, with SHIB trading unimpeded on all leading exchanges serving the New Zealand market, and no new local restrictions or tax changes reported in the last week.
Local analysts should note that while broad international rules (such as US IRS classifications and reporting frameworks) have tightened, these have not led to any operational disruption for Kiwi investors. Staking rewards, available through platforms like ShibaSwap, continue to be accessible without new NZ-specific limitations, supporting yield-generation strategies for both professional asset managers and retail participants.
FAQ
What is the latest Shiba Inu staking yield?
Shiba Inu currently offers a staking mechanism through its official platform, ShibaSwap. The average yield varies depending on network activity and specific staking pools, but rewards are generally distributed in SHIB and related ecosystem tokens. Liquidity may be partially locked during the staking period, and unstaking procedures can take a few days for rewards to be fully accessible. Notably, recent improvements in the burn mechanism have slightly impacted yield distributions by creating more deflationary pressure within the system.
What is the forecast for Shiba Inu in 2025, 2026, and 2027?
Starting from the current price of $0.00001283 USD, projections suggest Shiba Inu could reach approximately NZD 0.0000326 by the end of 2025, NZD 0.0000435 in 2026, and NZD 0.0000653 in 2027 (based on current exchange rates). These optimistic scenarios reflect accelerated ecosystem growth, particularly with Shibarium’s scaling advancements and enhanced burn protocols that continue to improve utility and token scarcity.
Is it a good time to buy Shiba Inu?
Shiba Inu’s ecosystem has shown strong momentum, with ongoing innovations such as Shibarium Layer-2, active token burns, and integration into new DeFi and metaverse projects. Technical indicators currently show a strong “buy” signal, driven by bullish community sentiment and increased adoption as a payment method. However, due diligence remains important as regulatory and volatility risks are inherent to this sector.
How are gains on Shiba Inu taxed in New Zealand?
In New Zealand, profits from selling Shiba Inu are generally considered taxable income if you buy and sell with the intention of making a profit. There are no specific crypto exemptions: you must declare gains in your annual tax return. IRD guidance emphasizes keeping clear records of your transactions, and taxes apply regardless of how long the assets are held. Shiba Inu is subject to these rules like any other cryptocurrency.
What is the latest Shiba Inu staking yield?
Shiba Inu currently offers a staking mechanism through its official platform, ShibaSwap. The average yield varies depending on network activity and specific staking pools, but rewards are generally distributed in SHIB and related ecosystem tokens. Liquidity may be partially locked during the staking period, and unstaking procedures can take a few days for rewards to be fully accessible. Notably, recent improvements in the burn mechanism have slightly impacted yield distributions by creating more deflationary pressure within the system.
What is the forecast for Shiba Inu in 2025, 2026, and 2027?
Starting from the current price of $0.00001283 USD, projections suggest Shiba Inu could reach approximately NZD 0.0000326 by the end of 2025, NZD 0.0000435 in 2026, and NZD 0.0000653 in 2027 (based on current exchange rates). These optimistic scenarios reflect accelerated ecosystem growth, particularly with Shibarium’s scaling advancements and enhanced burn protocols that continue to improve utility and token scarcity.
Is it a good time to buy Shiba Inu?
Shiba Inu’s ecosystem has shown strong momentum, with ongoing innovations such as Shibarium Layer-2, active token burns, and integration into new DeFi and metaverse projects. Technical indicators currently show a strong “buy” signal, driven by bullish community sentiment and increased adoption as a payment method. However, due diligence remains important as regulatory and volatility risks are inherent to this sector.
How are gains on Shiba Inu taxed in New Zealand?
In New Zealand, profits from selling Shiba Inu are generally considered taxable income if you buy and sell with the intention of making a profit. There are no specific crypto exemptions: you must declare gains in your annual tax return. IRD guidance emphasizes keeping clear records of your transactions, and taxes apply regardless of how long the assets are held. Shiba Inu is subject to these rules like any other cryptocurrency.