An analysis said market expectations have fallen sharply that Shiba Inu can make small investors millionaires in 2026.

The Crypto Basic, a blockchain media outlet, reported on April 29 that Shiba Inu has remained in a bearish trend this year. Rising exchange inflows and the burden of a massive circulating supply have lowered the likelihood of repeating the kind of surge seen in 2021.

Shiba Inu is trading around $0.000006214. It is down about 10 percent since the start of the year, and losses over the past year stand at 54 percent. The analysis said the market environment has changed significantly from the period when meme coins led a frenzy and surged in a short time.

On-chain indicators were also cited as a burden. CryptoQuant data showed Shiba Inu recorded a net inflow of 143,190,000,000 tokens to exchanges over the past 24 hours. That was an increase of 2.27 percent. The amount accumulated on exchanges was tallied at about 81,530,000,000,000 tokens. Rising exchange inflows are typically interpreted as a signal of increasing sell pressure.

Trading volume is also weaker than before. The 24-hour trading volume fell 4.2 percent to about $82 million. The market sees Shiba Inu as no longer a small speculative token but a large cryptocurrency worth several billion dollars. That means it is not a small market-cap token that can generate astronomical returns from only modest inflows.

Applying specific price targets sharply increases the required amount of capital. Shiba Inu would need to rise about 1,509 percent from the current price to reach $0.0001. It would need to surge about 160,826 percent to reach $0.01. In that case, its market value would expand to about $58.92 billion and $5.89 trillion, respectively.

Year-end outlooks are also generally limited. Cryptocurrency trading platform Changelly projected Shiba Inu at $0.00000756 in December 2026, or $0.00000869 in a bullish scenario. Telegaon expected a range of $0.00000631 to $0.0000143 within the year. ChatGPT suggested $0.000004 to $0.000005 in a bearish scenario, and $0.00005 in a very speculative bullish scenario. Whale Scan forecast a range of $0.00003 to $0.00005 in December 2026.

A numerical look at the chances of becoming a millionaire also shows a high threshold. A $1,000 investment would need a 1,000-fold return to become $1 million. For that, Shiba Inu would need to rise to $0.006214, and its market value could reach about $3.66 trillion. A $10,000 investor would need a 100-fold rise, and a $50,000 investor would need a 20-fold rise.

Structural constraints lie behind this. Shiba Inu's circulating supply is about 589,240,000,000,000 tokens. With supply so large, it would take far more capital inflows than in the past to drive a meaningful price rise. The burn rate has also slowed. The community burns tokens daily, but the current burn amount is limited compared with the massive circulating supply.

Ecosystem tasks also remain. Some plans, including a metaverse project and a non-fungible token marketplace, have not yet been completed. The development team's anonymity was also cited as a factor that makes some institutional investors hesitant to participate. Against this backdrop, investor funds are moving to new trends such as artificial intelligence, real-world assets and blockchain infrastructure. Enthusiasm for meme coins has also weakened compared with the past.

As a result, the market's view of Shiba Inu's role is changing. It is seen less as an asset that changes lives through small investments, and more as a speculative asset aimed at short-term volatility or limited cyclical gains. Under the current structure, whether Shiba Inu can create new millionaires may depend more on how much capital investors can deploy than on the token's own upside momentum.