[DigitalToday reporter Jinju Hong (홍진주)] A market specialist pushed back against a warning aimed at new investors in Shiba Inu (SHIB), saying it was an assessment that fails to reflect recent changes in fundamentals and market structure.

On May 11 (local time), blockchain outlet The Crypto Basic reported that market commentator Luckside Crypto drew a line against recent warning-focused views that stress Shiba Inu’s speculative nature and volatility, arguing that the project’s underlying strength and market resilience are improving together.

The issue is whether Shiba Inu can be seen only as a high-risk asset typical of meme coins. Luckside Crypto noted that the altcoin market has risen to its highest level since Feb. 3. With investment sentiment returning across the market, Shiba Inu could enter a strong rebound phase, he said. He mentioned that, as of that point, Shiba Inu had risen steadily in recent weeks and was up more than 4 percent.

He also offered a price outlook. Luckside Crypto said that if the current bullish momentum holds, it could remove one zero from Shiba Inu’s price. He added that it is not appropriate to assess Shiba Inu based only on simple price expectations.

His direct rebuttal targeted a Watcher Guru article that warned new Shiba Inu investors about meme coin risks. The article cited Shiba Inu’s speculative nature, high volatility and regulatory concerns surrounding meme-based cryptocurrencies. Luckside Crypto said the description that defined Shiba Inu as a kind of digital collectible outside securities law oversimplified the regulatory environment.

He cited recent guidance from the U.S. Securities and Exchange Commission (SEC). He argued that a cryptocurrency does not automatically become subject to securities law simply because it is classified as a digital commodity. The SEC has previously cited Shiba Inu, Cardano (ADA) and XRP as examples of digital commodities.

He also countered criticism over investor expectations. Luckside Crypto said it is wrong to view only Shiba Inu investors as relying on unrealistic price targets. He said speculative goals of expecting high future prices are widespread across the cryptocurrency market, including among XRP supporters. "There is always a speculative character in the cryptocurrency market," he said. "It is because this market is still in an early stage."

He particularly stressed that Shiba Inu’s fundamental indicators were not properly addressed in the article. Since February, Shiba Inu has seen the number of holders increase, exchange supply decline and the long-term market structure improve, he said. Luckside Crypto assessed that this trend has raised Shiba Inu’s stability compared with the past.

He did not present only an optimistic view. He cited Bitcoin (BTC) as still showing a bearish technical pattern as a burden factor for the broader market, including Shiba Inu. He also warned that scheduled events such as a consumer price index (CPI) report and a review of the Clarity bill could further increase market volatility.

Ultimately, the debate is focusing on whether to view Shiba Inu simply as a meme coin risk or whether to consider holding structure, circulating supply and regulatory interpretation together. The bullish case for Shiba Inu is continuing, but its direction is expected to remain influenced by Bitcoin’s moves and key macro and policy variables.