Share this article
Buzz Around Shiba Inu Is Nowhere Close to Retail Frenzy Seen in May
Web data shows SHIB’s latest rally has yet to catch the attention of the general public.
Updated May 11, 2023, 5:27 p.m. Published Oct 8, 2021, 7:25 p.m.
While is on a tear, it may be too early to compare the buzz around the dogecoin-inspired cryptocurrency with the peak retail frenzy observed just ahead of the bull market peak early this year.
At press time, Google Trends, a widely used tool to gauge retail interest in trending topics, is returning a relatively low value of 10 for the search term “how to buy shiba inu” over the past 12 months.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
While general interest has picked up slightly with SHIB’s 230% weekly gain, it is nowhere close to the peak of 100 reached on Google Trends in the second week of May. A score of 100 represents peak popularity among the general population – the maximum number of searches observed for a term during a given time frame. It indicates that more and more people are scanning the web for information on the trending topic.
Web data shows SHIB’s latest move higher has yet to catch the attention of retail investors, and further gains may be in the offing.
Google Trends provides access to a mostly unfiltered sample of search requests made to Google and scales these searches on a range of 0 to 100, according to the company. The search value represents the search interest relative to the highest point on the chart for the selected region and time.
Retail investors have a reputation of being the last entrants in the bull run. As such, a Google search value of 100 or peak retail interest often coincides with bull market exhaustion. SHIB’s year-to-date high of 0.0000388 coincided with search value for “how to buy Shiba Inu” reaching 100 in the second week of May.
Rally in programmable blockchain Solana’s SOL token peaked above $200 in the second week of September, with the Google search value for the term “how to buy solana” rising to 100. The cryptocurrency pulled back to $114 in the following days before bouncing to $180 this week.
Bitcoin’s 2017 bull run peaked with the Google search value for the term “bitcoin” rising to 100 in December. Similar web search values were observed in January and April this year, signaling a retail frenzy.
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Bitcoin's Parabolic Arc Snaps: Trader Peter Brandt Eyes $25K Crash Floor
Veteran trader Peter Brandt warns that bitcoin's growth parabola has fractured, potentially leading to a price drop to $25,000.
What to know:
- Veteran trader Peter Brandt warns that bitcoin's growth parabola has fractured, potentially leading to a price drop to $25,000.
- Bitcoin's bull cycles have historically seen diminishing returns, with significant pullbacks following record highs.
- The current cycle saw prices double to $126,000 before pulling back to under $90,000, breaking the parabolic trend.
Top Stories
