shib token, just like tons of other tokens and coins dont do anything and dont make any product nor they dont solve any problem the main idea behind them is hyping people to buy it, just because they think it goes up
so, many and many people will start doing this until they see other coins or tokens are actually solving problem or making a product and making value while their tokens do nothing, then people start to sell and nobody (even their own community) dont buy it
it makes a sharp dip
so? fundamentally im so bearish on this and if you think its chart looks great i suggest to find another chart which has a good backbone at least like noia, vra, ada, sand and many that you can find it, but this one clearly has no future