Shardeum, the blockchain project co-founded by WazirX’s Nischal Shetty, has seen its native token SHM plummet nearly 60% since its early May 2025 debut. Initially trading at around $0.35, SHM now hovers near $0.085 amid a broader market downturn and typical post-listing sell-off pressures. The sharp decline has raised concerns about investor confidence and long-term viability. Liquidity issues and bearish sentiment have further fueled the drop, despite earlier hype. Analysts expect some potential recovery, projecting a rebound to the $0.12–$0.16 range by late 2025, but current market conditions suggest a cautious outlook for Shardeum in the short term.