Shiba Inu Coin is once again gaining attention after a sharp increase in token burning. Recent changes are opening new opportunities for the community.
Surge in SHIB Token Burning
Shiba Inu Coin experienced a remarkable 16,717% increase in token burning. This surge followed a previous rise of 1,581%, during which over 100 million SHIB tokens were permanently sent to dead wallets within a 24-hour period. To date, over 410 trillion SHIB tokens have been permanently removed from circulation.
Impact of New Burning Mechanism
The recent surge in token burning coincided with Shiba Inu's official launch on Base, Coinbase's layer-2 blockchain. The new integration offers a burning mechanism to further reduce token supply and introduce new DeFi opportunities for SHIB. This update is supported by the community and ecosystem apps that automatically redirect part of transaction fees to burn addresses.
Growth Outlook for the Token in July
Despite positive changes in the burning mechanism, the price of SHIB has not reacted as strongly as many expected. In the last 24 hours, the token decreased by 4.4%, trading at $0.00001273. However, analysts note the formation of a symmetrical triangle on the charts, which may predict a breakout. Historically, SHIB has performed well in July, closing July 2022 up 13.4% and 11.8% in 2023. Currently, the token shows about an 11% increase in July 2025, peaking at $0.0000141.
Shiba Inu Coin continues to attract interest due to high token burning rates and new mechanisms being introduced. The coming days could be key for the token's further rise.
