In July 2025, the Shiba Inu community ramped up token burn efforts aimed at affecting the token's price amid limited market changes.
1.3 Billion SHIB Burned: Community's Ongoing Effort
The Shiba Inu community has accelerated its token burn initiatives, recently burning over 1.3 billion SHIB in a week. Regular burns are part of the Shibarium's layer 2 network aimed at supply reduction.
Participants include the community, the Shibburn tracker, and whale participants. Major burns reached up to 13.15 million SHIB in a single transaction, causing notable but temporary spikes in burn rates.
Burn Rates Soar 4,000%, but SHIB Price Falls
The burn campaign led to a short-term spike in burn rates by 4,000%. However, the SHIB price has declined by 1.84%, reflecting challenges in market sentiment and trading activity.
Despite these efforts, institutional interest remains stagnant. The burn program mainly affects retail participants, with little cross-asset flow or price appreciation evident in market reactions.
Analysts Skeptical of SHIB Reaching $0.0001
Shiba Inu's burn approach compares to past events where similar burn mechanics aimed to combat supply excess, seen in meme coin ecosystems. Historically, price uptrends have been fleeting.
Potential outcomes depend on possible market dynamics change. Analysts suggest targeting price zones below $0.00003347, with mixed forecasts on achieving $0.0001 due to uncertain demand increases.
CITE_W_A: "With strong historical bounce zones around 0.00001131, a breakout to the upside could send SHIB soaring up to 0.00003347 — that’s a 195% potential gain." — Crypto Henry, Analyst.
The Shiba Inu community's extensive token burn efforts may not have a significant impact on price under current market conditions, highlighting the complex dynamics of the cryptocurrency market.
