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- Billions of SHIB tokens destroyed, boosting scarcity.
- Potential 130% price increase under favorable conditions.
- Sustained adoption and ecosystem growth crucial for long-term gains.
Shiba Inu (SHIB) is back in the spotlight as its token burn activity intensifies, catching the attention of traders and investors alike. The community-driven push to shrink the circulating supply has created renewed excitement, fueling speculation that SHIB could replicate the massive rallies of 2021.
Burning Tokens and Building Scarcity
Recent burn activity has been staggering. Shiba Inu’s burn rate surged by 3,464% in just a few days, destroying billions of tokens and reducing the circulating supply to around 589 trillion, down from an original quadrillion. This automated burn mechanism, powered by Shibarium’s layer-2 network transaction fees, steadily trims supply while community initiatives like Shibburn amplify the effect.
On-chain data points to consistent growth, with roughly 10,000 new addresses added weekly and daily transaction volumes holding steady around $200 million. Despite trading at $0.00001343—far below its 2021 peak—the market cap of $7.91 billion signals room for potential growth. Analysts are eyeing a possible 130% price surge if the burn momentum continues alongside healthy demand.
HOURLY SHIB UPDATE$SHIB Price: $0.00001348 (1hr -0.76% ▼ | 24hr 0.17% ▲ )
— Shibburn (@shibburn) August 11, 2025
Market Cap: $7,947,694,601 (0.18% ▲)
Total Supply: 589,247,906,764,522
TOKENS BURNT
Past hour: 296 (1 transaction)
Past 24Hrs: 752,339 (157.59% ▲)
Past 7 Days: 13,829,470 (-97.82% ▼)
Could the Burn Wave Trigger a Rally?
While token destruction creates scarcity, challenges remain. Only 41% of SHIB’s total supply has been burned, and price gains depend on continued demand from decentralized finance platforms and NFT activity on Shibarium. Recent support tests at $0.000009, along with a neutral Relative Strength Index of 53, highlight the delicate balance between hype and sustained market interest.
Also Read: Shiba Inu Burn Rate Soars 3,464% as Price Stabilizes
Shibarium’s ecosystem shows promise, processing 5 million daily transactions and offering 5% staking rewards. If the burn frenzy persists and another 100 trillion tokens are removed from circulation, SHIB could experience sharp price gains. Historical patterns suggest that well-timed burns can spark rallies exceeding 200%, potentially turning a $1,000 investment into $2,300 under favorable conditions.
Traders Watch for Sustained Momentum
Despite the buzz, the future of SHIB hinges on user adoption and continuous ecosystem growth. The burn wave has heightened scarcity and speculative interest, but long-term gains will require sustained trading volumes and active participation in Shibarium’s offerings. For now, the market watches closely as Shiba Inu attempts to transform community-driven token burns into tangible price momentum.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
I’m your translator between the financial Old World and the new frontier of crypto. After a career demystifying economics and markets, I enjoy elucidating crypto – from investment risks to earth-shaking potential. Let’s explore!
