SHIB News: Surge in Token Burn Rate Amid Price Decline Sparks Discussion on Future Prospects

SHIB Burn Rate Soars 640%, But Price Drops – What’s Next?

Amid the ongoing price decline, Shiba Inu (SHIB), the popular and second-largest meme coin, has seen a rise in its token burn rate and is now gaining significant attention from crypto enthusiasts. A blockchain-based Shiba Inu SHIB token burn tracker posted on X (formerly Twitter) that the Shiba Inu community has witnessed a 640% surge in the token burn rate in the past 24 hours, with 15,493,929 tokens burned in that period and 541,922,921 tokens burned in the past 7 days. Despite this, the SHIB price has dropped, currently sitting at $0.00001236 with a market cap of $7,260,239,569 and a total supply of 589,254,638,865,667 tokens.

Here’s Why Shiba Inu (SHIB) Price Could Rally 17X

Shiba Inu (SHIB) has seen fluctuations in price, but analysts predict a significant price surge is on the horizon. market data and expert opinions indicate potential for notable upward movement due to changes in whale activity, investor distribution, and technical patterns. Early SHIB holders accumulated over 20% of the total supply at low prices before selling at market peaks, influencing the token’s volatility. Currently, whale concentration has reduced, with large holders controlling only 15.76% of the total SHIB.

Shiba Inu (SHIB) or BinoFi (BINO)? One Has the Memes, the Other Has the Fundamentals—Which Will Explode in 2025?

The post discusses the comparison between Shiba Inu (SHIB) and BinoFi (BINO), questioning which will perform better in 2025. Shiba Inu, often called the “Dogecoin Killer,” has seen a 6.66% gain over the past week, bolstered by its active community. Originally launched as a response to Dogecoin, Shiba Inu now has its own ecosystem, including Shibarium, a Layer-2 scaling solution on Ethereum.

Shiba Inu Price Prediction 2025: Can SHIB Rebound After Recent Downtrend?

After being trapped in a falling trend in the past two months, Shiba Inu (SHIB), the largest dog-themed memecoin on the Ethereum (ETH) network, has possibly reached its correction bottom. The mid-cap memecoin, with a fully diluted valuation of about $7.4 billion and a 24-hour average trading volume of about $120 million, has rebounded 5 percent in the past seven days to trade about $0.0000126 on Wednesday, March 19, 2025. In the past few months, Shiba Inu’s price has suffered heightened bearish sentiment due to low demand for memecoins and the macroeconomic shift triggered by the U.S.-led tariff wars. However, a potential bullish breakout for Bitcoin could influence the market sentiment for SHIB and other cryptocurrencies.