SHIB Price Outlook for April 2025: Can the Meme Coin Recover?

Shiba Inu (SHIB), once a leading meme coin, has faced significant declines since its all-time high three years ago. With 83% of SHIB holders currently at a loss, the question remains: will April 2025 bring a rebound or further downtrend? This analysis explores key factors influencing SHIB’s price trajectory this month.

Shiba Inu Price Prediction in April: Will the Dog Meme Coin Rebound?

Shiba Inu (SHIB), one of the early meme coins, has seen its price drop sharply. Currently ranked 16th with a market cap of $7.12 billion, SHIB reached its all-time high of $0.00008845 three years ago but has since seen an 86% drop in price, trading at $0.0000124 with a continuous downtrend. This article discusses the short-term outlook and price factors for April 2025 for SHIB.

83% Of Shiba Inu Wallets Are At A Loss: Should We Still Believe In It?

The memecoin Shiba Inu, once a star in the crypto world, seems to have lost some of its shine. According to the latest data from IntoTheBlock, 83% of Shiba Inu wallets are currently at a loss, with investors’ purchase price exceeding the current value of the memecoin. Despite its historic milestones and community enthusiasm, the market remains unpredictable, turning enthusiasm into forced patience for many investors.

Shiba Inu (SHIB) Price Prediction: SHIB Rebounds from Key Support

Despite recent volatility across the broader crypto market, SHIB has shown resilience, prompting renewed Optimism among traders and analysts who believe the token may be preparing for a breakout. Recent on-chain data revealed that crypto whales collectively purchased 874 billion SHIB tokens as the asset plunged to its lowest price in over a year. This sizable accumulation has sparked speculation about SHIB’s next major move, with many interpreting the buys as a signal of confidence in the token’s long-term potential. One analyst noted that large holders often buy when fear is high, typically preceding significant trend reversals.

Shiba Inu Burn Rate Skyrockets 690%: Is SHIB Eyeing a Recovery?

Over the past 24 hours, the Shiba Inu (SHIB) burn rate increased by 690%, with more than 32.3 million tokens removed from circulation. Despite this, the token’s price slipped by 3.3%, reflecting the broader market’s ongoing consolidation. In total, over 410 trillion SHIB tokens have been burned to date, according to Shibburn. Token burns reduce the circulating supply of a cryptocurrency, potentially increasing price pressure if demand remains consistent or increases. However, in SHIB’s case, the recent burn hasn’t yet offset short-term bearish momentum. Currently, Shiba Inu, the second-largest meme coin, is trading at $0.00001096.