SHIB’s Deflationary Push: Burn Rate Soars 1900% Amid Market Struggles
In a surprising turn of events, shiba inu (SHIB) has witnessed an unprecedented 1900% surge in its token burn rate over the past 24 hours, with more than 13.5 million SHIB tokens permanently removed from circulation. This dramatic spike in deflationary activity comes at a time when the memecoin is facing persistent price weakness, dropping 3.9% to $0.00001135 despite the reduced supply pressure. The broader meme coin sector has been under bearish sentiment, overshadowing SHIB's significant burn efforts. Interestingly, this recent burn surge contrasts sharply with a 20% weekly decline in token destruction, highlighting inconsistencies in long-term supply reduction strategies. As of June 22, 2025, the SHIB community remains divided on whether these deflationary measures will ultimately translate to price appreciation, especially given the current market conditions. The coming weeks will be crucial in determining whether this burn rate surge can catalyze a turnaround for the popular memecoin.
Shiba Inu Burn Rate Surges 1900% Amid Persistent Price Weakness
Shiba Inu's token burn rate skyrocketed 1900% in the past 24 hours, with over 13.5 million SHIB removed from circulation. Yet the memecoin failed to capitalize on this deflationary pressure, dipping 3.9% to $0.00001135 as bearish sentiment gripped the broader meme coin sector.
The dramatic burn spike contrasts sharply with a 20% weekly decline in token destruction, revealing inconsistent long-term commitment to supply reduction. Market capitalization mirrored the price drop, shrinking to $6.66 billion as investors remained cautious.
Such divergence between burn metrics and price action underscores the market's current indifference to SHIB's tokenomics. The memecoin continues to trade at the mercy of broader cryptocurrency trends rather than project-specific developments.
SHIB Faces Historical June Slump as 65% of Investors Sit on Losses
Shiba Inu's market performance mirrors the volatility of meme-driven assets, with 65% of holders now underwater. On-chain data reveals a stark contrast between SHIB's viral HYPE phase and its current correction trajectory.
June has cemented its reputation as SHIB's cruelest month—the token has never posted a positive monthly close in its five-year history. CryptoRank data shows an average June decline of 13.8%, with 2024 continuing the bearish pattern. Nearly 590 million tokens fled exchanges this month as investors retreated.
Forecasts remain divided. CoinCodex projects potential short-term gains of 8.8%, but the weight of historical trends looms large. 'Community sentiment alone can't defy market cycles,' observes one analyst, noting how meme coins increasingly track broader crypto market rhythms rather than social media trends.
Shiba Inu Price Plummets Amid Market Turmoil, Bullish Pattern Emerges
Shiba Inu's price continued its downward trajectory, dropping 38% from May highs to $0.000011 as geopolitical tensions rattled crypto markets. The token's market capitalization now stands at $6.4 billion - a far cry from its November 2021 peak of $19 billion.
Whale activity tells a concerning story: holdings have collapsed by 80% in the past month, while smart money positions fell 33%. Futures open interest sits at $122 million, the lowest since May, reflecting waning speculative interest.
Despite the bearish momentum, technical indicators suggest potential reversal. The token has entered extreme oversold territory on Murrey Math Lines, with RSI similarly depressed. This comes as SHIB forms what appears to be a bullish chart pattern, though confirmation requires breaking current resistance levels.
Shiba Inu Forecast Suggests Potential for Million-Dollar Gains Amid Accumulation Trend
Shiba Inu (SHIB) remains a focal point for crypto investors despite recent price declines, with new forecasts projecting possible 10x to 50x rallies. The meme token currently trades at $0.00001137, down 6% weekly and 46% year-to-date, yet on-chain data reveals sustained accumulation by mid-term holders.
Wallets holding SHIB for 1-12 months—dubbed 'Cruisers'—have added 29.57 trillion tokens since June, bringing their total holdings to 199.13 trillion SHIB ($2.26 billion). This accumulation suggests strategic positioning for a potential rebound, as analysts identify key support between $0.00001133 and $0.00001018.
Market observers note the token could rally toward $0.00002174 if support holds, though ambitious $1M portfolio scenarios WOULD require substantial price appreciation. The activity contrasts with broader market pessimism, highlighting SHIB's unique position as a high-risk, high-reward asset.
