SHIB Token Burn Rate Skyrockets 10,845%: Potential Price Impact Analyzed

The shiba inu ecosystem has dramatically intensified its deflationary efforts, with the SHIB burn rate surging an astonishing 10,845% within just 24 hours. According to data from Shibburn, a staggering 9,551,523 SHIB tokens were permanently removed from circulation by being sent to inactive wallets on July 7, 2025. This aggressive token burning initiative represents a significant acceleration of SHIB's deflationary strategy, which aims to systematically reduce the cryptocurrency's circulating supply to potentially drive price appreciation. The community-led burn mechanism has become a cornerstone of SHIB's economic model, with this recent activity demonstrating the growing commitment of the Shiba Inu community to the token's long-term value proposition. While the immediate price impact remains to be seen, such substantial supply reduction events historically create positive sentiment around the asset. Market analysts will be closely watching SHIB's price action in the coming days to assess whether this dramatic increase in burn rate translates into sustained upward momentum for the popular meme cryptocurrency.

Shiba Inu Burn Rate Jumps 10,845%, Here’s Possible Impact on SHIB Price

The Shiba Inu ecosystem has reignited its deflationary mechanism, with the burn rate surging by 10,845% in the last 24 hours. Data from Shibburn reveals that 9,551,523 SHIB tokens were sent to inactive wallets, a move designed to reduce circulating supply and drive price appreciation.

Community-led burns are central to SHIB's deflationary strategy. By systematically removing tokens from circulation, the ecosystem aims to create scarcity and stimulate demand. The current circulating supply stands at 589 trillion SHIB, with a significant portion staked or locked.

While the recent burn represents a fraction of the total supply, persistent reduction efforts could compound over time. Market dynamics suggest that sustained burns may eventually exert upward pressure on SHIB's valuation, though immediate price impact remains muted given the token's vast circulating base.

Shiba Inu (SHIB) Price Prediction: Analysts Eye $0.000032 Target Amid Bullish Signals

Shiba Inu (SHIB), the meme-inspired cryptocurrency, is currently trading at $0.00001179, with analysts projecting a potential 171% surge to $0.000032. crypto analyst Javon Marks highlights a bullish divergence between SHIB's price and the MACD indicator on the 2-day timeframe, signaling a possible trend reversal.

Technical analysis reveals a lower low in March 2025 ($0.00001083) compared to July 2024 ($0.00001270), yet the MACD showed higher momentum during the second low—a classic reversal signal. Marks notes the convergence of MACD and signal lines, suggesting a bullish crossover could reinforce the upward trajectory.

Community sentiment is further buoyed by ambitious long-term predictions, including a speculative $0.01 target. The fading selling pressure and shortening histogram bars add credence to the bullish outlook, positioning SHIB for a potential parabolic rally.