SHIB Faces Consolidation Phase Despite Burn Rate Surge

Shiba Inu (SHIB) is currently trading sideways with weak bullish momentum, as technical indicators suggest a consolidation phase ahead for investors. Despite a staggering 16,717% spike in SHIB's burn rate following its integration with Coinbase's Base network—resulting in over 600 million tokens burned—the price action remains subdued. The token shows minimal 24-hour movement, down just 0.08%, with its Relative Strength Index (RSI) at 45.23 indicating neutral momentum. This presents a potential for a directional breakout, but bears continue to maintain control for now. The massive burn rate spike highlights growing utility and community efforts, yet SHIB's price struggles to reflect this bullish development. Investors are advised to watch for key breakout levels as the market digests these mixed signals.

SHIB Price Struggles Despite Massive Burn Rate Spike as Bears Maintain Control

Shiba Inu trades sideways with weak bullish momentum while technical indicators suggest a consolidation phase ahead for SHIB investors. The token currently shows minimal 24-hour movement, down just 0.08%, with its RSI at 45.23 indicating neutral momentum and potential for a directional breakout.

A 16,717% spike in SHIB's burn rate followed its integration with Coinbase's Base network, resulting in over 600 million tokens destroyed in two days. Yet this deflationary pressure failed to significantly impact price action, revealing a disconnect between fundamental developments and market sentiment.

Earlier weakness from July 23rd continues to weigh on SHIB, with a 7.86% decline that erased the prior week's 16% gains. The token remains vulnerable to broader altcoin market trends despite positive ecosystem developments.

Shiba Inu Faces Resistance at $0.000016 Amid Whale Activity Shift

Shiba Inu's recent 30% surge following its July 9th breakout has stalled at the $0.000016 resistance level, with prices retreating 20% as selling pressure intensifies. The meme coin's struggle to escape its long-term correction persists despite expanding to Base blockchain and recording a 374,629.7% single-day burn rate spike.

On-chain data reveals contradictory signals: while SHIB's daily active addresses grew 12.9%, whale interest appears shifting toward newer altcoins priced below $0.0003. The community's aggressive deflationary push—including a single transaction burning 600.7 million tokens ($8,300)—hasn't yet translated to sustained price momentum.

Market participants question whether SHIB can replicate past bull cycle performances, particularly as its Layer-2 solution Shibarium fails to catalyze breakout momentum. The token's reliance on retail speculation and celebrity endorsements contrasts with emerging fundamentals-focused projects attracting institutional capital.

Shiba Inu Marks Fifth Anniversary with Key Milestones Highlighted by Executive

Shiba Inu (SHIB) celebrated its fifth anniversary on August 1, 2025, marking half a decade since its launch as a meme coin. SHIB Executive Lucie commemorated the occasion by outlining the project's significant achievements, emphasizing its evolution from a speculative asset to a robust ecosystem supported by a global community.

The token, created by anonymous founder Ryoshi in August 2020, reached its all-time low of $0.00000004 in March 2021 before surging to a peak of $0.0000885 by October 28, 2021—a day that also saw its market capitalization hit $41 billion. Trading volume during that period spiked to $30 billion over two days, underscoring frenzied retail interest.

Currently listed on approximately 115 exchanges, SHIB now resides in over 1.5 million wallets worldwide. The figures reflect both the coin's speculative heyday and its enduring foothold in the crypto markets.

Shiba Inu Marks 5th Anniversary with Bullish Signals as Burn Rate Spikes 5,800%

Shiba Inu, the meme coin that captured retail investors' imagination during the last crypto cycle, celebrates its fifth anniversary amid growing signs of a potential breakout. On-chain metrics paint a bullish picture, with the SHIB burn rate surging 5,837.6% in 24 hours and Shibarium network maintaining robust transaction volume above 4.5 million daily.

Technical analysts observe compelling chart patterns, including a monthly demand base described as "strong" by trader Vegeta and a cup-and-handle formation identified by Joe Swanson that suggests 70% upside potential. Institutional interest appears to be growing, with a Coinbase Prime-linked wallet accumulating 193.4 billion SHIB ($2.37M) during a period of price consolidation.

The confluence of whale accumulation, accelerating token burns, and sustained network activity creates a rare trifecta of positive indicators for the dog-themed cryptocurrency. Retail traders are taking notice, with IntoTheBlock data showing increasing participation from smaller wallets.