Shiba Inu saw its largest burn in the last six months, which is typically interpreted as a bullish signal.
However, SHIB’s price remains heavily suppressed in the bear market, and multiple factors point to further downside in the short term.
On July 8, the SHIB team and community scorched almost 110 million coins. However, the USD equivalent of the coins sent to a dead wallet is negligible, and with roughly 585 trillion coins still in circulation, much bigger burns will be required to trigger a major upswing.
The burning mechanism was introduced in 2022, and its ultimate goal is to make the token scarcer and potentially more valuable (should demand remain stable or head north). It is also important to note that Vitaliк Buterin contributed a significant portion of the approximately 410.8 trillion tokens that have already been burned.
As of this writing, SHIB trades at around $0.00000429, an 8% decline for the past month and a whopping 95% collapse since the all-time high witnessed in 2021. Its market capitalization has dropped to around $2.5 billion, making the meme coin (once among the 20 biggest cryptocurrencies) the 37th-largest digital asset.
Back in the day, Shiba Inu was the subject of numerous optimistic price predictions, but lately the interest in it has faded, and the forecasts are rather grim. Not long ago, the popular trader James Wynn labeled the meme coin “old, dead, and boring,” predicting a potential revival in 5-10 years, when “a bit of nostalgia” could bring it back.
SHIB’s downfall coincides with its falling daily trading volume. X account BSCN revealed that the figure has seen a steady decrease over the last 12 months, plummeting from $637 million in July 2025 to around $50-$100 million nowadays.
The stalled activity on Shibarium is another worrying sign. The layer-2 scaling solution, launched in the summer of 2023 to boost speed, enhance scalability, and lower fees, initially processed millions of transactions. However, following an exploit that disrupted operations last year, daily activity has fallen dramatically to mere thousands.
Weak interest in the broader meme coin sector is another factor that could limit SHIB’s ability to stage a decisive comeback. Dogecoin (DOGE) and many of its rivals were among the best-performing tokens during the last bull cycle, but they are now a pale shadow of their former glory. The market capitalization of the mem
小靓分析：
🦊 小靓解读
SHIB 单日销毁量创半年新高，但这对价格几乎无影响——110万枚代币仅值几十美元，而流通量高达585万亿，杯水车薪。当前市场情绪偏空，销毁利好难以扭转颓势。
📊 市场影响
短期来看，SHIB 仍受整体加密熊市压制，销毁不足以触发反弹；若后续销毁规模扩大百倍以上，才可能形成实质性稀缺支撑。技术上，SHIB 在 0.0000065 美元附近承压，下行风险大于上涨空间。
💡 操作建议
不建议因销毁消息追高 SHIB，等待更明确的趋势信号或成交量放大后再考虑入场。关注团队是否推出更大规模销毁计划，以及大盘走势是否企稳。
风险提示：
该资讯来源于公开渠道，仅供参考。Traceless 无痕智盈平台不对此信息准确性做任何保证。