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
销毁量激增但SHIB价格依然疲软，说明单靠烧币已难以推动上涨——当前市场情绪和流动性才是主导因素。
📊 市场影响
短期SHIB仍承压，585万亿流通量面前，单次销毁影响微乎其微，价格大概率继续震荡或下探。除非销毁规模持续放大或大盘回暖，否则难以逆转趋势。
💡 操作建议
不建议追多，可关注0.000007美元支撑位，跌破则进一步看空。若想博弈反弹，轻仓设好止损，别被销毁消息误导重仓入场。
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。