The Shiba Inu cryptocurrency (SHIB) has just experienced a significant downturn, with its price plummeting by 7.5% in the past 24 hours, landing at $0.00001364. This trend mirrors the broader struggles faced by many alternative cryptocurrencies today. Notably, while SHIB has seen a weekly decrease of 5%, it still boasts an impressive 16% gain over the past month. However, it’s hard to overlook its enduring yearly dip of 21%. So what’s behind this volatility?
Today’s decline coincides with a remarkable shift in SHIB’s burn rate. Earlier this week, the burn rate soared by an astonishing 6,500%, indicating a surge in activity driven by the layer-two network, Shibarium, and community initiatives. However, this enthusiasm has taken a sharp turn, as reported figures now show a staggering 94% drop in the burn rate, plummeting to just 224,000 SHIB in the last 24 hours. What does this mean for the future of SHIB?
HOURLY SHIB UPDATE$SHIB Price: $0.00001333 (1hr -2.14% ▼ | 24hr -12.38% ▼ )Market Cap: $7,876,270,236 (-12.15% ▼)Total Supply: 589,248,565,276,845TOKENS BURNTPast 24Hrs: 225,774 (-93.93% ▼)Past 7 Days: 135,018,410 (388.11% ▲)— Shibburn (@shibburn) July 24, 2025
Little resembles the bullish momentum we witnessed just days ago, yet this short-term dip may be far from disastrous. In fact, with Shiba Inu possessing some of the strongest fundamentals among meme coins, many experts believe that this price drop could be temporary. As holders and enthusiasts keep an eye on broader market trends, there’s still room for optimism regarding SHIB’s long-term trajectory.
Interestingly, the climb of the burn rate earlier in the week reached 22.9 million SHIB, signaling robust activity around Shibarium. But the recent data shows that such spikes rarely sustain themselves for prolonged periods. Despite the current dip in daily activity regarding burns, the seven-day counting burn tally is still up by an impressive 388% compared to the previous week.
Source: TradingView
As we closely analyze the charts, it becomes evident that SHIB’s indicators have taken a significant downturn. The relative strength index (RSI) has dropped sharply and is teetering on the edge of falling below the crucial threshold of 50. Meanwhile, the Moving Average Convergence Divergence (MACD) has peaked and begun its descent toward the baseline, suggesting further declines might be on the horizon.
Nevertheless, the recent price surge in SHIB cannot be dismissed entirely. Even after tumultuous trading days, many within the community believe the tides may turn again. Some analysts predict that if the burn initiatives continue and market sentiment shifts, SHIB could well see a return to $0.000020 by the close of August, and perhaps even reach $0.000030 as 2025 progresses—thanks, in part, to Shiba Inu’s ongoing developments and the much-anticipated rollout of ShibOS’ Alpha Layer.
But it’s essential to consider the changing landscape of meme coins. While Shiba Inu has established a robust foothold, it stands at a crossroads where newer contenders are making waves. One such newcomer is TOKEN6900, a meme coin drawing its narrative from the dot-com bubble of the late ’90s. With a recent presale that raised over $1 million, this coin resonates with investors looking for fresh excitement in the meme coin market.
TOKEN6900 RAISED $1M. pic.twitter.com/6WYygEshhq— Token6900 (@Token_6900) July 23, 2025
With a focus on community-led marketing and virality rather than established fundamentals, TOKEN6900 has quickly gained traction. This strategy reflects a shift in some investors’ preferences as they seek out the next big thing amidst the more traditional structures of established coins like Shiba Inu.
For those intrigued by TOKEN6900, participating in its presale is straightforward: connect a compatible wallet and purchase at just $0.0067, enjoying added benefits like passive income through staking.
As the cryptocurrency market continues to evolve, both veteran and new investors should keep a close eye on these developments. Will Shiba Inu bounce back from this dip, or could emerging players like TOKEN6900 redefine the landscape of meme coins? The upcoming weeks and months hold the answers. Stay tuned!