The world of cryptocurrency is full of ups and downs, and the latest movements in Shiba Inu’s price are no exception. In just 24 hours, the beloved meme coin has taken a 7.5% nosedive, now standing at $0.00001364. This dip is part of a larger trend as many major altcoins experience significant losses. While SHIB has fallen 5% over the week, it still boasts a 16% increase for the month. However, looking back over the past year, it’s clear that Shiba Inu has encountered a discouraging 21% decline. The fluctuating burn rate adds another layer of complexity to the situation, presenting both challenges and opportunities for the Shiba Inu community and investors.
Just days ago, SHIB’s burn rate skyrocketed by an astonishing 6,500%, hitting 22.9 million tokens in a single day, mainly driven by community efforts and activity on Layer Two network, Shibarium. But, what a difference a day makes—this rate has since plummeted dramatically by 94% to just 224,000 tokens. This inconsistency highlights a common trend in the crypto world: temporary surges often do not sustain themselves over time, leaving investors to ponder the long-term viability of such spikes.
HOURLY SHIB UPDATE$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
This stark decline in the daily burn rate can be disheartening, yet it’s essential to recognize the silver lining: amidst the fluctuations, the total amount of SHIB that has been burned is steadily increasing. To date, an impressive 410.75 billion SHIB tokens have been removed from circulation, driving the total supply down to approximately 589.25 billion tokens. This reduction can lend support to Shiba Inu’s price and potentially attract new investors eager to join its community.
However, today’s market indicators don’t paint an entirely rosy picture. SHIB’s relative strength index has taken a sharp downturn, hinting at bearish sentiments as it teeters on the edge of falling below the critical threshold of 50. Coupled with a declining MACD, the technical outlook suggests that further losses may be on the horizon in the coming days. Could this be another moment for the market to recalibrate after its previous rally? Possibly—but the consistent community engagement and burning activities may yet push the price toward a recovery.
Despite recent fluctuations, there is still optimism within the Shiba Inu community. Analysts project a potential recovery, predicting that SHIB’s price could rise to $0.000020 by the end of August and possibly hit $0.000030 by Q4, spurred on by the introduction of ShibOS’ Alpha Layer and ongoing community initiatives. The expanding ecosystem around Shiba Inu, paired with its unwavering support base, could mean that a fivefold increase from its current prices isn’t completely out of reach.
Nevertheless, as Shiba Inu matures in the ever-evolving cryptocurrency landscape, some traders are beginning to explore the allure of newer meme coins. For example, the recently launched TOKEN6900 has captured attention for its unique blend of nostalgia and humor, inspired by the dot-com boom. Having already raised an impressive $1 million during its presale, it’s clear investors are eager to be a part of its journey. With a focus on catchy marketing strategies, TOKEN6900 is set to carve its niche among meme coins as it gears up for its official launch.
TOKEN6900 RAISED $1M. pic.twitter.com/6WYygEshhq— Token6900 (@Token_6900) July 23, 2025
If you’re curious about joining TOKEN6900’s presale, head to its [official website](https://www.token6900.com) to connect a wallet and take advantage of this burgeoning opportunity. Currently priced at $0.0067, TOKEN6900 also offers staking options for passive income, making it an appealing choice for investors looking to diversify their portfolios.
In conclusion, while Shiba Inu faces its share of challenges, the potential for recovery fuels hope among its supporters. As the market continues to adjust and innovative projects emerge, it remains pivotal for investors to stay informed and agile. Whether you stay with SHIB or venture into fresh terrains like TOKEN6900, the journey through cryptocurrency is as exhilarating as ever. Are you ready to navigate this thrilling landscape with us?