Just when you thought the cryptocurrency market had settled, Shiba Inu (SHIB) takes a dramatic turn. Over the past 24 hours, the price of SHIB plummeted by an eyebrow-raising 7.5%, landing at a mere $0.00001364. This dip is not an isolated incident—SHIB has seen a 5% decrease over the past week, and while it enjoyed a 16% rise month-on-month, it’s down by a staggering 21% compared to the previous year. What’s behind this latest plunge, and what does it mean for investors?
Why This Matters
The recent decline in SHIB’s price coincides with notable fluctuations in its burn rate—a key metric indicating community activity and overall interest in the coin. Earlier this week, the burn rate saw a stunning surge of 6,500%, but in stark contrast, it has now dwindled to a mere 224,000 SHIB burned within the last 24 hours. Such volatility can be a red flag for investors and highlights the unpredictable nature of meme coin markets.
Data from Shibburn shows that the total amount of SHIB burned has reached an impressive 410.75 billion, slashing the circulating supply down to about 589.25 billion tokens. While this could support SHIB’s price and potentially attract new investors, the wild swings leave many questioning the sustainability of this momentum.
HOURLY SHIB UPDATE$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
Expert Opinions
Analysts are closely examining SHIB’s technical indicators, as they reveal concerning trends. The relative strength index (RSI) has been on a steep decline, teetering close to crossing below the neutral mark of 50, while the Moving Average Convergence Divergence (MACD) shows signs of weakness as it recedes from its recent peak. “The market rallied heavily last week, and a correction was perhaps imminent,” notes a crypto analyst. “However, the question remains—has SHIB fully exhausted its recent upward rally, or can it rebound?”
Even amid these bearish signals, many in the Shiba Inu community remain optimistic about the coin’s future. The fervor around SHIB is partly driven by its strong fundamentals compared to other meme coins. Some experts believe that despite the current slump, there’s potential for SHIB to reach a price of $0.000020 by the end of August, and even $0.000030 by the end of the year as developments like ShibOS unfold.
Future Outlook
Looking ahead, the prospect of a 5x return from current levels isn’t out of the question. As the Shiba Inu ecosystem continues to expand, attracting more users and building utility, those bullish on SHIB might see their patience pay off. However, the landscape for meme coins remains fiercely competitive, with newer entrants capturing attention and capital.
Take, for example, TOKEN6900 (T6900), a newcomer that recently raised over $1 million during its presale. Drawing inspiration from the dot-com bubble, TOKEN6900 is leveraging a marketing strategy that capitalizes on community engagement and nostalgia rather than traditional utility. Its potential has piqued the interest of many investors, posing questions about whether established players like SHIB can maintain their market dominance.
TOKEN6900 RAISED $1M. pic.twitter.com/6WYygEshhq— Token6900 (@Token_6900) July 23, 2025
A final thought for investors—while the allure of explosive price gains is enticing, it’s essential to weigh the risks. The market can be quite unforgiving, and with newer meme coins emerging, it might be time to assess whether to hold on to established assets like Shiba Inu or venture into the exciting world of innovative newcomers. As always, careful consideration and strategic planning are key in the rapidly evolving landscape of cryptocurrency.
For those looking to dive into the TOKEN6900 presale, head over to the official website and connect your wallet. The journey in the crypto market is far from over, and the next big move could be just around the corner!