Shiba Crypto News Today: Burn Rate Soars 12,833% — Is a Price Rebound Imminent?

Shiba Inu (SHIB) was born in 2020 and is a meme encryption currency symbolized by the Shiba Inu dog, initially seen as a competitor to Dogecoin (DOGE). It reached an all-time high of $0.00008845 in 2021 thanks to community-driven efforts and viral spread on social media, gradually building an ecosystem that includes the decentralized exchange ShibaSwap and Layer-2 network Shibarium. Its core mechanism is to artificially create scarcity through token burning (permanently removing tokens from circulation), with the total supply reducing from an initial one quadrillion to 584.5 trillion.

SHIB Latest encryption News: Surge in Burn Rate and Network Upgrade

In late June, the SHIB community saw a stunning increase in the token burn rate:

• A single-day surge of 12,833.29%: On June 28, over 13 million SHIB were transferred to a black hole address, setting a peak for the burn rate this year;
• Shibarium strengthens decentralization: The team recently updated the RPC node rules, encouraging users to run independent nodes to enhance the network’s resistance to censorship and optimize performance under high traffic;
• Market volatility warning: Despite positive ecological progress, SHIB plummeted 7% in early June due to whale sell-offs (20 trillion tokens flowed into exchanges in a single day), highlighting its susceptibility to large transactions.

Price Prediction: Will July Break Through Key Resistance?

As of July 1, the trading price of SHIB is approximately $0.0000116. A comprehensive analysis of analysts and AI model perspectives:

• Short-term target: If it breaks through the resistance level of $0.00001175, it may trigger a double bottom reversal pattern, with July expected to hit $0.0000149 (monthly average expectation), an increase of nearly 30%;
• Multiple scenario outlook:
  • Base scenario: $0.000017 – $0.000021 (dependent on steady ecological development);
  • Optimistic scenario: Reaches $0.000024 – $0.000027 (requires market frenzy and incremental capital inflow);
  • Pessimistic warning: If the market adjusts, it may fall back to $0.000013 – $0.000015.

Future Outlook: Dual Strategy of Practicality and Deflation

The long-term value of SHIB will depend on two major pillars:

• Accelerated Deflation: Systematic destruction continues, with a total of 410 trillion SHIB removed by 2025, reinforcing long-term scarcity logic;
• Ecological Expansion: Growth in transaction volume and smart contract deployment on the Shibarium network, pushing application scenarios beyond Meme speculation, penetrating into practical fields such as payments and lending;
• Risks and Opportunities Coexist: Although the technical outlook is bullish, geopolitical and regulatory changes remain potential threats. If Shibarium adoption rates and the new TREAT token (an ecological governance tool) can stimulate community vitality, SHIB may have the potential to challenge previous highs.