In a remarkable development for Shiba Inu (SHIB) enthusiasts, the token burn rate has skyrocketed by an astonishing 3,194%, sparking fresh speculation about a potential shift in SHIB’s price trajectory. This surge in token burning—a process that permanently removes tokens from circulation—could tighten supply and potentially drive prices upward, a dynamic closely watched by investors and market analysts alike.
Shiba Inu, a popular meme-inspired cryptocurrency, has experienced significant volatility recently. After peaking at around $0.00001757 in May 2025, the price dipped below $0.000012 earlier this month, reflecting broader market uncertainties . However, the recent explosion in burn activity suggests renewed confidence among holders and whales, who are actively reducing circulating supply, a move often interpreted as bullish.
SHIB market cap currently at $7.03 billion. Chart: TradingView
Market forecasts for SHIB in June 2025 are cautiously optimistic. Analysts predict modest gains, with price targets reaching up to $0.000018, contingent on successful upgrades like Shibarium and positive developments within the Ethereum ecosystem, which SHIB is closely linked to . Some models even suggest a potential 37% price increase by the end of June, driven by a 61% jump in large transaction volumes, indicating heightened whale interest and trading momentum .
The token burn spike aligns with a strategic effort to enhance SHIB’s scarcity and value proposition. By permanently removing tokens, the community aims to counteract inflationary pressures and stimulate demand. This mechanism, combined with ongoing ecosystem improvements, could set the stage for a sustained price rally.
For investors and crypto enthusiasts, these developments underscore the importance of monitoring on-chain metrics like burn rates and whale activity, which often precede significant market moves. While the crypto market remains inherently volatile, Shiba Inu’s recent token burn surge offers a compelling narrative for potential upside in the near term.
