Shiba Inu SHIB/USD continues to attract attention as its burn mechanism drives supply reduction, sparking optimism among traders despite subdued broader market activity.
| Cryptocurrency | Price | Market Cap | 24-Hour Trend | 7-Day Trend |
| Shiba Inu SHIB/USD | $0.00002566 | $15.12 billion | -3.1% | -11.5% |
| Dogecoin DOGE/USD | $0.3849 | $56.7 billion | -3.1% | -7.9% |
| Pepe PEPE/USD | $0.00002144 | $9 billion | -5.6% | -14.6% |
Trader Notes: Crypto trader InvestingHaven outlined their 2025 price forecast for SHIB, suggesting a potential high of $0.0000998 and a low of $0.0000234.
The trader noted, "While the journey to these targets could be volatile, it aligns with broader market dynamics. Patience could pay off for SHIB holders."
Meanwhile, trader Cantonese Cat pointed out that Shiba Inu is currently testing key weekly support levels.
Statistics: Data from Shibburn reveals a 4,766% increase in burn rates over the past 24 hours, with 1.97 million SHIB removed from circulation. Shibariumscan reports consistent burns of 4.69 million SHIB in the same timeframe.
IntoTheBlock data shows a 50% decline in Shiba Inu's large transaction volume and 9.8% growth in daily active addresses. Transactions greater than $100,000 narrowed from 289 to 264 in a single day.
Community News: Shiba Inu ecosytem's new meme coin Shifu has total supply of 100 billion tokens, with 30% allocated for a community airdrop.
The other 40 billion tokens will go to the "liquidity and public pre-sale" section, 20 billion will reach treasury, whereas 10 billion will fund marketing initiatives.
Lucie, Shiba Inu's marketing lead, highlighted that the Shifu presale raised 1,023 ETH within 42 minutes, reflecting strong demand.
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