1 Bln Shiba Inu Coin Burn in 7 Days: SHIB Price to Rally 85%?

In its latest ecosystem update, the Shiba Inu protocol has burned over 1 billion tokens in the last seven days.

Notably, this marked a 1677% surge in burn activity. During the same period, SHIB’s price rose 85%.

The price increase attracted attention from analysts who suggested that technical indicators pointed toward higher price targets.

Massive Shiba Inu Burn and Price Rally Draw Market Attention

According to market data, Shiba Inu burned over 1 billion tokens in seven days, as the coin’s price surged by 85%.

It is worth noting that this development occurred between July 3 and July 10, 2025.

Based on on-chain data, the burnt SHIB totaled 1,052,390,461 tokens, showing a 1,677.43% rise in activity.

As detailed in a social media post, the Shiba Inu community led the initiative, aiming to reduce the token supply.

On July 11, SHIB price traded at $0.00001372, with a 10.39% daily increase. The price saw a slight decline today, and was trading at $0.00001311.

CoinMarketCap data also saw some decline in market capitalization, it went from $8.08 billion to $7.71 billion.

However, in the more recent 24-hour window, burn activity dropped by 75.06%, with only 4.6 million tokens removed from circulation.

In his latest post on X, Analyst Jonathan Carter pointed to a descending channel forming on SHIB’s daily chart.

The token held above the midline support and neared the 50-day moving average.

According to Carter, a breakout above this line could push SHIB to targets of $0.00001500, $0.00001750, $0.00002050, and $0.00002500.

These levels could serve as resistance zones in case of a sustained upward movement.

The Shiba Inu community shifted its attention from speculative trading to ecosystem development.

In another major update, Lucie, a known voice in the SHIB community, commented on this change.

According to her, infrastructure-building had taken priority in recent weeks.

The Shibarium layer-2 blockchain became operational with new feature additions. It introduced real utility and supported more decentralized applications.

BONE remains the main token used across the network, while LEASH and TREAT started getting clearer roles too.

Based on general market perception, these changes pointed to a push for real use, not just price hype.

As a result, the kind of people involved also started to change. More developers and builders came in, while some of the speculators stepped back.

It showed that the project might be heading in a more focused and practical direction.

Bullish Divergence Hints at Possible Further Gains

It is worth mentioning that Technical analyst Javon Marks identified a bullish divergence in SHIB’s price chart.

The MACD indicator diverged from price movement, a pattern that often points to potential reversals.

Based on this signal, Marks projected up to 180% upside, with a price target near $0.000032.

The analyst noted that this movement could signal the beginning of a broader reversal trend.

However, the forecast remained speculative. Traders continued to monitor the alignment of burn trends and chart indicators.

One trader said they once held about 2.1% of all SHIB tokens. At its highest point, that stash would have been worth around $882 million.

Stories like this keep coming up and serve as a reminder of just how unpredictable SHIB’s price can be.

Some traders are watching closely as the burn rate rises, and a few technical indicators show minor signs of strength.

That said, it is still early. With the way the crypto market moves, nothing is guaranteed, and prices can shift without warning.

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