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Shiba Inu Burns 410 Trillion Tokens, Price Stabilizes at $0.000015

Coin WorldFriday, May 16, 2025 3:49 pm ET

1min read

Shiba Inu (SHIB) is on the verge of achieving a significant milestone with 410 trillion tokens set to be burned. This development has sparked discussions within the community, with many viewing it as a bullish signal. The burn initiative aims to reduce the circulating supply of SHIB, which could potentially drive up the price of the remaining tokens. However, the immediate impact on the price has been minimal, with SHIB stabilizing around $0.000015 following a recent rally.

Technical analysts suggest that the previous burns have already been priced in, and thus, the deflationary effect of the burning exercise may not be immediately reflected in the price. Despite this, the recent price movement indicates a potential trend towards stabilizing the price around $0.000015. Shiba Inu's price action has shown recent strength, with the meme coin trading at $0.00001510 after pulling back from a local high of $0.00001764. This high was achieved through a 72.3% rally, which saw SHIB overcome bearish pressure and climb above notable resistance levels.

Shiba Inu bounced off a yearly low of $0.00001029 following a general crypto market recovery in early April 2025. The bullish momentum pushed the meme coin above crucial resistance levels, including the $0.0000145 mark, which it converted into support. Despite a recent pullback, SHIB retested this support level and held strong, reflecting a return of buying momentum and a climb above $0.000015. However, the sentiment among SHIB users remains unpredictable.

While the 410 trillion SHIB burn milestone is a significant achievement, analysts believe that substantial investor actions are needed for Shiba Inu's bullish momentum to return in full. Nonetheless, the optimism level remains high, buoyed by the recent rally that pushed the price out of the bear zone. The burn event is seen as a positive step towards reducing the supply and potentially increasing the scarcity of SHIB, which could be a bullish signal for investors. However, the actual impact on the price will depend on various factors, including market sentiment, overall cryptocurrency trends, and the broader economic environment.

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