Shiba Inu (SHIB) has reignited investor interest after recording an extraordinary spike in its token burn rate. On April 30, 2025, data shows that over 280 million SHIB tokens were destroyed in a single day.
This sharp burn led to a 37,937 percent increase in the daily burn rate, significantly reducing the meme coin’s circulating supply to about 584.4 trillion tokens.
Following the burn, SHIB experienced a mild price increase, climbing from $0.00001280 to $0.00001336. The market shows rising bullish behaviors, as indicated by the 4.5 percent price increase within 12 hours.
While the immediate price reaction remained limited, the massive burn has sparked strong speculation about an upcoming rally.
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Market experts have identified an optimistic prediction for SHIB to reach $0.0000236 in May 2025. This level mirrors a previous high reached during a major rally in 2024 when SHIB gained over 145 percent.
Price recovery to this previous figure would repair market sentiment and indicate a major transformation for this Ethereum-based meme cryptocurrency.
SHIB Community Eyes Breakout as Scarcity Strategy Gains Momentum
The Shiba Inu team has continued its aggressive token reduction strategy, aiming to create long-term scarcity. Large-scale burns are designed to tighten supply and improve the asset’s price potential. Wednesday’s event marks one of the highest single-day burn increases in recent months.
SHIB has not surpassed its major resistance points even though the burn activity recorded significant growth. Experts maintain that stronger market forces are essential to produce a complete price barrier disintegration.
The burn action established vital conditions for potential price growth because broader crypto market optimism continues to develop.
The supply decrease has prompted investors and community members to monitor market developments while anticipating an upcoming price increase. The recovery signals shown by the market will likely impact the future growth of SHIB below the latest supply reduction initiative.
Conclusion
SHIB’s burn-driven momentum has placed the token back in the spotlight. A major price surge could soon follow if demand rises alongside shrinking supply.
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