Shiba Inu Memecoin Price Analysis
The price of the Shiba Inu (SHIB) memecoin has remained quite subdued since the beginning of 2025. The dog-themed memecoin, currently priced at $0.000012, dropped below key support levels and traded sideways for four months. However, there are reasons to believe a breakout might be around the corner for the token.
What To Note Before Buying SHIB
SHIB last saw a major rally after US President Donald Trump’s election victory, his inauguration, and the past Bitcoin halving event. Since then, Shiba Inu has failed to deliver the desired results to investors.
The memecoin has often capitalized on other financial developments in the market, raising concerns among investors. They are worried that SHIB has become a risky bet with little chance of turning their investments into wealth.
However, two key factors show that SHIB can still ignite a major rally before the year ends. The first is that Shiba Inu has a rich circulating supply of 589.2 trillion SHIB tokens. This means anyone can accumulate the coin without worrying about scarcity.
If the SHIB supply is not reduced through burns, the price of the meme coin could remain stagnant for years or even decades.
Secondly, it is important to note that the Shiba Inu team consistently performs routine token burns. If trillions of tokens are burned by sending them to dead wallets, SHIB has a good chance of dramatically surging in price.
As outlined in our recent blog post, the SHIB burn rate soared by 33%, leading to expectations of an 81% spike in price. Data from Shibburn revealed 410,745,405,123,635 tokens removed from circulation, reducing the available supply to 584,352,721,200,140 SHIB.
Together, the circulating supply and SHIB burn define Shiba Inu’s prospects. Thus, investors need to monitor them closely.
Spike in Trading Volume
As of press time, the SHIB price was changing hands at $0.00001248, a 3.04% decline in the last 24 hours. Despite the price decline, SHIB investors are still actively engaging with the coin as indicated by the spike in trading volume. The metric inked a 17% uptick to $142.4 million over the previous day.
The current data for SHIB suggests that the memecoin is in a critical consolidation zone. However, if SHIB receives ecosystem support and holders refrain from selling, the price could soar. If SHIB rises above $0.000013, it could welcome a bigger breakout. Many holders who were previously at a loss may decide to hold instead of sell.
Other ecosystem developments could add appeal for the SHIB memecoin. In a previous article, we discussed Shiba Inu’s introduction of a crypto payment service known as SHIB Pay. The service allows direct wallet-to-merchant crypto payments without intermediaries or permissions.
Additionally, Shiba Inu developers recently launched a Shibarium DApp Store, with over 1,200 decentralized applications. As mentioned in our report, the platform has surpassed 1 billion transactions on its Layer 2 blockchain.