Shiba Inu Burns Spike 400%—SHIB Army Predicts $0.001 Incoming
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Shiba Inu is once again in the spotlight as burn rates for the meme coin have skyrocketed over 400% in the past 24 hours, reigniting the SHIB Army’s dreams of seeing the token hit the coveted $0.001 mark. According to data from Shibburn, millions of SHIB tokens have been sent to dead wallets in a coordinated effort by the community to reduce overall supply and drive up the token’s value. The sudden surge in burns comes amid renewed optimism surrounding the Shibarium Layer-2 blockchain and the increasing utility of SHIB in decentralized finance.
The massive spike in token burns reflects growing enthusiasm among Shiba Inu holders who believe that reducing the supply is key to achieving higher prices. Many on social media have pointed to the 2021 rally, where SHIB saw astronomical gains, as a sign that history could repeat itself—especially with more sophisticated burn mechanisms and community coordination in place. Several community-driven burn projects have also launched in recent weeks, including SHIB-themed games and online shops that burn a percentage of transaction fees in SHIB tokens.
Fueling the bullish sentiment further are rumors of a major exchange listing and partnerships that could bring more use cases to the SHIB ecosystem. The developers behind Shibarium have hinted at new updates that could enhance the network’s scalability, attract new decentralized applications, and improve token utility. Combined with the burn rate acceleration, this has led to a surge in SHIB’s price, with the token climbing nearly 9% in a single day and trading volumes more than doubling.
Despite its meme origins, Shiba Inu has evolved into a multifaceted ecosystem that includes tokens like BONE and LEASH, its own DEX called ShibaSwap, and now its own blockchain in Shibarium. The SHIB Army sees all of this as a long-term strategy to shed the meme coin label and transform into a legitimate Web3 project. Many analysts, however, remain skeptical, warning that while burns can support price appreciation in theory, the supply of SHIB remains overwhelmingly large, making targets like $0.001 extremely ambitious.
Still, the SHIB Army remains undeterred. The community continues to push forward with grassroots efforts and viral marketing campaigns to keep the momentum going. For now, the focus is squarely on maintaining the elevated burn pace and attracting more investors who believe in the long-term roadmap of Shiba Inu.
With bullish sentiment mounting and SHIB’s utility slowly expanding, the dream of reaching $0.001—once mocked as impossible—now feels like a distant yet attainable goal for the ever-dedicated SHIB community.
