The Shiba Inu community dramatically accelerated token burn efforts in July 2025, with the burn rate surging 10,786% in a single event that removed 9.5 million SHIB from circulation according to Shibburn data. This follows a broader weekly burn campaign eliminating over 1.3 billion SHIB tokens via Shibarium's layer-2 network, including whale transactions as large as 13.15 million SHIB.
Despite these aggressive supply-reduction measures, SHIB's price declined 1.84% and remains stagnant below the crucial 26-day exponential moving average (EMA) resistance at $0.0000119. Trading volume continues to dwindle, with IntoTheBlock data revealing 88% of holders are "out of the money"—holding at a loss—while institutional interest stays muted. Technical indicators show mixed signals: the Relative Strength Index (RSI) rebounded from oversold territory after SHIB briefly reclaimed $0.0000120 from July lows near $0.0000110, but repeated failures to breach the 26-day EMA since early June underscore persistent bearish pressure.
Analyst Crypto Henry noted potential for a 195% rally to $0.00003347 if SHIB breaks above its historical support zone at $0.00001131, though skepticism remains about reaching $0.0001 due to uncertain demand. Historical parallels suggest burn-driven price spikes are often fleeting in meme coin ecosystems, with current efforts primarily impacting retail investors.