410 Trillion SHIB Burn Near: Analysts Weigh Shiba Inu’s Path to Price Gains
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Shiba Inu (SHIB) nears 410 trillion token burn milestone, sparking community discussion. SHIB price impact from burns is minimal; technicals suggest past burns already priced in. SHIB recently rallied, finding support near $0.000015 after April 2025 market recovery. Shiba Inu is closing in on a significant 410 trillion token milestone in its SHIB burn initiative. The meme coin project’s latest achievement triggered bullish discussions among users, many of whom consider the development a bullish signal. The latest milestone reflects a resurgence in Shiba Inu’s supply squeeze after slowing down in the past few years. However, the effect on SHIB’s price remained negligible despite the latest upward rally. Related: Shiba Inu (SHIB) Price Prediction for May 17 Meanwhile, technical analysts believe SHIB’s price has already factored in the previous burns. Hence, they do not expect a notable reflection of the deflationary effect of the burning exercise soon. However, the meme coin’s recent price movement highlights a potential trend to stabilize the price around $0.000015. (adsbygoogle = window.adsbygoogle || []).push({}); SHIB Pric… The post 410 Trillion SHIB Burn Near: Analysts Weigh Shiba Inu’s Path to Price Gains appeared first on Coin Edition .
Source: Coin Edition
