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.
SHIB Pric…
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