#ShibaPricePrediction $SHIB
Here’s the latest update on Shiba Inu (SHIB):
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🚀 Ecosystem & On‑Chain Momentum
Token burns hitting new highs: SHIB’s burn rate surged dramatically—over 91,000% on July 8 and prior spikes in March saw burns up 8,000–27,700% in just 24 hours. These efforts removed billions of tokens, aiming to enhance scarcity.
Shibarium gains traction: Daily transactions on the Layer‑2 network soared nearly 2,000%, signaling growing user activity. Households of self-custody wallets are rising, reducing supply liquidity.
Whale moves: Large holders snapped up 2.79 trillion $SHIB (~$76 million) recently and spent $63.7 million during a price dip.
ShibaSwap growth: Decentralized exchange activity exploded—with trading volume up 244% and locked liquidity climbing 2,187% in about a month.
Community governance & new products: Launch of ShibDAO (May 2025) hands governance to token holders. TREAT governance token and NFT land sales tied to a metaverse rollout are also gaining traction.
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📈 Price Technicals & Market Trends
Short‑term action: SHIB is trading around ~$0.0000135–$0.0000140 USD. Price action is consolidating within a symmetrical triangle on the 1‑hour chart, suggesting a likely volatility breakout soon.
Recent trends: EMAs formed a “golden cross” in mid‑July, a pattern historically followed by ≈34% rallies. Long-term burn spikes followed, though the overall ecosystem slowdown raised some concerns.