#ShibaPricePrediction $SHIB
Here’s the latest on SHIBA/USDT (Shiba Inu token):
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📉 Current Market Snapshot
Price: ~$0.00001222 USDT
24h Change: Slight dip of ~0.05%
Trading Range: High of ~$0.00001285 and low around $0.00001203
The token continues to trade within a tight range, showing mild consolidation.
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🔥 Key On‑Chain & Ecosystem Highlights
1. Token Burn Activity
A massive burn rate spike: up to 8,000% in 24 hours, with over one billion $SHIB destroyed recently.
Weekly burn surged by over 600–1,000%, totaling hundreds of millions of tokens eliminated.
Burning aims to reduce circulating supply, which some hope may spark upward pressure on price.
2. Exchange Netflows & Wallet Activity
Negative exchange netflows indicate more SHIB moving out of exchanges into self-custody, potentially reducing sell-side pressure.
However, over 60% of SHIB holders remain underwater, meaning many bought higher and could still sell under pressure.
3. Ecosystem Development & Updates
Shibarium, the Layer-2 blockchain, has reached major milestones in transaction volume, signaling strong user engagement.
ShibaSwap 2.0 has been fully integrated into Shibarium, driving lower fees and better usability.
Developers are teasing upcoming upgrades: a stablecoin (SHI), an NFT/gaming roadmap (Shiba Eternity), further DeFi tools, and continued DAO governance rollout.
Shytoshi Kusama has hinted at a “big week(s) ahead,” fueling community anticipation.
4. Whale Behavior & Supply Concentration
Top 10 wallets still control over 60% of total supply, which adds volatility risk—moves by these holders can significantly impact prices.
Some Ethereum whales have been actively accumulating amid dips.