Shiba Inu (SHIB) is navigating a complex period as 2025 draws to a close, marked by ongoing token burning efforts and a tentative attempt at a year-end price reversal. The popular meme coin exhibits a dynamic interplay between its supply-reduction mechanics and market price action, captivating investors who are closely watching for any significant shifts.
Shiba Inu's Token Burning Efforts
The SHIB community continues its strategic efforts to reduce the token's vast supply through burning, though the immediate impact remains modest. In the last 24 hours, over 2 million SHIB tokens were reportedly burned, contributing to a total of approximately 29 million SHIB removed from circulation over the past seven days. While the daily burn rate saw a dip of 32.29%, the weekly burn rate actually increased by 5.5%. These actions have slightly decreased Shiba Inu's immense total supply, which originally started at one quadrillion tokens.
Market Performance and Year-End Outlook
Despite these burning initiatives, Shiba Inu's price performance has been a mixed bag. In the last 24 hours, SHIB experienced a modest gain of 2.82%, climbing to $0.000007362 and showing some upward movement since December 26th. However, this slight recovery comes against a backdrop of a significant 11.84% decline throughout December, marking what could be its fifth consecutive "red" month since July. With just days left in 2025, hopes for a "Santa Claus rally" persist, which could potentially drive the price to targets like $0.00000765, or even higher at $0.00000843 and $0.00001125, preventing December from closing in losses. Conversely, if bullish momentum falters, support is anticipated around the $0.000007 range.
