Shiba Inu Burns Explode 535% as Analysts Hint at a Possible Meme Coin Comeback

• SHIB burn activity surged sharply while analysts observed shifting meme coin sentiment
• Weekly SHIB burns spiked dramatically despite slower daily activity across market
• Analysts flagged early meme coin recovery signals alongside SHIB burn surge

Momentum around Shiba Inu intensified after community-led efforts removed a large volume of SHIB from circulation this year. Analysts monitoring on-chain activity noted that the sharp increase in burn volume lifted key metrics, even as daily burns slowed noticeably.

According to Shibburn, over the past seven days, SHIB holders collectively destroyed 194,735,741 tokens, pushing the weekly burn rate up by 534.94% through concentrated coordinated transactions. However, short-term data showed a clear slowdown, as only 4,243,506 SHIB were burned over the last 24 hours. As a result, the daily burn rate declined by 22.37%, suggesting uneven participation and reliance on a small number of large burns.

Meanwhile, SHIB price action moved largely in line with broader meme coin trends, recording a 36% increase since December 31 before momentum weakened. Over the past day, the token dropped 7.9% to trade near $0.00000863, despite the sharp rise in weekly burn activity.

Also Read: Jake Claver Warns: “Banks Are Quietly Loading XRP,” But Further Analysis Pours Cold Water on Hope

Weekly Burn Spike Reflects Concentrated Community Activity

The scale of recent burns highlighted continued engagement from parts of the Shiba Inu community, as many holders continue to treat burns as a long-term supply reduction strategy. Additionally, the surge revived discussions around SHIB’s deflationary narrative, with burn metrics often gaining attention during periods of shifting market sentiment.

However, the gap between weekly and daily figures raised questions about sustainability, since burn-driven momentum may struggle without consistent daily participation. Moreover, SHIB’s circulating supply remains extremely large, meaning even burns nearing 200,000,000 tokens reduce only a small portion of the total supply. Still, the activity reinforced confidence among long-term supporters, as such coordination often supports speculative interest during transitional market phases.

Analysts Point to Broader Meme Coin Signals

Beyond SHIB-specific data, analysts highlighted wider meme coin indicators, as a CryptoQuant analyst noted meme coin dominance recently reached a historical low. According to the analyst, similar conditions in previous cycles appeared before speculative rebounds, with the analysis focusing on the ratio between major meme coins and leading altcoins.

Moreover, the expert noted that this ratio now shows early signs of recovery, suggesting potential capital rotation back into higher-risk assets. However, caution remained central to the outlook, as the post stressed that confirmation requires sustained trading volume and supportive liquidity conditions.

Significantly, SHIB’s burn surge aligned with renewed interest across meme assets, with many traders viewing burn data as a supporting sentiment signal rather than a direct price catalyst. Additionally, broader market direction continues to influence meme coin performance, as strong liquidity environments historically support speculative rallies.

Overall, the 535% weekly burn increase brought renewed attention to Shiba Inu, while softer daily figures highlighted the fragility of momentum without consistency.

Also Read: Bitcoin Cash Steals the Spotlight as Peter Brandt Flags Early Market Leadership

The post Shiba Inu Burns Explode 535% as Analysts Hint at a Possible Meme Coin Comeback appeared first on 36Crypto.