Seasoned crypto charter explains why August might be the hottest month for Shiba Inu as burn rate gets sizzling again.
The weekly Shiba Inu (SHIB) burning stats have mirrored a renewed enthusiasm for the popular dog-themed meme coin. Shiba Inu’s loyal fans have contributed over 135 million SHIB tokens to the digital bonfire, boosting the weekly burning meter by 192%.
135M Burns Won’t Reflect On SHIB’s Price Immediately
However, the 135,033,921 burnt tokens represent just a small fraction of what used to instantly Shiba Inu’s price. Previously, Shiba Inu’s price tacked on double-digit rallies as Shibarium’s dev team torched the collected gas fees on the Layer-2 network. SHIB’s own public L2 chain has sped up the process of eliminating the supply, now limited to 584.5T.
Particularly, the burns picked up pace in August, 2024, when Shibarium devs introduced the auto-burning mechanism. Shiba Inu’s Bone ShibaSwap (BONE) token serves as the gas fee on the network, so a considerable portion of the fees garnered on-chain is swapped for the main token & then burned.
Shiba Inu’s Price Readies For a Full Moon In August?
Multiple crypto connoisseurs noted that Shiba Inu’s (SHIB) price movement mirrored Bitcoin’s (BTC) $122K bull run, as well as the broader market trends with a significant delay. According to Charting Guy, this star-gazing crypto analyst expects Shiba Inu’s (SHIB) full rebound in August.
The fractal forecast highlights the late July’s local high of $0.00001569 as proof for this bullish thesis, originally called on July 5, 2025 to nearly 46,000 followers on Twitter, previously known as X. Moreover, the crypto charter forecasts another “major leg up late October into November”, as most crypto-based exchange-traded fund submissions will see key decisions being made.
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