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Coin Edition 2025-05-01 14:00:00

Shiba Inu Analysts Target $0.0000236 After 280 Million Tokens Burned

Shiba Inu Analysts Target $0.0000236 After 280 Million Tokens Burned

Analysts project a $0.0000236 target for Shiba Inu in May. Shibburn rate spiked to 37,937% on Wednesday. SHIB’s price surged 4.5% following the latest Shibburn exercise. Shiba Inu (SHIB) analysts have predicted a potential rally for the Ethereum-based memecoin, projecting that the digital asset could surge to 0.0000236 in May 2025. The analysts expect a notable recovery to trigger more bullish momentum and mark a comeback for the flagship meme coin. Massive SHIB Burn Event Spikes Rate by 37,937% SHIB’s latest positive outlook follows a significant Shibburn event that saw Shiba Inu achieve a five-digit spike in burn rate, leading to the removal of millions of SHIB tokens from circulation. According to an onchain tracker , the Shiba Inu team destroyed 280,097,384 SHIB tokens on Wednesday, April 30, 2025. Notably, the latest exercise caused a 37,937% spike in Shiba Inu’s burn rate, triggering massive bullish sentiment in the meme coin’s ecosystem. Related: Meme Coins Surge: Can Dogecoin and Shiba Inu Hit New Highs in Upcoming Weeks? It reduced SHIB’s circulating supply to approximately 584.4 trillion tokens, highlighting the Shiba Inu … The post Shiba Inu Analysts Target $0.0000236 After 280 Million Tokens Burned appeared first on Coin Edition .

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