Renewed Bullish Momentum As Consistent Token Burns and Growing Adoption of the Shibarium Layer 2 Network Fuel Speculation of an Explosive Leg Higher

Shiba Inu (SHIB/USD) is showing renewed bullish momentum as consistent token burns and growing adoption of the Shibarium Layer 2 network fuel speculation of an explosive leg higher.

Shiba Inu (SHIB/USD) displayed renewed bullish momentum on Wednesday, as persistent token burns and the growing adoption of the Shibarium Layer 2 network fueled speculation of an explosive leg higher for the beleaguered meme coin.

Crypto educator Henry, recognized as LordOfAlts, highlighted that the current rally might be just the beginning. As Shibarium continues to gain traction and the circulating supply shrinks through aggressive burns, SHIB's fundamentals appear to be strengthening.

The trader anticipates a substantial price breakout, driven by the community's enthusiasm and the increasingly tighter tokenomics.

With momentum building among the Shiba Army, traders are keenly focused on the potential for the next parabolic move. According to Webull analysts, SHIB could soar by 136% to reach $0.000790 by October 2025. This optimistic scenario could transform a $500 investment into approximately $1,357 by the end of the year 2025.

In the longer-term projections by crypto trader and analyst Richie, SHIB is expected to hit $0.01 by 2028, marking a 790% price increase from Wednesday's levels. This optimistic projection could translate into a $5,000 return for a $500 investment. However, it's important to note that these projections are based on technical analysis and market trends, and the actual price movements may vary.

Shiba Inu Price Action:

Shibburn's latest data revealed a significant spike in the daily burn rate, surging 212.2% with 45.6 million SHIB tokens destroyed in the last 24 hours.

Among the notable transactions, a 15.3 million SHIB burn was executed by a crypto trader, while another 1.5 million SHIB was burnt around two hours ago. A 28.7 million SHIB burn was also executed approximately 21 hours ago.

However, according to IntoTheBlock, there was a slight decrease in activity in the short term, with large transaction volume and daily active addresses showing declines of 47% and 27%, respectively.

Currently, the majority of SHIB holders, about 45%, are in profit, while a smaller percentage, around 5%, are at breakeven.