Shiba Inu (SHIB) is Making a Comeback After Months of Sluggish Price Action, Seeing a 32% Increase

Shiba Inu is making a comeback after months of sluggish price action, with data showing a 32% increase over the past month.

Shiba Inu price is having a blast today, isn’t it? The crypto is back in the mood to party after months of lagging behind, especially in the past month with a 32% price increase.

Now, what’s fueling this sudden interest in Shiba Inu? Well, it seems macroeconomic developments have been working their magic on market sentiment. And a new trade deal announced by President Trump is also heating things up.

Shiba Inu price is known for dancing in a narrow range, but it seems to be taking a step out of its comfort zone. Glued to a small trading band for most of 2025, SHIB has been performing a rapid move. Commencing the year at an average price of $0.000012, the cryptocurrency slid to a low of $0.000010 in March before embarking on a bullish journey.

As of Thursday morning, Shiba Inu trades at $0.00001713. Its 24-hour trading volume is $664 million, and its market capitalisation is a little over $10 billion, placing it 15th among all cryptocurrencies.

SHIB burn rate drops 97.77% in 24 hours

A key factor behind SHIB’s recent surge was last week’s massive spike in the token’s burn rate.

However, in the past 24 hours, the burn rate has fallen by 97.77%, with just 427,479 SHIB burned during the period.

This comes after earlier spikes created upward price pressure, reducing available supply in circulation.

Shiba Inu’s price has shot up considerably in recent times, and the token’s burn rate also spiked last week as several community members participated in burning a huge amount of the token in 24 hours.

Despite the massive spike in the Shiba Inu burn rate last week, the rate has dropped significantly in the past 24 hours. According to the data from the Shiba Inu burn tracker, there has been a 97.77% decrease in the burn rate.

The total number of SHIB tokens burned in the past 24 hours is 427,479, which is a significant decrease from the 15.38 million tokens burned on Friday, July 14. The total amount of SHIB burned is now 12.08 billion tokens out of the total supply of 548 trillion.

Earlier spikes in the Shiba Inu burn rate created greater demand for the token, which in return increased its price and decreased the circulating supply.

Shiba Inu’s price dropped by 0.48% in the past 24 hours, and its 24-hour trading volume is $664 million. The crypto’s price is $0.00001713, and its market capitalisation is $10.06 billion, placing it 15th among all cryptocurrencies.

Earlier this week, Ben Armstrong, the host of the popular crypto YouTube channel, "@ArmstrongWorld," expressed his optimism regarding a potential breakout of Shiba Inu to a new all-time high.

In a recent video, Marks stated that Shiba Inu’s recent rebound, which has seen it gain nearly 30% in just a few days, could be the start of a much larger move.

He projects a possible 105% rally from current levels, with a breakout target of $0.000081. He also suggests that the price could increase up to fourfold if momentum holds.

Moreover, broader crypto sentiment has also been lifted by easing trade tensions between the US and China. A 90-day tariff truce and signs of negotiation progress have spurred risk appetite among investors, with cryptocurrencies benefiting from the optimism.

The improved macro backdrop has reinforced bullish setups across digital assets, including SHIB.