SHIB price fell ~5% to $0.00001204 after a weekly 11% slide while Shiba Inu burns surged 157,726.72% as 2,411,616 SHIB were moved to dead wallets. SHIB marketing exec Lucie says autumn should be bullish, with the community continuing Shibarium adoption and burn efforts.
SHIB price down ~5% to $0.00001204; weekly loss ~11%
Daily SHIB burns jumped 157,726.72% as 2,411,616 SHIB were sent to unspendable wallets (Shibburn data)
Lucie (SHIB marketing executive) forecasts bullish momentum this fall and stresses Shibarium adoption
SHIB price dips as burns spike 157,726.72%—2.41M SHIB burned; Lucie says autumn will be bullish. Read concise stats, community reaction and next steps.
What is the current SHIB price movement and key figures?
SHIB price has retreated from recent highs, sliding roughly 5% on the day to $0.00001204 after trading at $0.00001267 earlier. Over the past week the token shows an approximate 11% decline, while short-term rebounds of ~3% were recorded as buyers attempted to stabilise the market.
Why did the SHIB burns spike 157,726.72%?
Shibburn data shows a dramatic single-day increase in the burn rate after community-led transfers moved 2,411,616 SHIB to dead wallets. The large percentage jump reflects a low prior daily baseline; absolute weekly burn volume remains lower, at 14,068,717 SHIB, with weekly burn activity down 76.32% versus earlier periods.
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Lucie, a pseudonymous SHIB marketing executive, responded on social channels by urging continued development and adoption of Shibarium. She indicated expectations for bullish conditions in the fall, tying optimism to anticipated macro rate cuts and ongoing ecosystem work.
According to Shibburn data, 2,411,616 SHIB were transferred to unspendable wallets during the spike, producing a 157,726.72% increase in the daily burn rate compared to the previous baseline.
Short-term price fluctuations are normal in crypto markets. The recent ~5% daily drop and ~11% weekly decline reflect market pressure; a 3% rebound shows some recovery, but long-term direction depends on broader market conditions and on-chain activity.
Shibarium is the SHIB ecosystem’s layer-2 solution aimed at improving utility and adoption. Continued development and adoption of Shibarium are cited by team members as critical drivers for long-term demand.
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Source: https://en.coinotag.com/shib-may-rebound-after-price-dip-as-burn-rate-surges-157726-and-executive-hints-at-bullish-fall/