Shiba Inu Burns 14 Million Tokens But Price Still Drops – Is Ethereum The Last Hope?

Although the Shiba Inu community (SHIB) has just burned nearly 14 million tokens within 24 hours, the value of this coin continues to fall. According to live data from CoinMarketCap, the price of SHIB has decreased by 1.70%, remaining at 0.00001432 USD. 📉 Trading Volume Falling – Is Investor Sentiment Wavering? The trading volume of SHIB also shows significant signs of fall, only reaching 220 million USD. This raises concerns that retail investor interest is weakening, despite efforts to maintain appeal through token burning activities. 🔥 Burned 14 Million SHIB Tokens – But Why Is the Price Still Falling? The burning of tokens is often expected to reduce supply, increase demand, and thus drive up prices. However, with the total circulating supply still at a massive nearly 999 trillion SHIB, and the amount that has been burned only reaching around 410.7 trillion SHIB, the burning of 14 million tokens per day seems insufficient to create a noticeable impact on price. In addition, the token burn rate in the past 24 hours has fallen by 39%, further undermining the belief that this is an effective price support measure. Investors are questioning whether SHIB has peaked, and whether the token burn mechanism still holds value? 🧩 Ethereum – "Lifebuoy" of SHIB? The only bright spot at the moment is the close relationship between SHIB and Ethereum. SHIB operates on the Ethereum platform and often tends to closely follow the price movements of ETH. Some experts like Crispus believe that if ETH rises to 4,000 USD, SHIB has a real chance of recovering. Crispus's report also emphasizes that SHIB is currently trading above the 50-day moving average, and is about to form a Golden Cross pattern - a technical indicator that often signals a long-term bullish trend. 🔮 SHIB Price Prediction – Bullish and Bearish Scenarios Bullish scenario: If ETH rises sharply, SHIB could break through to a price range of 0.00001945 USD or even 0.00002210 USD. Bearish scenario: If it loses the important support level at 0.000012 USD, SHIB could plummet down to 0.00001080 USD – the lowest point in 2025. 📌 Conclude Although the token burning activity is still ongoing regularly, the effect on the current price of SHIB is very limited due to the huge supply. In the short term, Ethereum may play a leading role in the price trend of SHIB. Investors need to closely monitor the movements of ETH and technical signals to make reasonable decisions during this volatile period.