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#SHIB#
What happened to Shiba Inu, will it continue to rise?
In early July 2025, the attention of the crypto community turned to the popular "Dog" meme coin, Shiba Inu. The interest in this coin was due to a series of positive news and slight price increases.
Let's talk about what has happened with Shiba Inu Coin, which project news is worth paying attention to, and the outlook for its price trend.
Shiba Inu Coin has become the focus for various reasons. Firstly, there has been a surge in token burns. Compared to last week's results, trading volume has increased by over 2%. This process removes some coins from circulation. Against the backdrop of stable demand, the reduction in supply is positive for the coin's price.
Another reason for the increase in the price of Shiba Inu coin may be the increase in network activity of the project. The platform processes over 4 million transactions daily, with more than 11.8 million blocks mined.
The increase in trading volume in the cryptocurrency network may indicate the interest of big players in the project.
In addition, the project's interest may be driven by announcements from its team. For example, the developers introduced updates on the metaverse, a collaboration with DegenSafe, and the launch of the testnet for the cryptocurrency exchange, where Shiba Inu is a partner of the exchange.
Many participants in the crypto community believe that Shiba Inu has successfully broken through the downward trend. However, the overall situation in the longer time frame remains negative. Despite the overall positivity in the market, the trading price of the cryptocurrency is still 86.66% cheaper than its absolute peak of $0.00008845, which was reached on October 28, 2021.
About 63% of Shiba Inu coin investors have not made a profit. Meanwhile, the level of centralization of the project is very high. About 74% of the coins are concentrated in the wallets of big players.
The slight increase in early July did not improve the situation of cryptocurrencies. Shiba Inu still shows weakness and has not provided any signals that might indicate a long-term upward trend.