Shiba Inu: Mega burn in November - is the price recovery coming now?

Shiba Inu: Mega burn in November - is the price recovery coming now?

On November 2, 2025, the Shiba Inu (SHIB) cryptocurrency recorded a striking event: 1,069,637 tokens were burned at the beginning of the month. This move has caught the attention of investors and interested parties, especially since the daily burn rate has dropped by 86.53%. Despite the significant decrease in daily burn numbers, there was a significant increase in the weekly burn rate of 139.46% over the last seven days, with a total of 61,170,467 SHIB tokens burned.

Currently, the price of a SHIB token stands at $0.00001023, with a slight increase of 0.16% in the last hour and an increase of 1.42% in the last 24 hours. The market value of Shiba Inu is currently around $6,025,956,459, an increase of 1.41%. Despite this positive development, there are warning signs to consider: Shiba Inu ended October with a nearly 16% decline, marking the first negative October in years.

Historical development and forecasts

Historically, November shows mixed performances for SHIB. The price changes in recent years are notable because of their variability:

• November 2021: -29,61%
• November 2022: -24,9%
• November 2023: +6,55%
• November 2024: +49,33%

This data leaves room for speculation as to whether November 2025 will be more positive for Shiba Inu. Currently, SHIB is in a consolidation phase, with resistance levels at $0.0000113 and $0.0000126 and a support area around $0.000009.

Market positioning and future outlook

A team member, Lucie, recently highlighted a report from Grayscale Investments that recognized Shiba Inu as one of the leading Consumer & Culture projects within the crypto sector. This assessment could increase confidence in SHIB and attract potential investors.

Developments surrounding burn rates and market prices will need to be closely monitored in the coming weeks. The question remains whether Shiba Inu will be able to hold its own during a historically weak period and move the price back in a positive direction. Experts and investors are curious to see how current events will affect the future development of the cryptocurrency.

For more information on recent developments surrounding SHIB burn rates and market developments, please visit UToday.