Shiba Inu Eyes More Upside as Nearly 3 Billion SHIB Leave Circulation

• Nearly 3 billion SHIB burned, reducing supply and boosting bullish market sentiment.
• SHIB gained 17% as buyers defended key support after recent profit-taking.
• Holding above $0.0000050 could open the path toward $0.0000060 and beyond.

Shiba Inu has returned to the spotlight after delivering one of the strongest weekly performances among meme coins. A sharp increase in token burns has helped shift market sentiment in a positive direction. Buyers have also stepped back into the market after several quiet weeks. Together, those developments pushed SHIB to a solid weekly gain. Traders now focus on whether stronger demand can drive another breakout. The next few sessions could determine whether this recovery continues or begins losing momentum.

Massive Token Burns Fuel Stronger Market Confidence

One major factor behind SHIB's recent rally comes from aggressive token burns. During the past seven days, nearly 2.98 billion SHIB left circulation. That marked the largest weekly burn total in about one year. Lower supply often improves market sentiment because fewer tokens remain available. While burns alone cannot guarantee higher prices, they can strengthen bullish conditions when demand also increases.

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