Shiba Inu Despite dropping around 20% over the past month, memecoin has regained its spot among the top 30 cryptocurrencies despite subdued network activity.
$SHIB Entering the third quarter with major changes in supply
Investors withdrew about 2.6 trillion, according to data from Arkham Intelligence. $SHIB Tokens from centralized exchanges such as Binance and Kraken were issued on June 30, ending a month-long trend of large holders leaving exchanges.
The drawer now looks like this $SHIB The second quarter was the worst on record, with sales down 29.5% in the second quarter and 24% in June.
Currency outflows are fueling speculation about a possible rebound in July. $SHIB According to a report by U.Today, the company has recorded positive profits in July for the past four years.
In 2022, $SHIB The return was 13.4%, whereas in 2025 it was 8.92%.
However, analysts caution that the transfer may simply reflect routine capital turnover rather than a bullish accumulation signal.
Slow-burning activity, transaction stagnation
Shiba Inu’s token burning mechanism, once a major factor in decreasing supply and soaring prices, has lost momentum in recent months.
According to Siburn data, the burn rate has increased by just 1% over the past month, but the burn rate is around 410.8 trillion $SHIBor approximately 41% of the total supply has been removed from circulation to date.
Network activity has also declined sharply.
According to Sybarium data, the number of transactions per day has plummeted from a peak of more than 3 million transactions per day recorded in 2025 to around 1,280 transactions, highlighting a significant slowdown in usage of the ecosystem.
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