Shiba Inu has been experiencing a significant price drop following major whale activity on Coinbase, and at the same time, discussions about reducing the cryptocurrency’s supply to 10 trillion tokens are suggesting potential for a massive rally. The Shiba Inu coin’s recent movements and also burn mechanisms could trigger substantial SHIB price prediction changes, right now making it one of the most talked about cryptocurrencies.
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Shiba Inu Price Drops 10% on Coinbase; 10T Supply Cut May Trigger 5X Rally
Massive Shiba Inu Withdrawal Shocks Coinbase
A stunning 56.3 billion SHIB tokens worth around $686,652 were moved from Coinbase Prime to an unidentified wallet in a single transaction. The dog-themed memecoin’s transfer represents one of the largest movements in recent cryptocurrency activity, and it was executed through Coinbase’s professional-grade custody service.
The receiving wallet appears to be a new address with no previous activity, which is suggesting strategic positioning rather than routine trading. This Shiba Inu coin movement indicates institutional involvement rather than retail speculation, and also shows how big players are positioning themselves right now.
Supply Reduction Could Drive Shiba Inu Rally
Currently, SHIB has a total supply of 589.25 trillion tokens, which is down from its original 1 quadrillion supply. Community members are pushing for further burns to reduce the cryptocurrency supply to 10 trillion tokens, and this could dramatically impact SHIB price prediction models.
At the time of writing, and at current market cap levels of $7.19 billion, reducing the Shiba Inu supply to 10 trillion tokens would push the price to $0.000719 – representing a potential 5,793% increase from current levels. This kind of supply reduction would be unprecedented in the cryptocurrency space.
Recent SHIB news also highlights that various burn campaigns have already permanently removed over 410.75 trillion tokens. The community is now calling for even more aggressive burns, and they believe this is the key to unlocking the token’s true potential.
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Market Outlook for Shiba Inu
The combination of institutional Coinbase activity and aggressive burn campaigns creates bullish potential for the Shiba Inu coin right now. Recent SHIB price prediction analysis suggests that supply reduction remains the key catalyst for significant price appreciation in this cryptocurrency market, and also major platforms like Telegaon are predicting SHIB could reach $0.0007 by 2030.
Current SHIB news indicates that the token is trading at $0.00001220, and it has shown some recovery with a 1.7% gain in the last 24 hours despite broader market challenges.