Will SHIB Price Crash to 0 in August?

Shiba Inu price is back in the spotlight, but not for the usual hype. In the last 24 hours alone, over 600 million SHIB tokens were burned, sending the coin burn rate soaring by more than 16,000 percent. That sounds like a bullish headline, yet the price is still drifting lower. As August approaches, traders are asking a tougher question: is this just another retracement or could SHIB price actually be heading toward zero? Let's unpack what the chart says and how this record-breaking burn event might shift the odds.

Shiba Inu Price Prediction: What Does the SHIB Price Chart Say?

The SHIB price daily chart is giving mixed signals. Price action has just slipped below the 20-day moving average after failing to hold above the Fibonacci 0.5 level, currently near 0.00001350. That’s not great news for bulls. There is visible weakness as the candles move toward the lower Bollinger Band, which often suggests bearish momentum building up.

The rejection at 0.00001550 was firm, and the support at the 0.382 Fibonacci level is now looking shaky. The 0.236 zone near 0.00001250 is the next test. If that breaks, the path to 0.00001100 opens quickly. If volume spikes downward, panic selling could drag SHIB down even further. On the flip side, the presence of Fibonacci levels and the compressed Bollinger Band range hints at a possible breakout in either direction. The current sideways drift is a holding pattern, not a collapse yet.

Is the Coin Burn Actually Working?

More than 600 million SHIB tokens were burned in a single day, a number that would have made headlines a year ago. But now, it’s part of a bigger shift. The burn rate shot up by over 16,000 percent, largely due to one anonymous wallet sending 600 million tokens into the void.

That’s not just a one-off stunt. Shiba Inu’s burn mechanism through Shibarium is actively linking transaction volume with deflation. The more the network is used, the more tokens disappear. Supply is getting squeezed, and the chart is not yet reflecting the full impact of this.

Burning tokens permanently reduces the total supply in circulation, and in theory, that should increase the value of the remaining coins—assuming demand stays the same or grows. In SHIB’s case, the latest burn wiped out over 600 million tokens in one day, which is a substantial hit to supply.

But the price has not jumped because burns alone do not guarantee a price move. The market still needs strong buying interest, volume, and broader momentum.

What the burn does achieve, though, is shift the long-term dynamics. It sets a floor under the price by gradually tightening supply, especially as the Shibarium network continues linking transaction activity to automatic burns. If SHIB holds its user base and grows network usage, these regular burns will eventually apply pressure that favors price appreciation.

Why Aren’t Prices Exploding Yet?

Token burns do not create price surges overnight. They work like slow poison to inflation. The market knows SHIB’s supply is shrinking, but it wants confirmation through higher demand or a macro crypto rally. Without those, the price can still dip even with aggressive burns.

Right now, the SHIB burn story is a strong narrative, but it’s fighting against technical resistance and overall market fatigue. If Bitcoin or Ethereum shows weakness, SHIB will likely follow regardless of fundamentals. This is a meme coin that reacts quickly to sentiment shifts.

Shiba Inu Price Prediction: Could SHIB Price Actually Crash to Zero?

No, not in August. Let’s be realistic. A complete crash to zero requires an ecosystem collapse, developer abandonment, or regulatory intervention. None of that is happening. What SHIB price might face is another 15 to 25 percent slide if it breaks the 0.00001250 support. But zero is not on the table right now.

If anything, the aggressive burn activity is giving SHIB a parachute. As long as that continues and SHIB’s developers stay active, this coin will keep floating.

Final Take

SHIB price is down but not out. The price is in a short-term correction, with risk of further drop if it fails to hold 0.00001250. But with over 600 million tokens wiped out in a single day, the burn engine is kicking into gear. That does not mean a moonshot, but it does mean Shiba Inu price has a defense mechanism.

So, will SHIB price crash to zero in August? Highly unlikely. Could it bleed lower before finding a base? Very possible. Keep an eye on that 0.00001250 level. If it holds, the bulls might get another chance. If not, buckle up.

Ready to Buy SHIB?

Thinking of jumping in before the breakout?

Buy SHIB on OKX — low fees, smooth interface, and over 300 listed assets.
Special Offer: Join now and get a free McLaren F1 Team cap — plus a chance to win a trackside VIP experience!

$SHIB, $ShibaInu