Shiba Inu (SHIB) memecoin price has been subdued but there are signs of a potential breakout.
Shiba Inu has a large circulating supply of 589.2 trillion SHIB tokens, providing liquidity for investors.
Routine token burns by the Shiba Inu team could lead to price surges, with recent burn data suggesting a significant spike in price.
Despite a recent price decline, increased trading volume and ecosystem developments like SHIB Pay and Shibarium DApp Store could impact SHIB's price positively.