Shiba Inu (SHIB), as one of the major participants in the internet memes coin market, has recently attracted significant attention from investors. Although its price performance this year has been less than satisfactory, with a fall of 40%, a series of recent events may indicate an upcoming change in the market.

Most notably, within just a few hours, billions of SHIB coins were destroyed. The most astonishing was a single transaction that destroyed 600 million SHIB, equivalent to $7,633. This phenomenon is considered a potential signal of increased network activity.

The blockchain design of Shiba Inu includes an automatic burn mechanism that transfers a portion of transaction fees to a burn wallet to reduce the circulation of the token. The purpose of this mechanism is to influence the value of the token by controlling the supply.

Although its recent performance has been poor, SHIB still maintains the second highest market capitalization among internet memes coins, at approximately $7.5 billion. This figure shows the market's continued confidence in SHIB.

In the long run, SHIB still has the potential to achieve considerable returns. Although the expectation of reaching 1 dollar may be unrealistic, if the cryptocurrency market as a whole recovers, especially with the small token market (commonly known as "altcoin") becoming active, SHIB may have the chance to challenge its historical high again.

However, investors need to keep in mind that the cryptocurrency market is highly volatile, and investment decisions should be based on a comprehensive understanding and prudent assessment. The future trend of SHIB will depend on various factors, including the overall market environment, project development, and community support.