Shiba Inu is expected to close up for the first monthly increase since April, with destruction and h

Summary

Shiba Inu Coin (SHIB) recorded its first positive monthly income since April, as increased whale activity, increased token destruction and an increase in the number of holders jointly boosted market sentiment.

During July, a total of 3.25 billion SHIB tokens were removed from destruction activities, while more than 78,000 new wallet addresses were added to the ecosystem.

Despite profit-taking, SHIB maintained double-digit monthly gains, highlighting the resilience of buyer interest and increased market participation across the ecosystem in July.

Shiba Inu Coin (SHIB) is expected to record its first positive monthly income since April

Shiba Inu Coin (SHIB) is expected to achieve its first positive monthly income since April. Despite a recent decline in gains, the meme cryptocurrency still rose more than 11% in July. The rally coincided with increased token destruction, increased whale engagement and increased community participation, reflecting improved market sentiment after the first two months of consecutive declines.

As of press time, the trading price of SHIB was approximately US$0.00004647, a daily increase of 0.73%, and the weekly increase expanded to more than 12%. Although the token fell back from its recent high, it still maintained enough momentum to maintain this month's recovery.

Market activity has also intensified this month. Social dominance climbed to 0.084%, the highest level since April 2, while whale trading volume reached its strongest level since the end of March. These indicators point to renewed interest among both retail and large investors.

Earlier this week, SHIB surged nearly 40%, before profit-taking trimmed some gains. The token briefly touched about US$0.000058, then fell back to the US$0.0000484 region and stabilized within a relatively narrow range around this region.

Destruction activity and on-chain growth support recovery

In addition to improving price performance, on-chain data showed that participation across the ecosystem continued to increase in July. SHIB traded between US$0.00000454 and US$0.0000484 over an extended period of time, indicating that buyers are still defending key support levels despite recent volatility.

Data from Shibburn shows that approximately 3.25 billion SHIB tokens have been permanently removed from circulation in the past 30 days. Much of the destruction coincided with the recent rebound, with millions of tokens being transferred to inaccessible wallets, reducing the amount of negotiable supply.

In addition, destruction momentum remained high after the initial price surge. About 58.67 million SHIB tokens were destroyed in the past 24 hours, an increase of more than 3600%, highlighting the continued participation of the community.

Network expansion has also strengthened the overall outlook. During July, more than 78,000 new wallet addresses joined the Shiba Inu ecosystem, bringing the total number of holders to approximately 1,678,280. As a result, user growth and deflationary activity have combined to drive the token's strongest monthly performance in months.

Recovery shifts market attention to August performance

After a long period of selling pressure, the rebound in July revived market interest in Shiba Inu coins. Although the token is no longer near recent highs, its ability to maintain double-digit monthly gains suggests that buying interest remains resilient.

Increasingly active whale activity, an increasing number of holders and continued token destruction have together strengthened market participation. These developments have given SHIB stronger momentum when entering August than in the previous two months.

Conclusion

Shiba Inu closed again strongly in July, with improved on-chain activity, accelerated token destruction and increased wallets supporting its first positive monthly earnings since April. The combination of greater participation and resilient price movements has turned market attention to whether this recovery can continue into the new month.