The Shiba Inu community has made substantial efforts to reduce the circulating supply of its meme coin this year, resulting in a significant surge in the burning metric. This active reduction comes at a time when analysts are increasingly predicting the potential onset of a massive bullish season for meme coins, suggesting a confluence of community-driven supply mechanics and broader market sentiment.

According to a recent report from Shibburn on its official X account, the collective efforts of the Shiba Inu community led to the destruction of 194,735,741 SHIB meme coins over the past seven days. This impressive activity propelled the weekly burns up by 534.94%. However, the burn rate over the past 24 hours was notably lower, with only 4,243,506 SHIB being burned, marking a 22.37% decrease for the daily metric. In terms of price action, SHIB demonstrated a remarkable 36% price surge since December 31, reaching $0.00000932 per coin on January 4. Despite this, it experienced a 7.9% drop over the past day, with its price currently at $0.00000863 per coin.

This price movement aligns with a broader recovery observed across meme cryptocurrencies, as highlighted by a CryptoQuant analyst. CryptoQuant published an X post detailing the potential start of a meme coin season, attributing the report to analyst @Darkfost_Coc. The analyst posits that the 'mania' for meme assets concluded in November 2024, leading to a continuous decline in meme coin dominance within the altcoin market, which eventually hit a historical low in December 2025. According to experts, this low point could be a positive indicator, as past instances of reaching this specific bottom have consistently preceded the launch of substantial memecoin seasons.

The core metric the analyst focuses on is the ratio between the market capitalization of top altcoins and major meme coins. Based on this analysis, the current market dynamics could signify the beginning of a 'memecoin comeback'. While acknowledging that it is 'still very early to say for sure', the analyst suggests that this signal could be valuable for speculative investors seeking to manage risks within the volatile cryptocurrency market.