Shiba Inu, the prominent dog-themed cryptocurrency, has entered November 2025 with significant token burn activity, generating anticipation for a potential price recovery following a challenging October. According to Shibburn, over one million SHIB tokens were removed from circulation at the start of the month, specifically 1,069,637 SHIB within a 24-hour period. This daily burn rate, however, registered a surprising decline of 86.53%. Despite this daily dip, the weekly burn rate painted a more optimistic picture, with 61,170,467 SHIB tokens burned over the last seven days, marking a substantial 139.46% increase.

The token's recent performance has been under scrutiny, especially after Shiba Inu experienced its first "red October" in years, concluding the month with an approximate 16% price drop. This decline occurred within a generally positive fourth quarter for the broader cryptocurrency market, leading investors to keenly observe how SHIB's price will fluctuate throughout November. Historically, November has presented a mixed bag for Shiba Inu's price action. While the token saw significant drops of 29.61% in November 2021 and 24.9% in November 2022, more recent years have shown a different trend, with SHIB ending November 2023 up by 6.55% and experiencing an impressive 49.33% rise in November 2024. This historical data positions November 2025 as a potentially pivotal month for SHIB's market trajectory.

At the time of writing, SHIB was trading around $0.00001, as it attempts to rebound from October's sell-off. Key resistance levels for the cryptocurrency are identified at $0.0000113 and $0.0000126, while strong support is observed within the $0.000009 range. The token is currently in a phase of consolidation, which is expected to continue until a definitive major market move materializes.

Adding to its evolving market presence, Shiba Inu has received notable recognition from institutional players. Lucie, a Shiba Inu team member, highlighted the "Grayscale’s Market Byte Here Come the Altcoins" report from October 2025. This significant report, published by Grayscale Investments, categorizes Shiba Inu (SHIB) within the "Consumer & Culture crypto sector" under the FTSE Grayscale Crypto Sectors framework. This classification underscores SHIB's growing legitimacy, with Lucie emphasizing that "SHIB is recognized by Grayscale Investments and FTSE Russell as a leading project shaping community, culture, and entertainment in crypto," signaling its broader acceptance and influence beyond its meme coin origins.