🚀 Shiba Inu’s Meteoric Rise: Diamond Hands Reap 783% Gains as SHIB Burn Rate Skyrockets 1,784%

Shiba Inu isn’t just barking—it’s biting into the crypto market with a vengeance.

### The Diamond Hands Club Cashes In

Early believers who held through the chaos are now sitting on 783% returns. Meanwhile, the SHIB burn rate—a mechanism to reduce supply—just exploded by 1,784%. Someone’s playing with matches.

### The Burn Effect: Scarcity or Hype?

Token burns can pump prices, but let’s be real—this isn’t exactly the Federal Reserve tightening monetary policy. Still, the numbers don’t lie: SHIB’s supply is shrinking faster than a hedge fund’s morals.

### What’s Next for the Meme Coin?

Volatility? Absolutely. Lambos for everyone? Unlikely. But one thing’s clear: Shiba Inu’s got the market’s attention—for now. Just remember: what goes up usually comes down… unless you’re Bitcoin. Maybe.

SHIB Holders Show Commitment

Shiba Inu investors are displaying stronger long-term conviction than at any other point in the current cycle. According to IntoTheBlock data, the average holding time of transacted SHIB tokens has increased by 783% in just the past seven days. This metric reflects how long SHIB coins were held before being moved on-chain, and such a quick increase indicates that most wallet holders are sitting on their tokens far longer than before. 

This aligns with the broader trend that the average holding time across all SHIB addresses now stands at 2.8 years, which is more than half of the token’s total lifetime. Even as SHIB touched a seven-week high of $0.0000139 during early Monday trading, the data shows that many holders are bracing for much higher price levels rather than selling into short-term rallies. This increase in diamond hands behavior is a strong bullish signal that often leads up to further major upside movement.

SHIB Burn Rate Blows Past 1 Billion, Up 1,784%

Adding to the bullish narrative is the concurrent increase in Shiba Inu’s burn rate. According to data from Shibburn, the shiba inu burn rate has seen a massive increase in the past seven days, with the number of tokens burned crossing the 1 billion threshold. Particularly, the burn data shows that 1,055,861,987 SHIB tokens have been removed from circulation in the past seven days alone, which translates to a 1,784.86% increase compared to the previous week. Furthermore, another 4,705,361 SHIB tokens were destroyed over the past 24 hours, pushing the daily burn rate up by 8.78%.

Burning tokens reduces the available supply in the market, and when paired with rising demand or a strong holding mentality, it creates the ideal conditions for a supply squeeze. The current burn rate explosion shows increasing effort within the community to drive up scarcity at a time when SHIB’s market structure appears to be tilting bullish. 

Shiba Inu’s current price action supports the idea that a breakout is underway. The token has followed Bitcoin’s most recent bullish breakout to a new price peak of $122,838. Although this move saw the shiba inu price reach a 30-day high of $0.00001391, it has since corrected a bit alongside Bitcoin’s correction to $117,000. Nonetheless, CoinGecko price data shows that Shiba Inu is still up by 9.7% in a seven-day timeframe.

At the time of writing, Shiba Inu is trading at $0.000013.