Shiba Inu’s 5th Birthday Bash: Burn Rate Skyrockets 5,800% in Jaw-Dropping Surge

Five years young—and Shiba Inu just lit its candles with a flamethrower. The meme coin's token burn rate spiked a ludicrous 5,800% this week, turning 'supply shock' from crypto-bro buzzword to potential reality.

Burn baby burn

While Bitcoin miners fiddle with their halving schedules, Shiba's community went full pyromaniac—incinerating tokens faster than a hedge fund manager shredding subpoenaed documents. The deflationary mechanics? Suddenly less meme, more mainstream.

The cynical take

Let's be real—this is either genius tokenomics or desperate price-pumping before the SEC inevitably starts asking about those 'community-led' burn wallets. Either way, happy birthday Shiba. Try not to burn the whole house down.

In Brief

• SHIB marks its 5th anniversary with bullish chart patterns and rising on-chain activity.
• Whale wallets double down while burn rate spikes over 5,800%.
• Retail interest grows as Shibarium maintains high daily transaction volume.

Bullish signals

Popular crypto trader Vegeta says SHIB’s monthly chart “remains strong,” with a demand base holding steady for months. Joe Swanson, another chart analyst, notes a classic cup-and-handle formation supported by a double bottom and whale accumulation. He sees potential for a 70% price move from current levels.

Arkham Intelligence shows a wallet linked to Coinbase Prime doubled its SHIB stack in one day, now holding 193.4 billion SHIB ($2.37M). It’s unclear whether it’s an institution or a high-net-worth individual, but the move happened during a price lull, not a surge.

Meanwhile, Shibburn reports a 5,837.6% jump in burn rate, with 4.12 million SHIB removed in a day. Shibariumscan confirms over 4.5 million daily transactions, a sign of healthy utility on the Shibarium network.

Retail interest climbs

IntoTheBlock data shows daily active addresses ROSE 3.9%, while large transaction volumes fell 69.6%, suggesting retail activity is picking up even as whales hold steady.

SHIB’s marketing lead, Lucie, used the moment to reflect on the token’s journey. Launched on August 1, 2020, shiba inu has gone from meme to major, with all-time gains of over 21 million percent, peaking at a $41 billion market cap.

SHIB is now listed on over 115 exchanges, held by 1.51M wallets, and has launched ShibaSwap (2021) and Shibarium (2023). Whether SHIB can repeat its explosive run remains uncertain, but the current data points to a market heating up.

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