SHIB Burn Rate Skyrockets 22,604% – Is a 15% Shiba Inu Price Surge Imminent?

Shiba Inu’s token burn mechanism just went thermonuclear—over 22,000% daily burn rate spike triggers speculation of major price movement.

Key drivers: Whale accumulation, Shibarium adoption rumors, and that classic crypto combo of hopium and algorithmic trading bots chasing momentum.

Technical outlook: Breaking $0.000025 could confirm bullish reversal... or just another ’buy the rumor’ trap before the usual ’sell the news’ dump. (After all, this is the same asset that turned ’woof’ into a financial term.)

SHIB Burn Rate Soars Over 22,600%!

Over the past 24 hours, the SHIB burn rate has witnessed a surge of 22,604% with 25.77 million SHIB tokens transferred to dead wallets. Reportedly, Shiba Inu network has recorded 4 transactions out of which 3 are more than 1 million tokens. As of today, the total burn from initial supply stands at 410,74 trillion.

The increased SHIB burn rate highlights an increase in the buying-and-selling pressure for the second-largest memecoin in the crypto market. On the other hand, Shib’s latest self-custodial crypto payment has gained the attention of the crypto community.

Notably, through this service, users can be benefited through 5 ways, from lower costs to fast process and complete control, this new system is set to take over the market in the upcoming time.

Possible Impact On Shiba Inu Price

The Shiba Inu price has recorded a drop of 2.16% over the past day with a trading volume of $106.21 million, a change of -28.36%. With a listed value of $0.00001324, this memecoin has a market capitalization of $7.81 billion. With this, it is currently trading at a discount of 85% from its ATH of $0.00001368.

Currently, the 50-day EMA acts as a support to the SHIB price chart in the daily time-frame. Meanwhile, the Moving Average Convergence Divergence (MACD) displays a constant decline in the green histogram with its averages recording a bearish convergence. This suggests a mixed price action for this memecoin.

If the bullish sentiment intensifies, the SHIB memecoin price could retest its resistance level of $0.00001525. Maintaining the price above that level could set the stage for it head toward its upper resistance level of $0.000020.

Conversely, increased liquidation and rising uncertainty could pull the price of Shiba Inu token toward its crucial support trendline of $0.00001025 this month.

Also Read: shiba inu price prediction 2025: How High Will SHIB Rise?