Shiba Inu: Record Token Burn Ignites Memecoin Price Surge – Can SHIB Hit $0.000032?
- What Triggered Shiba Inu’s Meteoric Burn Rate?
- How Is the Burn Affecting SHIB’s Price Action?
- Why Are Analysts Predicting a 180% SHIB Rally?
- How Does SHIB Stack Up Against Other Memecoins?
- What’s Next for Shiba Inu?
- SHIB Investor FAQ
A jaw-dropping burn of 1 billion SHIB tokens by an anonymous contributor has sent shockwaves through the crypto community, spiking Shiba Inu’s burn rate by 99,284% in 24 hours. This audacious move—worth $11,850—has slashed SHIB’s circulating supply to 584.556 trillion tokens, fueling speculation of a bullish breakout. Analysts like Javon Marks point to a MACD bullish divergence, hinting at a potential 180% rally to $0.000032. Currently trading at $0.00001183 (up 0.87%), SHIB remains a retail favorite, dwarfed only by dogecoin in the memecoin arena. With Shibarium’s adoption in focus, could this be the catalyst for SHIB’s moonshot? ---
What Triggered Shiba Inu’s Meteoric Burn Rate?
In a single transaction, an anonymous "SHIB Army" member torched 1 billion tokens—equivalent to $11,850—catapulting the burn rate to 99,284% within a day. This strategic "burn" sent tokens to an inaccessible wallet, effectively reducing SHIB’s circulating supply to 584.556 trillion. Such deflationary tactics are crypto’s version of a corporate stock buyback: fewer tokens in circulation could mean higher scarcity-driven value. Data from Shibburn reveals this is the most aggressive burn since Q1 2024, eclipsing even Ethereum’s post-Merge burns in percentage terms. Notably, the SHIB community has burned 410.7 trillion tokens total since launch—41% of the initial supply. For context, Bitcoin’s annual inflation rate hovers around 1.8%, while SHIB’s latest burn spree implies a deflationary shock.
How Is the Burn Affecting SHIB’s Price Action?
The immediate impact? A modest 0.87% price bump to $0.00001183, per CoinGecko. But the real story lies in the technicals: the MACD indicator flashed a bullish divergence—a classic reversal signal. Historically, SHIB’s 2021 bull run saw similar MACD patterns precede a 1,200% surge. Resistance at $0.000012 remains the litmus test; a breakout could confirm the uptrend. TradingView charts show SHIB’s RSI at 58—warm but not overheated—suggesting room to run. Volume on BTCC and Binance spiked 37% post-burn, hinting at renewed whale interest. Comparatively, Dogecoin’s 2021 burn rumors (later debunked) drove a 300% rally—imagine the potential of a verified burn at this scale.
Why Are Analysts Predicting a 180% SHIB Rally?
Crypto analyst Javon Marks spotlighted SHIB’s MACD bullish crossover, projecting a 180% surge to $0.000032 if historical patterns hold. This isn’t pie-in-the-sky: in June 2023, a similar setup preceded a 92% SHIB rally in 11 days. The burn’s psychological impact matters too. When Vitalik Buterin burned 410 trillion SHIB in 2021, prices rocketed 800% in three months. Now, with Shibarium processing 200K+ daily transactions (per Puppyscan), utility meets scarcity. Marks’ track record adds credibility—he called Bitcoin’s 2024 halving rally within a 5% margin. Skeptics counter that SHIB’s $6B market cap demands $16.8B inflows to hit his target—a tall order without ETF support.
---How Does SHIB Stack Up Against Other Memecoins?
SHIB dominates as the #2 memecoin by volume ($6B market cap), trailing only Dogecoin ($23B). But here’s the kicker: SHIB trades at $0.00001185 vs. DOGE’s $0.17—a 14,300x difference! For retail investors, SHIB’s fractional pricing lowers entry barriers. Consider: - A $100 investment buys 8.44M SHIB vs. 588 DOGE. - If SHIB hits $0.0001 (743% gain), that $100 becomes $844. - DOGE would need to hit $1.42 for equivalent returns—a 735% jump from current levels. Yet risks loom: 72% of SHIB’s supply remains in circulation vs. DOGE’s infinite minting. Shibarium’s adoption is key—its 1.3M wallet addresses pale next to Polygon’s 220M. Memecoins live and die by hype, and burns alone won’t sustain rallies.
---What’s Next for Shiba Inu?
All eyes are on Shibarium’s Q3 2025 roadmap, promising DeFi integrations and a NFT marketplace. The burn mechanism could accelerate if Shibarium’s transaction fees are auto-burned—a feature ethereum lacks. CoinGlass data shows SHIB futures open interest up 19%, with longs dominating at 62%. But remember May 2024? SHIB pumped 120% on burn hype, then crashed 45% in two weeks. This article does not constitute investment advice. For sustained growth, SHIB needs more than pyrotechnics—it needs real-world utility to graduate from memecoin to ecosystem token. One thing’s certain: the SHIB Army’s fiery dedication isn’t burning out anytime soon.
---SHIB Investor FAQ
How many SHIB tokens are left after the burn?
Approximately 584.556 trillion SHIB remain in circulation after the 1 billion token burn.
What’s the highest price SHIB could reach in 2025?
Analysts like Javon Marks suggest $0.000032 (180% upside) if bullish technicals hold, though past performance doesn’t guarantee future results.
Where can I trade SHIB tokens?
SHIB is available on major exchanges like BTCC, Binance, and Coinbase. Always DYOR before trading.
Why do token burns increase value?
Burns reduce supply—if demand stays constant, scarcity can drive prices up (basic economics).
Is SHIB a better investment than Dogecoin?
SHIB offers higher growth potential (lower price point) but carries greater volatility. DOGE has stronger brand recognition.
