🚀 SHIB Staking Frenzy: $58.7M Locked—Scarcity Could Trigger Price Surge

Shiba Inu just got a whole lot scarcer—and traders are scrambling. With $58.7 million worth of SHIB now locked in staking contracts, the meme coin’s circulating supply is shrinking fast. Could this be the catalyst for the next leg up?

Supply Shock Ahead?

Staking removes tokens from active trading, tightening liquidity. For a coin like SHIB—once dismissed as a ‘dogecoin killer’ with infinite supply—this sudden scarcity is… ironic. But markets don’t care about irony, just price action.

Bullish or Bull Trap?

History shows reduced supply often precedes pumps (see: Bitcoin halvings). But let’s not ignore the elephant in the room: this is still a meme coin we’re talking about. Then again, in crypto, even jokes can turn into nine-figure paydays—until the music stops.

One thing’s certain: Wall Street’s still scratching its head over why a dog-themed token has more staking discipline than their ‘blue-chip’ bonds.

Shiba Inu Staking Impact May Trigger SHIB Supply Shock and Price Rally

Massive Token Lockup Reduces Circulation

The Shiba Inu staking impact has actually intensified quite dramatically, with investors now staking around 4,646,357,726,944 SHIB tokens according to current data. This represents a substantial portion that stakers are removing from active trading, creating these artificial SHIB supply shock conditions.

With about 584,601,573,064,052 SHIB tokens remaining in circulation at the time of writing, the staking mechanism actually serves as an alternative deflationary system. This reduction directly contributes to Shiba Inu scarcity and is potentially triggering some upward price pressure.

Crypto analyst Javon Marks stated:

Price Action Despite Market Volatility

Even though we’re seeing recent trading around $0.00001263 with a 9.07% weekly decline, the underlying Shiba Inu staking impact suggests some different market dynamics are happening. This SHIB supply shock from staking activities, along with regular burns, has been effectively reducing sell pressure.

The combination creates compounding effects on Shiba Inu scarcity over time, and it’s something market observers are watching closely.

Javon Marks also had this to say:

As more and more Shiba token holders participate in staking right now, the resulting deflationary pressure could actually accelerate price appreciation if demand stays consistent.