SHIB on Fire: Shiba Inu’s Burn Rate Explosion Sparks Price Rally Hopes

The meme coin that refuses to die just got hotter. Shiba Inu's token burn mechanism is accelerating like a rocket strapped to a dogecoin—and traders are betting this could finally light a sustained price surge.

Burn baby burn

SHIB's deflationary mechanics have kicked into overdrive, torching tokens at a rate that'd make a central banker sweat. Every vanished SHIB tightens supply while crypto degens chant 'number go up.'

The cynical take? Another round of speculative hopium for an asset whose utility still mostly involves tipping Twitter shitposters. But try telling that to the army of 'Shiba soldiers' stacking sats between memes.

One thing's certain—when the crypto casino's lights are this bright, somebody's getting rich. Whether holders or paper-handed day traders... well, that's why we watch the charts.

TLDR

• Shiba Inu burn rate jumped 10,845% in 24 hours with 9.5 million SHIB tokens removed from circulation
• Crypto analyst Javon Marks predicts 180% price rally to $0.000032 based on MACD bullish divergence
• SHIB price increased 3.66% to $0.00001186 following the burn activity
• Over 1.5 million on-chain wallets now hold SHIB, setting a new record
• Two centralized exchanges delisted SHIB tokens, but ecosystem team says not to worry

The shiba inu ecosystem experienced a massive spike in token burns while technical analysts point to potential price recovery ahead.

According to Shibburn data, the burn rate surged 10,845% in the last 24 hours. A total of 9,551,523 SHIB tokens were sent to inactive wallets, removing them from circulation permanently.

The burn mechanism serves as the ecosystem’s deflationary tool. By reducing the circulating supply, the community aims to create scarcity and drive up demand.

With the recent burn activity, the circulating supply now stands at 589,249,765,968,242 SHIB. Of this amount, 584,556,551,143,300 SHIB remains in circulation with the rest staked.

The price of SHIB responded positively to the burn activity. The token climbed from a low of $0.00001135 to $0.00001186, representing a 3.66% increase in 24 hours.

However, trading volume declined 21.67% to $83.93 million during this period. This suggests some traders remain cautious about the price reversal.

Technical Analysis Points to Bullish Signals

Crypto analyst Javon Marks provided a bullish outlook for SHIB price. He stated that the token has formed a clear bullish divergence with its Moving Average Convergence Divergence (MACD).

$SHIB (Shiba Inu) has confirmed a clear Bullish Divergence with its MACD and this points to a nearly 180% upside for prices back to $0.000032 and that may only be the start of a much larger positive reversal 💥… pic.twitter.com/YmWAQbahKK

— JAVON⚡️MARKS (@JavonTM1) July 6, 2025

This technical pattern points to a potential 180% upside for SHIB to rally to $0.000032. Marks added that this may only be the start of a larger positive reversal for the meme coin.

His chart analysis showed that SHIB could hit this target between now and year-end. This WOULD represent a change of fortune for the token, which has recorded a 45% loss year-to-date.

The token’s Relative Strength Index (RSI) has also risen above oversold territory. This development supports the recent price increase and is regarded as a bullish signal.

Long-term Price Targets Remain Ambitious

Marks remains confident that SHIB can rally as much as 600% in the long term. He maintains his $0.000081 target for SHIB, which would represent an over 609% increase from current levels.

The analyst sees potential for this target to be broken above, bringing $0.0001553 into play. However, he did not provide a specific timeline for when this rally could occur.

Ecosystem Developments Support Growth

The SHIB ecosystem continues to show signs of growth. A community member revealed that over 1.5 million on-chain wallets now hold the meme coin, with the number still rising.

This milestone represents record-breaking adoption for the token. The growing wallet count suggests increased interest in holding SHIB tokens.

For SHIB to continue its current rebound, the token must break resistance levels at $0.00001210 and $0.00001250. Breaking above $0.000013 would signal a stronger breakout.

Exchange Delistings Addressed

Two centralized exchanges recently delisted SHIB tokens from their platforms. Lucie, the ecosystem marketing lead, advised the SHIB community not to worry about these delistings.

She maintained that the centralized exchanges were being manipulative. Lucie insisted that the delisted tokens were not among the lowest-performing on the exchanges.

The marketing lead assured users that the team would continue building. She urged the community to depend less on centralized exchanges for trading.

At the time of writing, SHIB is trading at around $0.00001186, up over 3% in the last 24 hours according to CoinMarketCap data.