Shiba Inu Burn Rate Skyrockets 2000% as 14 Million Tokens Are Removed, Signaling Potential SHIB Breakout
Key Highlights:
- SHIB burn rate surges 2000%, with 14 million tokens taken out of circulation.
- Ongoing burns suggest a growing price impact, based on long-term supply reduction trends.
- SHIB price gains 9% weekly and 2% intraday, aligning with the continuous burn activity.
The Shiba Inu burn rate surged by 2000% on Friday, fueling optimism among investors despite broader market weakness. Recent data indicates that this spike is primarily due to 14 million SHIB tokens being removed from circulation within a day. With nearly 98 million tokens burned this month, traders anticipate a bullish breakout for SHIB, as supply reduction continues to tighten market availability.
Shiba Inu Burn Rate Jumps 2000%, Boosting Market Optimism
According to Shibburn’s latest data, the SHIB burn rate surged 2004.94% in the past 24 hours. This increase stems from the removal of 14.27 million tokens, reinforcing a bullish sentiment among investors.
For context, the token burn mechanism reduces circulating supply, which can enhance the asset’s value by increasing scarcity. Investors see this as a positive sign for SHIB’s potential price growth in the near future.
SHIB Burn Data – Weekly and Monthly Trends
- Over the past week, approximately 58.28 million SHIB tokens were permanently removed from circulation, further supporting a bullish outlook for the meme coin.
- Monthly burn figures indicate 98.85 million tokens burned, averaging 7.06 million tokens per day—a trend that could contribute to future price appreciation.
Impact on SHIB Price – Is a Breakout Coming?
With constant burns reducing SHIB’s supply, the total number of tokens has dropped to 589.25 trillion, while 410.7 trillion tokens have been burned to date. This suggests that nearly 50% of the original supply has been permanently removed, strengthening investor confidence in a potential price rally.
At the time of writing, SHIB is trading at $0.00001661, reflecting a 2% gain in the past 24 hours. Its daily low and high stand at $0.00001596 and $0.00001679, respectively, while the weekly chart shows a 9% increase—a trend that aligns with ongoing SHIB burns.
Top Analyst Predicts Bullish Breakout
Crypto analyst Javon Marks anticipates a bullish breakout for SHIB, noting that the token is forming an Inverse Head & Shoulders pattern, which could signal a strong upward move. The analyst suggests that SHIB’s price could reach $0.000081, provided that token burns continue reducing supply. 
With the SHIB community actively supporting burn initiatives and a favorable price setup forming, investors are closely watching for the next major price move. 🚀
