Shiba Inu burned approximately 20 million tokens at an accelerated rate that soared by more than 2000%, in one day. The abrupt increase in SHIB burn rate has sparked new debates about both its future value potential and its price change trajectory. The majority of token burns have occurred while SHIB’s price remains stagnant and unsatisfying to traders. The SHIB community has sparked predictions of an upcoming price surge while everyone watches the project’s upcoming developments.
SHIB Burn Rate Soars Over 2000%
The Shiba Inu burn rate experienced a remarkable increase of 2061% on April 15 as per Shibburn data which resulted in 20.83 million tokens getting destroyed permanently from the circulation. Through this burn mechanism the tokens get sent to a null wallet where they become permanently lost.
Through online X posts under the username “wallstreetbets” the SHIB community understands that the supply burn events have not noticeably impacted the available supply. A lack of confidence exists among traders because they need to witness how future burn events influence the currency’s price.
Despite burns, SHIB supply remains unchanged. In the world of crypto, size doesn’t matter: it's the thought that counts.
— wallstreetbets (@wallstreetbets) April 11, 2025
Shiba Inu Price Holds Steady Despite Burn Surge
SHIB’s price is at $0.00001190, down nearly 3% over the past 24 hours, according to CoinMarketCap. The meme coin reached a high of $0.00001239 before falling to a low of $0.00001182.
The drop in price occurred even with the burn activity and comes amid broader market volatility. The disconnect between the burn rate and the price trend has raised concerns among investors.
Despite the dip, many in the SHIB community remain optimistic. SHIB Knight, a Shiba Inu community member, posted on X that a “new pump wave is loading,” suggesting a potential bullish movement could follow soon.
Community Sentiment Remains Cautious Yet Hopeful
Many investors maintain a hesitant approach to SHIB’s burn rate policy as its main strategic element. Market participants refrain from consistent price movements post-burn events because the pattern has failed to appear consistently.
The SHIB community maintains a devoted effort to advertise their asset and attract more participants to the ecosystem. The cryptocurrency maintains an unsteady mood as its main burn metrics together with social engagement metrics maintain SHIB front and center.
What Traders Are Watching Next
A potential trading signal for bullish momentum would be created when prices exceed $0.00001238. The trading direction will be reinforced by observing two technical indicators that combine volume data with RSI.
SHIB investors follow the public opinion along with market conditions and updates from the development team. Market volatility and fundamental alterations will determine future price changes after a mix of activity and fundamental changes occurs.
The burn rate acts as a critical metric for SHIB watchers although it stands alone as insufficient for driving a market rally.
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