Shiba Inu burn rate surged 1500% with 34 million tokens removed from circulation in 24 hours
Whales have shown mixed behavior, with reports of both accumulation (874 billion tokens) and selling (801 billion tokens)
SHIB price currently trading around $0.00001131, down over 50% since January
Token is holding above critical $0.000010 support level
Technical indicators show potential for recovery despite market volatility
Shiba Inu, the popular meme cryptocurrency, has seen its burn rate skyrocket by 1500% as 34 million tokens were permanently removed from circulation in the past 24 hours. This comes as the token trades around the $0.00001131 mark, showing resilience despite broader market volatility.
The dog-themed token has faced significant challenges in 2025. TradingView data shows SHIB has erased over 50% of its value since January, dropping from around $0.00002 to current levels near $0.00001.
According to burn tracker Shibburn, the wallet address “0x541f60e5576” was responsible for the largest portion of burns, single-handedly removing 17.13 million tokens from circulation. The remaining burns came from various smaller transactions.
The total number of Shiba Inu tokens permanently removed from circulation now stands at an impressive 410.73 trillion, with 584.36 trillion tokens still in circulation.
Whale Activity Shows Mixed Signals
Large holders of SHIB, commonly known as “whales,” have displayed contradictory behavior that has left market watchers puzzled.
On one hand, on-chain data reveals that crypto whales collectively purchased 874 billion SHIB tokens as the asset reached its lowest price in over a year. This substantial accumulation sparked speculation about a potential upcoming price movement.
“Large holders often buy when fear is high,” noted one analyst, suggesting such behavior typically precedes significant trend reversals.
However, conflicting data from IntoTheBlock shows Shiba Inu whales sold 801.04 billion tokens in a 24-hour period, marking a 343.18% increase in large holder outflows compared to the previous day.
The large holder netflow has dropped into negative territory, sitting at -256.9 billion. This negative imbalance suggests whales bought only 544 billion tokens while selling significantly more.
Technical Outlook Offers Hope
Despite the selling pressure, SHIB has managed to hold above the crucial $0.000010 support level, which has historically served as a launchpad for rebounds.
The token’s Relative Strength Index (RSI) has dipped to 35, placing it in oversold territory. This technical condition could attract fresh buying interest, especially if broader market sentiment improves.
Multiple technical indicators paint a potentially bullish picture. The MACD indicator has produced several bullish crossovers in recent sessions, though price remains capped by resistance at $0.00001180.
Analysts suggest that a close above this resistance level would trigger further gains toward the $0.0000128 and $0.0000138 regions. If momentum continues, the 50-day moving average around $0.000015 becomes the next key target.
However, the Stochastic RSI has declined to 3.23 from 11 over the past 24 hours, suggesting strong downward momentum. The MACD line has also moved into negative territory, indicating a possible continuation of the prevailing downtrend.
Future Price Projections
Market analysts remain divided on SHIB’s future price trajectory. Crypto analyst Javon Marks maintains a bullish stance, suggesting SHIB has potential for a +550% upside movement to reach $0.000081, though he notes the market must first digest current tensions.
For a bullish reversal to emerge, SHIB needs a daily close above $0.00001142. Failure to maintain momentum could result in a retest of lower supports around $0.00001080 or even the psychological $0.000010 mark.
A breach below this support line could expose the token to further downside pressure, potentially dropping to $0.000010.
The chances of SHIB recovering to previous highs depend largely on continued token burns and broader market support for risk assets.
SHIB’s price action has been closely tied to the overall crypto market, which has faced pressure due to macroeconomic factors including trade war tensions.
The token has shown resilience by holding key support levels despite these challenging market conditions.
Recent volatility has seen SHIB drop from a high of $0.00001173 to a low of $0.00001125 before stabilizing around current levels.
The meme coin remains a focal point for traders and investors who continue to track its price movements closely in relation to broader market trends.
For now, Shiba Inu remains in a delicate but potentially promising position as the market watches to see if recent whale activity and burn rate increases will translate into sustained price recovery.
This articles is written by : Nermeen Nabil Khear Abdelmalak
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By Nermeen Nabil Khear 
