SHIBAINU

The burn rate of $SHIB Inu has experienced a remarkable increase of 300% over the past week, with several hundred million SHIB tokens eliminated from circulation.

Recent statistics regarding the Shiba Inu burn rate have generated significant optimism, as more than 300 million coins were incinerated in the last week.

According to data from the burn tracker of this meme coin, a total of 327,103,078 SHIB tokens were removed from the supply within the previous seven days, resulting in a 300% rise in the weekly burn rate.
Shiba Inu Burn Rate Spikes 300% As 327,103,078 Tokens Burnt Weekly
A recent post on X by Shibburn, dated Friday, May 2, disclosed that the burn rate of Shiba Inu has increased by 300% on a weekly basis, as 327.10 million coins were sent to a null address.

The burn transactions from the previous week indicated that an unidentified wallet address was chiefly responsible for this significant rise.


According to the data, the unknown address '0x60812...' burned 263.70 million tokens just two days prior. This burn took place, noting that the SHIB burn rate had surged over 3000% within a single day.

The consequence? The circulating supply of the meme coin was reduced to 584.42 trillion at the time of reporting, with the total number of tokens burned to date assessed at 410.73 trillion.

Consequently, the prevailing market sentiments regarding Shiba Inu's long-term outlook have shifted positively.

Historical data indicates that while the short-term price impact remains minimal, long-term trends may lead to a supply shortage.
SHIB Price Today
The weekly price chart indicates a 4% decline, despite a significant increase in the SHIB burn rate observed over the last week.

Traders in the cryptocurrency market are perplexed by this contradictory price movement.

Nevertheless, the monthly chart reveals a 9% increase in value, which continues to inspire optimism among investors.

Additionally, data from Coinglass reinforces this optimism, highlighting robust market interest in the asset. The futures open interest for the meme coin stands at $181.82 million, a rise from $96 million at the beginning of April.

Furthermore, the volume in the derivatives market has surged by 13% today, reaching $132 million.

When combined with the recent spike in the Shiba Inu burn rate, these indicators suggest a potential bullish breakout for the token.

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If you had invested just $10 in Shiba Inu $SHIB on August 2, 2020, and cashed out at its all-time high on October 28, 2021, you’d be sitting on a life-changing $1 million profit. That’s a jaw-dropping 10,303,317.81% return a testament to SHIB’s explosive potential during its historic rally.

Now, the SHIB community is once again buzzing with optimism, thanks to an astonishing 38,299% surge in its burn rate recorded on May 1, 2025. According to data from Shibburn, a whopping 283.74 million SHIB tokens were incinerated in just 24 hours, with one wallet alone responsible for destroying 263.70 million SHIB.

This latest burn brings the total destroyed supply to new highs, reinforcing long-term bullish sentiment. By removing coins from circulation and sending them to a dead wallet, the Shiba Inu burn mechanism permanently reduces supply a key factor in driving potential price appreciation over time.

Currently, SHIB is trading around $0.000013, holding firm support at $0.000012. While the short-term price impact remains muted, the law of supply and demand suggests growing upside potential if these burns continue at such pace.

With the SHIB army backing consistent token burns and market conditions stabilizing, many in the crypto space are now wondering: Could another SHIB miracle be on the horizon?

#AltcoinETFsPostponed #shiba⚡ #CryptoManMab #shibaInu

From $10 to $1 Million: Shiba Inu Burn Rate Explodes 38,000%, Sparking Bullish Hopes
If you had invested just $10 in Shiba Inu $SHIB on August 2, 2020, and cashed out at its all-time high on October 28, 2021, you’d be sitting on a life-changing $1 million profit. That’s a jaw-dropping 10,303,317.81% return a testament to SHIB’s explosive potential during its historic rally.
Now, the SHIB community is once again buzzing with optimism, thanks to an astonishing 38,299% surge in its burn rate recorded on May 1, 2025. According to data from Shibburn, a whopping 283.74 million SHIB tokens were incinerated in just 24 hours, with one wallet alone responsible for destroying 263.70 million SHIB.
This latest burn brings the total destroyed supply to new highs, reinforcing long-term bullish sentiment. By removing coins from circulation and sending them to a dead wallet, the Shiba Inu burn mechanism permanently reduces supply a key factor in driving potential price appreciation over time.
Currently, SHIB is trading around $0.000013, holding firm support at $0.000012. While the short-term price impact remains muted, the law of supply and demand suggests growing upside potential if these burns continue at such pace.
With the SHIB army backing consistent token burns and market conditions stabilizing, many in the crypto space are now wondering: Could another SHIB miracle be on the horizon?
#AltcoinETFsPostponed #shiba ⚡ #CryptoManMab #shibaInu

In the past 24 hours, #shibaInu has experienced notable price fluctuations as the market dynamics shift. Currently, $SHIB trades at $0.00001355, reflecting a 0.01% decline. With a strong market capitalization of $7.88 billion and a 24-hour trading volume of $169 million, #SHIB is suggesting a strong bullish rally in the crypto world. However, many market participants still doubt whether it is the right time to invest in SHIB. Here is the detailed analysis of Shiba Inu for the last 24 hours, offering clear insight for the traders to find the buy or sell momentum to yield remarkable returns.
SHIB Dipped to $0.00001280 – April 30, 2025
On April 30, 2025, the SHIB trading day started with a brief rise. At 01:00 UTC, a pin bar formed and tested resistance at $0.00001353 and pulled back to $0.00001330. A Death Cross on moving crossovers at 01:15 UTC confirmed this price decline. At this level, support was found at 01:45 UTC and pushed upward. Later, at 05:05 UTC, a doji bar formed, followed by a key bar, a full-body red candle, indicating a potential trend reversal. As expected, a short-term bearish momentum took over and pushed SHIB to $0.00001327. At 07:45 UTC, support was found at $0.00001327 t 07:45 and experienced a bullish momentum.

SHIB/USDT daily chart, analyzed by, published on TradingView, May 1, 2025
At 11:30 UTC, an RSI overbought condition, hinting at a potential trend reversal. Likely, a pin bar formed at $0.00001353 signaled a potential downtrend at 12:05 UTC. As expected, at 12:40 UTC, the price experienced a sharp fall, breached a breakdown, and declined to a low of $0.00001280. A Death Cross on moving crossovers at 12:10 UTC endorsed this ensuing downfall. However, at 13:50 UTC, an RSI oversold condition was encountered, signaling a potential trend reversal. At 13:55 UTC, support was found at $0.00001280 and triggered to move upward. A Golden Cross on MACD at 14:10 UTC confirmed this upward movement.
Conversely, at 18:15 UTC, SHIB price resisted at $0.00001327 and dipped to $0.00001311. At this level, at 19:30 UTC, support was found and peaked at $0.00001338 at 20:35 UTC. Considerably, at 20:25, the RSI indicator entered the Overbought zone, hinting at a possible downtrend. As expected, the price movement resisted at $0.00001338, experienced a short-term bearish trend, and closed at $0.00001324.
SHIB Recovered From Recent Dip – May 1, 2025
As illustrated in the daily chart, on May 01, Shiba Inu price started to move in an upward trajectory. However, at 02:00 UTC, a Death Cross on MACD aligned with the RSI overbought zone, signaling a bearish momentum. As expected, at 02:25 UTC, a pin bar formed as a signal bar, followed by a full-body red candlestick, hinting at a trend reversal. Likely, at $0.00001345, the price resisted and pulled to $0.00001321 at 04:20 UTC. Later, support was found, pushed upward, and led to a breakout. A Golden Cross on MACD at 04:50 UTC asserted this upward momentum.
Will SHIB Price Build a Strong Momentum?
In today’s SHIB price analysis, Shiba Inu is projected to undergo a notable upward trajectory. This strongly suggests that bullish momentum is approaching. In a possible scenario, if the price movement continues its uptrend, it could exhibit a bullish trend. In case it fails in its breakout attempt, SHIB could be pulled back and enter the phase of consolidation or experience a steep decline. So, to find the right moment to invest in SHIB, keep monitoring the key levels and make an informed decision when trends shift.