Shiba Inu Coin is Exploding! Burn Rate Soars Nearly 5000%, Whales Are Madly Accumulating, Is 0.000024 Ready to Take Off?
Shiba Inu Coin ($SHIB) has once again captured market attention. Data shows that in the past 24 hours, the SHIB burn rate has skyrocketed to an astonishing 4,833.89%, highlighting the community's strong motivation in promoting token deflation.
Such a scale of destruction is widely interpreted by the market as a strong bullish signal, reflecting that investors are taking concrete actions to reduce circulation, paving the way for the next round of price increases.
On-chain data shows that the actions of large investors are even more noteworthy. In just the past seven days, the net flow of large SHIB addresses has surged by over 6,050%, with a monthly increase as high as 3,077%.
Currently, SHIB's 30-day annualized volatility has dropped to 69.20%, significantly lower than the peak of 84.62% at the end of April. This narrowing of volatility indicates that the market is in a relatively stable phase, and such stable zones have historically become breeding grounds for significant market movements. In other words, SHIB is entering the 'calm before the storm.'
The derivatives market for SHIB is also showing an active trend: total trading volume has increased by 27.30% in 24 hours, reaching $122.26 million, and open interest has grown by 11.84%, reaching $174.12 million. This indicates that traders are ramping up their positions, and market speculation sentiment is rising, accumulating energy for a potential explosive market.
According to CoinGlass data, a large number of short positions were liquidated on the OKX platform when SHIB broke through a key resistance area.
In particular, concentrated liquidations between $0.0000132 and $0.0000138 became 'fuel' for forced buying, further boosting bullish sentiment. The short covering effect continues to ferment, becoming an important driver of the current upward trend.
