May 12, 2025 — Shiba Inu (SHIB) is making waves in the crypto market once again, as a powerful confluence of technical momentum, aggressive token burning, and on-chain activity fuels speculation of a potential $0.0001 breakout. The popular meme-inspired token has posted a 27% price rally over the past week, climbing to $0.000017 amid renewed investor interest and community-driven burn efforts.
🔥 Burn Rate Explodes by Over 4,800%
In a dramatic acceleration, SHIB’s burn rate surged 4,833%, with more than 15.82 million tokens incinerated in a single day, according to Shibburn data. The initiative aims to reduce circulating supply and drive long-term value appreciation.
The community-led ShibTorch campaign recently crossed a symbolic milestone — over 1 billion SHIB tokens permanently burned — signaling intensifying efforts to engineer deflationary pressure on the token’s supply.
📈 Bullish Technicals Point to Upside
Technical analysis shows SHIB forming a double-bottom reversal pattern on the weekly chart — historically a bullish setup. Furthermore, the MACD indicator has flipped into buy territory for the first time in months, suggesting strong upward momentum.
Analysts believe that if SHIB convincingly breaks resistance at $0.000033 and $0.000045, it could retest its 2021 all-time high of $0.000088 and ultimately aim for the psychological milestone of $0.0001.
🧱 Shibarium Network Growth Fuels Utility Narrative
Meanwhile, Shiba Inu’s Layer 2 solution, Shibarium, is experiencing exponential growth. The network has now processed over 1.15 billion transactions, with 3.76 million transactions occurring in the last 24 hours alone.
Total Value Locked (TVL) in Shibarium has surged to $3.84 million, the highest since January 2025, indicating rising adoption of SHIB’s blockchain-based ecosystem.
💬 Market Outlook
Shiba Inu’s convergence of supply reduction, technical strength, and ecosystem expansion presents a compelling narrative for bullish investors. While the road to $0.0001 remains speculative and hinges on broader market conditions, SHIB is showing signs of maturing beyond its meme origins.
With an active developer community, growing DeFi applications, and millions of retail supporters, Shiba Inu is no longer just a meme — it’s becoming a movement.