Over the past few weeks, Shiba Inu’s burning mechanism has exploded into action — with burn rates spiking as high as 12,833% on a single day — yet investors are finding that, in the short term, the dramatic token removals haven’t delivered the surge many had hoped for.
A look at recent burn events reveals extreme volatility in burn activity. For example, April 30, 2025 saw a colossal 37,937% increase in the burn rate, with over 280 million SHIB removed from circulation in just 24 hours . Other notable spikes include a 3,277% rise in burn activity in late April, equating to nearly 29 million tokens destroyed , and earlier surges of 1,500% (34 million SHIB) and 2,061% (20.8 million SHIB) in mid-April .
But the standout figure — a 12,833% jump — originates from a composite of several burn tracking metrics showing explosive upwards movement on a low base. Taken in context, these burn surges stem from coordinated efforts by community initiatives and whales aiming to create scarcity — but scholars caution that percentage spikes, while attention‑grabbing, often reflect small bases being amplified in the extreme .
So how has SHIB’s price held up? Unsurprisingly, the immediate price response has been muted to negative. Following April’s 37,937% burn spike, SHIB rose roughly 4.5% intraday — a modest bounce off a ~$0.00001280 low to about $0.00001336 . However, earlier in April, wider price movement was absent — even amid 1,500–2,000% one‑day burns, SHIB declined 2–3%, trading around $0.0000110–0.0000119 .
Technical analysts remain divided. The mix of bearish and bullish patterns — double‑bottoms, inverted head and shoulders, falling wedges, and even golden crosses — suggests potential for both sharp rebounds and further consolidation . Some are eyeing targets in the $0.00003–0.00008 range — up to 500–800% gains from current levels — if macro momentum and technical breakouts align .
Despite the disappointing short‑term price reactions, proponents argue that burning SHIB is a long‑game play. Reducing supply by hundreds of millions — and eventually billions — can support higher long‑term prices, especially if sustained demand growth continues . And while whales have pared back some of their holdings recently, the ecosystem’s ongoing initiatives like ShibBurn and Shibarium adoption are reinforcing the deflationary momentum