As of March 26, 2025, Shiba Inu (SHIB) is experiencing a notable price uptick, fueled by intriguing on-chain data that suggests growing momentum for the popular meme coin. The latest metrics reveal a combination of factors driving SHIB’s resurgence, capturing the attention of traders and investors alike.
On-Chain Insights Signal Strength
Recent on-chain activity shows a remarkable spike in SHIB’s burn rate, with billions of tokens removed from circulation in recent days. This reduction in supply, paired with a surge in trading volume, has sparked optimism about a potential rally. According to data tracked by ShibBurn, the burn rate has soared by thousands of percent, a move that historically correlates with price increases as scarcity intensifies.
Additionally, whale activity has ramped up, with large holders accumulating SHIB at an accelerated pace. This influx, often a bullish indicator, suggests confidence among major players that the token could be gearing up for a significant leap. Posts on X highlight a specific instance where an anonymous wallet incinerated 1 billion SHIB, pushing the burn rate up by 8,000%, further amplifying market buzz.
What’s Behind the Rise?
Several key elements are propelling SHIB’s price upward:
Token Burning Surge: The dramatic increase in the burn rate—reportedly jumping as high as 62,000% in some 24-hour periods this month—has tightened supply, creating upward pressure on the price. With total supply now reduced to approximately 584 trillion tokens, this mechanism continues to fuel speculation.
Whale Accumulation: On-chain data reveals a 2,025% spike in whale inflows, indicating that big investors are stockpiling SHIB, possibly in anticipation of future gains. Many are moving tokens to cold storage, a sign of long-term optimism.
Market Sentiment: The broader crypto market’s recovery, with Bitcoin hovering above $87,000, is providing a tailwind. SHIB’s price, currently around $0.000013, has climbed 10-15% in the past day alone, outpacing some peers like SUI and HBAR in market cap rankings.
Analysts suggest that if this momentum holds, SHIB could test resistance levels near $0.000023 or higher, with some bold predictions eyeing a 60%+ increase in the short term. However, volatility remains a concern, and a failure to sustain buying pressure could see it retreat to support around $0.0000108.
A Breakout in the Making?
SHIB’s recent price action has broken it out of a weeks-long downtrend, a technical shift that traders are hailing as a bullish signal. Coupled with whispers of ecosystem upgrades like the teased Shib Finance DeFi platform and new listings on exchanges like BingX Futures, the meme coin is gaining traction beyond its community roots.
Yet, challenges linger. The token’s massive circulating supply and reliance on hype-driven momentum mean that sustaining this rise will require consistent burns and broader adoption. For now, SHIB holders are riding the wave, hopeful that on-chain trends will translate into lasting gains.
Will Shiba Inu keep climbing, or is this another fleeting pump? The data suggests potential, but the market will have the final say.
