Shiba Inu (SHIB) is back in the spotlight as its daily burn rate exploded by an impressive 2000%. On Tuesday alone, more than 20 million tokens were removed from circulation, sparking speculation: Is SHIB preparing for a major price rally?
💥 20 Million SHIB Burned – What Does It Mean?
According to Shibburn data from April 15, SHIB’s burn activity spiked by 2061%, one of the biggest jumps in recent memory. In just 24 hours, 20.83 million tokens were sent to burn addresses.
These tokens are permanently removed by transferring them to dead wallets, reducing the total circulating supply. This deflationary move is seen by many investors as fuel for long-term price appreciation.
🤔 But Is the Total Supply Actually Shrinking?
Not everyone is convinced. A popular crypto commentator on X, going by WallStreetBets, claimed that SHIB's total supply remains essentially unchanged despite ongoing burns. According to CoinGape, the circulating supply still sits at a massive 584.37 trillion tokens.
This raises doubts: Is burning alone enough to push the price upward?
📉 Price Remains Flat – For Now
Despite the sharp increase in burn rate, SHIB’s price hovered around $0.00001193 on April 15 — actually showing a slight daily decline of 3%. The meme coin dropped to a low of $0.00001182 during the day, reflecting uncertainty in market direction.
🚀 SHIB Community Still Believes in a Pump
However, optimism persists. SHIB community member SHIB Knight posted on X that a “new pump wave is uploading.” According to him, a clean break above $0.00001238 could trigger a bullish rally, giving SHIB the momentum to surge again.
Traders are now keeping a close eye on the charts, waiting to see if a breakout or pullback is next.
📊 Summary:
🔹 SHIB’s burn rate jumped by 2000%
🔹 20 million tokens were burned in one day
🔹 Price remains around $0.00001193
🔹 The SHIB community hints at an upcoming pump
🔹 $0.00001238 is the key resistance to watch
#Shibarium , #SHIB , #memecoin , #Shibburning , #CryptoNewss
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