{"id":84628,"date":"2025-07-29T11:55:54","date_gmt":"2025-07-29T11:55:54","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=84628"},"modified":"2025-07-29T11:55:54","modified_gmt":"2025-07-29T11:55:54","slug":"shiba-inu-burn-rate-skyrockets-by-almost-17000-will-shibs-price-react","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=84628","title":{"rendered":"Shiba Inu Burn Rate Skyrockets by Almost 17,000%, Will SHIB\u2019s Price React?"},"content":{"rendered":"

TL;DR<\/strong><\/span><\/p>\n

Over 600 million SHIB were burned in a single day. The total amount of the destroyed tokens since adopting the program stands at around 410.7 trillion.
\nAnalysts believe Shiba Inu could chart substantial gains if it overcomes certain resistance levels. On the other hand, rising exchange inflows hint at increased selling pressure.<\/p>\n

<\/a><\/p>\n

The Impressive Burn<\/h2>\n

The second-largest meme coin <\/span>saw<\/span><\/a> its burn rate increase by a whopping 16,710% in the past 24 hours, resulting in over 602 million tokens <\/span>being sent<\/span> to a dead wallet. Interestingly, a single transaction comprised almost 100% of that amount.<\/span><\/p>\n

While the USD equivalent of the destroyed stash is just $8,000, continuous efforts in that field can have a positive impact on Shiba Inu\u2019s price. After all, fundamental principles of economics dictate that the price should go up in the event of declining supply and rising or constant demand.<\/span><\/p>\n

\u0422he burning mechanism was adopted<\/span> in 2021, and since then, the team and the community have scorched roughly 410.7 trillion tokens, or around 41% of the initial one quadrillion supply.
\n<\/span><\/p>\n

<\/a>SHIB Supply, Source: Shibburn.com<\/p>\n

Some members of the crypto community are optimistic that the meme coin could chart gains <\/span>in the near future<\/span>. X user CW <\/span>envisioned<\/span><\/a> \u201ca big upside\u201d if the price breaks the sell wall of $0.000017. Currently, SHIB trades at around $0.0000133, meaning it has to climb by 27% to reach the depicted level.<\/span><\/p>\n

Javon Marks and Friedrich are also among the bulls. The former recently <\/span>spotted<\/span><\/a> the formation of a large Inverse Head & Shoulders pattern on Shiba Inu\u2019s price chart, which resembles \u201cnotable strength.\u201d The analyst assumed this might propel a rally to the technical target of $0.000081.\u00a0<\/span><\/p>\n

Friedrich believes SHIB could follow the positive performance of ETH and retest its all-time high levels. At the same time, he warned investors to pay attention when using leverage.<\/span><\/p>\n

$SHIB<\/a> is about to blast! <\/p>\n

With $ETH<\/a> ripping, $SHIB<\/a> will go for a retest of ATHs for sure.<\/p>\n

Bidding in spot!<\/p>\n

About leverage, manage your risks accordingly.@ShibainuCoin<\/a> #meme<\/a> pic.twitter.com\/K101EUZ3WK<\/a><\/p>\n

\u2014 Friedrich (@FriedrichBtc) July 21, 2025<\/a><\/p>\n\n

The Bearish Factor<\/span><\/h2>\n

Contrary to the optimism expressed by some analysts, Shiba Inu\u2019s exchange netflow suggests the price may continue to struggle in the short term.\u00a0<\/span><\/p>\n

CryptoQuant\u2019s data <\/span>shows<\/span> that inflows have surpassed outflows over the past seven days, <\/span>hinting at<\/span> a shift from self-custody methods to centralized platforms.<\/span> This<\/span>, in turn, increases the immediate selling pressure.
\n<\/span><\/p>\n

<\/a>SHIB Exchange Netflow, Source: CryptoQuant<\/p>\n

The post Shiba Inu Burn Rate Skyrockets by Almost 17,000%, Will SHIB\u2019s Price React?<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

TL;DR Over 600 million SHIB were burned in a single day. The total amount of the destroyed tokens since adopting the program stands at around 410.7 trillion. Analysts believe Shiba Inu could chart substantial gains if it overcomes certain resistance levels. On the other hand, rising exchange inflows hint at increased selling pressure. The Impressive […]<\/p>\n","protected":false},"author":0,"featured_media":84629,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-84628","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/84628"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=84628"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/84628\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/84629"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=84628"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=84628"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=84628"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}