Shiba Inu Burn Rate Explodes 112,000 Percent—but SHIB Price Struggles Near $0.000012

What to Know

• More than 116 million SHIB were destroyed in one day, sending the token’s burn rate up by roughly 112,000%.
• Shiba Inu’s wallet count has surpassed 1.5 million, and daily Layer‑2 transactions on Shibarium continue to climb.
• Despite fundamentals, SHIB remains in a short‑term downtrend, trading around $0.00001190 after failing to hold $0.0000122 resistance.
• Charts hint at a possible double‑bottom pattern that could trigger a 20% rally toward $0.000016 if confirmed.
• Above‑average selling volume near $0.0000122 suggests profit‑taking pressure, but narrowing price ranges point to an impending breakout.

SHIB Burn Rate Soars to Record Levels

The Shiba Inu community kicked off the week by torching more than 116 million SHIB in a single 24‑hour period, according to blockchain‑tracker Shibburn. That one‑day purge vaulted the burn rate to approximately 112,000%, one of the largest daily jumps of 2025. Token burns permanently remove coins from circulation, reducing supply and, in theory, adding a deflationary tailwind to price over time.

Shiba Inu’s total circulating supply still sits in the hundreds of trillions, but every meaningful spike in burns rekindles enthusiasm among long‑term holders who view scarcity as a key driver for future upside. With more than 527 trillion tokens now edging closer to profitability according to on‑chain cost‑basis models, additional supply shocks could tighten available float and magnify price reactions when demand returns.

On‑Chain Fundamentals Remain Robust

Beyond token burns, the broader Shiba Inu ecosystem continues to expand. Unique wallet addresses have climbed past 1.5 million, underscoring growing retail participation. Meanwhile, Shibarium—the project’s Layer‑2 network designed to lower fees and speed up transactions—has posted a steady rise in daily activity since launching last year. Developers point to rising bridge volume, new dApp integrations, and healthy validator incentives as signs the network is gaining real‑world traction.

Ecosystem growth also extends to ShibaSwap, the decentralized exchange housed within the Shiba Inu universe. Liquidity pools for SHIB, LEASH, and BONE have seen a gradual uptick in total value locked (TVL), suggesting liquidity providers are willing to stake tokens even in a choppy market.

Price Action: Persistent Downtrend and Tight Consolidation

Despite the fundamentally bullish narrative, SHIB’s price action paints a more cautious picture. After tapping a local high of $0.0000122 early Monday, the token reversed sharply, falling toward $0.00001160 before stabilizing near $0.00001190. The move represents roughly a 2% decline on the day and nearly a 5% slide for the week.

Heavy sell‑side volume—estimated at more than 500 billion SHIB—stacked sell orders around the $0.0000122 area, establishing a formidable resistance ceiling that bulls have yet to crack. The subsequent decline created a narrow intraday trading band between $0.00001203 and $0.00001200, signaling a consolidation phase as traders await fresh catalysts.

Technical Setup Shows Potential Green Shoots

Chart watchers highlight a developing double‑bottom pattern, with twin lows forming near $0.00001160 over the past ten days. If SHIB can close decisively above neckline resistance in the $0.0000125 zone—ideally on strong volume—the pattern carries a measured‑move target around $0.000016, representing a potential 20% upside.

Volume spikes at 07:35 and again between 07:46‑07:47 UTC suggest dip buyers stepped in aggressively near $0.00001160, confirming that area as short‑term support. Momentum oscillators also show bullish divergence on the four‑hour chart, hinting that selling pressure may be losing steam.

Still, risks remain. Failure to reclaim $0.0000122 quickly could embolden bears to push for a retest of deeper support at $0.00001120 or even $0.00001080—a zone that aligns with the 100‑day simple moving average.

Market Context and Trader Sentiment

Macro headwinds have weighed on risk assets this month, and memecoins are no exception. Bitcoin’s inability to power through $110,000 has sapped speculative appetite, causing capital rotation into established large‑caps and AI‑themed tokens. In that environment, SHIB’s pullback is unsurprising.

Yet memecoins often turn on a dime when retail sentiment shifts—especially when burn headlines and social‑media buzz reignite FOMO. The recent 112,000% burn‑rate spike has already sparked trending hashtags across X (formerly Twitter) and Reddit, hinting at a potential narrative pivot back toward scarcity.

Catalysts to Watch

• Additional Token Burns: Consistent triple‑digit percentage increases in daily burns could tighten circulating supply faster than expected.
• Shibarium Upgrades: Any announcements surrounding gas‑fee reductions or high‑profile dApp launches can fuel speculative inflows.
• Broader Crypto Sentiment: A Bitcoin breakout above $110K or renewed altcoin rotation would likely carry SHIB higher.
• Whale Accumulation: On‑chain tracking of large wallets could reveal whether smart money is scooping up discounted SHIB during consolidation.

Can SHIB Turn Deflation Into Price Appreciation?

While Shiba Inu’s aggressive burn program and robust ecosystem expansion set the stage for long‑term value creation, near‑term price performance hinges on breaking above entrenched resistance. Technical signals are beginning to lean bullish, but confirmation requires a strong daily close beyond $0.0000125 with sustained volume.

For now, traders should monitor the narrow trading channel, watch for escalating burn announcements, and keep an eye on broader market sentiment. A decisive move either side of $0.0000122 could set the tone for SHIB’s next major swing, making the coming sessions pivotal for bullish or bearish follow‑through.