Shiba Inu Token Burning Explosion: 1 Billion SHIB Burned in One Transaction, Burn Rate Soars 99.284%
Over the past 24 hours, the Shiba Inu (SHIB) community has witnessed a strong wave of token “burning” when an anonymous individual made a burn transaction of up to 1 billion SHIB, equivalent to about 11,850 USD. This move caused the SHIB token burn rate to increase by an explosive 99.284%, attracting great attention from the SHIB Army community and crypto investors.
One action, many impacts: SHIB burned up in one transfer
According to data from Shibburn, although there were only 20 token burn transactions on the day, this single transaction accounted for the majority of the total amount of SHIB burned. As a result, the circulating supply of Shiba Inu has dropped to around 584.5 trillion tokens, reinforcing the deflationary nature of the coin.
The transaction is marked by the “three flames” icon from the token burn tracker, which represents a significant contribution and strong influence on the Shiba Inu ecosystem.
How is SHIB price reacting?
Although the SHIB price has moved positively after the token burn event, the increase is still modest. As of now, the SHIB price recorded an intraday high of $0.00001189, still unable to overcome the strong resistance at $0.000012. The intraday trading volume is also low, just under $150 million, indicating that the market is still cautious.
Is 180% growth possible?
According to technical analyst Javon Marks, technical indicators are sending positive signals. Specifically, the MACD (Moving Average Convergence/Divergence) has formed a bullish divergence, a signal often seen before a strong rally.
Marks predicts that SHIB could rise as much as 180%, towards $0.000032, equivalent to the peak recorded in early December 2024. Since then, the SHIB price has undergone several corrections due to macro uncertainties, including trade disputes and volatile global stock markets.
The bullish signal is gradually becoming clear
The Bull Bear Power (BBP) indicator, a tool that measures the strength of buyers and sellers, turned positive on Tuesday morning, reflecting a return of optimism. In addition, the recovery of confidence from large investment "whales" is also supporting the uptrend.
However, the SHIB coin is still being held back below the upper Bollinger Band, which coincides with an important technical resistance level. Breaking through this level could be a prerequisite for MACD to exert its bullish divergence power and trigger a large-scale rally.
Long-term impact: Is token burning enough?
While token burning contributes to deflation and is expected to support price increases, many experts note that the sustainable success of SHIB depends more on the usage ecosystem, in which Shibarium plays a central role. If token burning relies solely on single transactions without support from real users, the effect may only be short-term.
Conclusion
Burning 1 billion SHIB in just one transaction is a strong boost for the community and a signal of investor commitment to the project's long-term vision. However, to truly break through in value, Shiba Inu needs to harmoniously combine supply deflation with actual usage growth in the ecosystem. However, with improving technical signals, the SHIB community has every reason to hope for a “burning summer” ahead.