Shiba Inu News: Token Burn Soars 1.309% as Trader Projects 172% Rise
- Shiba Inu burning increases more than 1.300% in 24 hours
- Investors Send Millions of SHIB to Inactive Wallets
- SHIB Price Retreats as Community Maintains Deflationary Strategy
The Shiba Inu community surprised the market by recording a significant 1.309% jump in token burns in just one day. According to data monitored by Shibburn, approximately 2.944.722 SHIB were permanently removed from circulation, sent to wallets with no possibility of redemption.
HOURLY SHIB UPDATE $ SHIB Price: $0.00001263 (1hr 0.19% ▲ | 24hr 1.45% ▲ )
Market Cap: $7,445,456,071 (1.45% ▲)
Total Supply: 589,247,734,555,705BURNT TOKENS
Past 24Hrs: 2,944,722 (1309.71% ▲)
Past 7 Days: 11,735,561 (-81.45% ▼)— Shibburn (@shibburn) August 28, 2025
Two anonymous transactions stood out in the movement. The largest single transaction eliminated 1.694.200 SHIB, while another removed 1.076.047 units from the market. The identities of those responsible were not revealed, reinforcing the hypothesis of participation by large holders or whales.
Despite the daily jump, the weekly analysis shows an 81,45% decline in burns, with 11.735.561 SHIB destroyed over the course of seven days. This indicates that, although community action has gained momentum in a short period, activity remains volatile depending on market conditions.
Community reaction and price pressure
The burning mechanism is considered essential to the memecoin's deflationary strategy. Each token removed from the market contributes to reducing the total supply, increasing scarcity and reinforcing expectations of future appreciation. The initiative is driven voluntarily by the investors themselves, without the imposition of centralized entities.
Meanwhile, the Shiba Inu price faces challenges. On Monday, the coin fell as much as 12%, reflecting the broader volatility in the cryptocurrency market. The development team sought to bolster community morale with a message posted on the official @Shibizens profile: “We’re down, but we’re not done”.
At the time of calculation, SHIB was trading at US$ 0,00001208, down 3,8% in the last 24 hours. Despite the fluctuations, the token remains the second-largest meme cryptocurrency by market value, preserving its place among the projects most followed by investors.
Shiba Inu Price Analysis
Trader @Bitcoinsensus pointed out that Shiba Inu remains within its accumulation zone, a phase that historically precedes strong upward movements. If the pattern is confirmed, the price could advance to significantly higher levels.
Based on the current quote of US$ 0,00001208, the first projected target (TP1) is in US$ 0,00003296, which would represent an increase of approximately 172%. The second target (TP2), located in US$ 0,00005589, would signal an even more expressive jump, of around 362% in relation to the current price.
This technical perspective reinforces the expectation that, if the token manages to break out of its consolidation, Shiba Inu could attract new buying momentum and once again move the memecoin market.
$ SHIB – Accumulation Heating Up? 👀🔥
Shiba Inu still ranging within its accumulation zone.
History shows SHIB often explodes after long consolidations.
Targets on the chart:
TP1 → 0.00003296
TP2 → 0.00005589Could this be the calm before the storm? 🚀🐕 #ShibaInu #Crypto ... pic.twitter.com/nYE8bAvm1B
— Bitcoinsensus (@Bitcoinsensus) August 22, 2025
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
US September CPI Preview: High Oil Prices Expected to Push Up Overall Inflation, Moderate Core Inflation May Ease Urgency for Rate Hikes
Driven by rising gasoline and food prices, U.S. consumer prices are likely to surge significantly in September.
Inflation remains high! ECB Governing Council member warns: Another rate hike may be necessary, but timing remains uncertain
Pierre Wunsch, a member of the ECB Governing Council and Governor of the National Bank of Belgium, stated that the European Central Bank may need to further raise interest rates.
Will Bitmine outperform expected crypto bull market after acquiring another 12,532 ETH?
The Reserve Bank of India’s Efforts to Save the Rupee Deplete Reserves: $50 Billion Plunge in Forex Holdings, $200 Billion Forward Dollar Liabilities Become a Ticking Time Bomb
Foreign investors have made net sales of $31 billion in Indian stocks this year, and administrative controls are accelerating hedging demand towards the offshore NDF market, with the effectiveness of interventions continuously diminishing. The most critical risk lies in the fact that the yield spread between Indian and US 10-year government bonds has sharply dropped from 600 basis points in 2013 to just 200 basis points, with the traditional interest rate defense line nearly breached. India faces a dilemma: persisting on the current path will exhaust policy space, while relying on rate hikes to rebuild the yield spread would directly stifle economic growth.
Crypto prices
More
