A 3,465% increase in SHIB’s burn rate is favoring a bullish Shiba Inu price prediction as a lower circulating supply could boost the second most valuable meme coin in the space.
Data from Shib Burn shows that, on Wednesday, a total of 9.81 million SHIB tokens were burned automatically. Of that total, 9.47 million were taken out in a single transaction.
This represented a 4-digit increase compared to the previous 24 hours and may have been the result of some big transactions occurring as SHIB climbed above $0.00001250.
The Shiba Inu blockchain is designed to burn a portion of its transaction fees to shrink the token’s circulating supply.
Although this single-day burn represented only a tiny fraction of the 590 trillion tokens in circulation, it indicates that big positions are being opened.
Shiba Inu Price Prediction: SHIB Needs Clear Breakout Above $0.00001300 to Keep Rising
SHIB’s trading volumes have doubled in the past 24 hours, even though the token has gone up by just 1.7%. This could indicate accumulation by whales in anticipation of what could be SHIB’s next leg up.
Shiba Inu (SHIB) is now testing a key resistance level at $0.00001300 on the 4-hour chart, with added strength from the 200-period EMA, making this a critical breakout zone.
After over 72 hours of steady gains, a minor pullback to around $0.00001250 could happen — but that dip may serve as a springboard, building the liquidity needed for SHIB’s next leg higher.
If the price breaks above $0.00001300, the next short-term targets are $0.00001500 and $0.00001600, with growing momentum behind each move.
Some dream of SHIB hitting $1, which would imply a $590 trillion market cap — not realistic under the current token supply.
However, a long-term solution could involve a reverse split, a process where the token supply is reduced without changing the overall value of the market cap. By shrinking the number of coins in circulation, the price per token can rise without needing massive new capital.
While that’s a future possibility, the current outlook still supports a bullish Shiba Inu price prediction, as the market leans into risk and altcoin strength builds.
For investors chasing even higher upside, the best crypto presales could deliver the next 10X returns, especially as capital rotates into newer, high-potential tokens during this bullish phase.
Token6900 (T6900) Embraces Core Meme Coin Principles and Raises Over $1.7M
Token6900 ($T6900) is not just another meme coin, it’s a reflection of every late-night chart stare, every overhyped rug, and every Solana snipe that almost made it.
Now in presale, this project gives early supporters a rare chance to get in before the chaos begins.
It has no roadmap, no promises, and no gimmicks. That’s the point.
T6900 thrives on pure vibe liquidity, fueled by raw community energy and a hint of early 2000s internet nostalgia. It’s absurd, it’s self-aware, and that’s exactly why it works.
With a hard cap of $5 million, only the earliest believers will claim the biggest share.
To buy $T6900 at its discounted presale price, simply head to the Token6900 website and connect your wallet (e.g., Best Wallet).
You can either swap ETH or USDT or use a bank card to invest.
Click Here to Participate in the Presale
The post Shiba Inu Price Prediction: Burn Rate Explodes 3,465% in 24 Hours – Is $1 SHIB Now in Play? appeared first on Cryptonews.
