SHIB Burn Rate Up 12,833%: Is a Price Rally Next?
SHIB Burn Rate Surges 12,833% in 24 Hours
Shiba Inu’s burn rate has spiked dramatically—up 12,833% in just one day—as Shibarium transaction volumes soar past $1 billion and daily active addresses rise by 27%. Over 284 million SHIB tokens were burned in this period, pushing deflationary pressure into overdrive.
Why It Matters
Token burning reduces circulating supply, which can support price appreciation. This recent surge has fueled renewed speculation of a bullish reversal for SHIB, despite it trading near $0.000013 at the time of reporting.
On‑Chain Momentum
Active wallet addresses climbed 27% in the last 24 hours, indicating growing engagement .
Shibarium block volume exceeding $1 billion suggests heightened network activity, which often coincides with burn events.
Market Outlook
This data has reignited hopes for an 18% price surge for SHIB, though such rallies depend on sustained burn activity and overall market sentiment . Historically, spikes in burn rate have often preceded upward price movements—but timing and market context remain key.
Bottom Line
A sudden spike in SHIB burns alongside increased Shibarium usage and active addresses may signal the legs of the next rally—but cautious optimism is advised. Traders should monitor ongoing burn trends and technical indicators to assess whether SHIB is ready to break out.