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'Dogecoin Killer' Shiba Inu Burn Rate Spikes 4,766%: 'Patience Could Pay Off,' Trader Says – Benzinga

Shiba Inu SHIB/USD Its burn mechanism has driven supply declines and sparked optimism among traders, even as widespread market activity has been subdued and continues to attract attention.

cryptocurrency price Market capitalization 24 hour trends 7 day trends
Shiba Inu SHIB/USD $0.00002566 $15.12 billion -3.1% -11.5%
dogecoin doge/usd $0.3849 $56.7 billion -3.1% -7.9%
pepe Pepe/USD $0.00002144 9 billion dollars -5.6% -14.6%

Trader notes: Cryptocurrency trader InvestingHaven outlines a 2025 price prediction for SHIB, suggesting a potential high of $0.0000998 and low of $0.0000234.

trader noticed“While the path to these goals may be volatile, it is consistent with broader market dynamics. Patience could be rewarded for SHIB holders.”

Meanwhile, trader Guangdong Cat pointed out that the Shiba Inu is currently testing a key weekly support level.

statistics: According to Siburn data, the burn rate increased by 4,766% in the past 24 hours, with 1.97 million SHIB removed from circulation. SybariumScan consistently reports 4.69 million SHIB burns over the same period.

According to IntoTheBlock data, Shiba Inu's large transaction volume decreased by 50% and daily active addresses increased by 9.8%. Transactions over $100,000 fell from 289 to 264 in one day.

Community news: The total supply of Shifu, the new meme coin in the Shiba Inu ecosystem, is 100 billion tokens, with 30% allocated to community airdrops.

The remaining 40 billion tokens will go to the “Liquidity and Public Pre-Sale” section, 20 billion tokens will be kept in the Treasury, and 10 billion tokens will fund marketing activities.

Lucy, the Shiba Inu marketing leader, highlighted Shifu's presale raised 1,023 ETH within 42 minutes, reflecting strong demand.

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Market news and data powered by Benzinga API

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