{"id":10131,"date":"2025-09-08T17:13:03","date_gmt":"2025-09-08T17:13:03","guid":{"rendered":"https:\/\/bitunikey.com\/news\/is-shiba-inu-coin-price-about-to-surge-as-burn-rate-soars-1680\/"},"modified":"2025-09-08T17:13:08","modified_gmt":"2025-09-08T17:13:08","slug":"is-shiba-inu-coin-price-about-to-surge-as-burn-rate-soars-1680","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/is-shiba-inu-coin-price-about-to-surge-as-burn-rate-soars-1680\/","title":{"rendered":"Is Shiba Inu coin price about to surge as burn rate soars 1,680%"},"content":{"rendered":"<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">Shiba Inu price rose for the second consecutive day, reaching a high of $0.00001283, its highest level since Aug. 25.<\/p>\n<div id=\"cn-block-summary-block_0e0e159211a2870abcd0cf6b0343b5c3\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>Shiba inu coin price could be on the cusp of a strong bullish breakout.<\/li>\n<li>The token burn rate jumped by 1,680% on Monday.<\/li>\n<li>Technical analysis points to a strong rebound in the near term.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>Shiba Inu (SHIB) has jumped by almost 10% from it lowest point this month and 30% above the year-to-date low of $0.000010.\u00a0<\/p>\n<h2 class=\"wp-block-heading\">SHIB burn rate and smart money buying is continuing<\/h2>\n<p>Shiba Inu, the second-biggest meme coin in Ethereum (ETH) ecosystem, rose slightly on Monday. This rebound happened as the burn rate bounced back, rising by 1,680% to 1.24 million.\u00a0<\/p>\n<p>The <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.shibburn.com\/\" target=\"_blank\" rel=\"nofollow\">burn rate<\/a> now means that over 410 trillion SHIB tokens have been incinerated, leaving the circulation supply at 584.6 trillion.\u00a0<\/p>\n<p>In theory, the rising burn rate should be positive for Shiba Inu as it makes the token more deflationary. However, while the 1,680% daily increase is a big number, the amount of tokens burned on Monday was worth just $15 million, a tiny amount for a cryptocurrency worth $7.2 billion.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<p>Shiba Inu price also rose as smart money investors continued accumulating. These investors now hold 9.89 billion tokens, up 62% in the last 30 days, a sign they expect SHIB to keep rising.<\/p>\n<p>Meanwhile, exchange reserves continued to fall this month, reaching their lowest level since June. There are now 278 trillion SHIB coins on exchanges, down from last month\u2019s high of 285 trillion.<\/p>\n<figure class=\"wp-block-image size-full\"><figcaption class=\"wp-element-caption\">SHIB exchange balances | Source: Nansen<\/figcaption><\/figure>\n<p>Falling exchange reserves is bullish as it signals that investors are not selling their coins.<\/p>\n<h2 class=\"wp-block-heading\">Shiba Inu price technical analysis<\/h2>\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"3574\" height=\"2038\" src=\"https:\/\/bitunikey.com\/news\/wp-content\/uploads\/2025\/09\/Is-Shiba-Inu-coin-price-about-to-surge-as-burn.png\" alt=\"Shiba Inu price\" class=\"wp-image-14413207\"><figcaption class=\"wp-element-caption\">SHIB price chart | Source: crypto.news<\/figcaption><\/figure>\n<p>The daily time frame chart shows that SHIB has risen slightly in the past few days. It has moved slightly above the 50-day exponential moving average.<\/p>\n<p>Shiba Inu\u2019s price has moved above the symmetrical triangle pattern, potentially confirming a bullish breakout. The Relative Strength Index has jumped above the neutral point at 50. The price also formed a double-bottom pattern at $0.00001020.<\/p>\n<p>Also, the two lines of the MACD have formed a bullish crossover and are pointing upward. Therefore, the token will likely continue rising as bulls target the key resistance point at $0.00001585, the highest point on July 21, which is 23% above the current level.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Shiba Inu price rose for the second consecutive day, reaching a high of $0.00001283, its highest level since Aug. 25. Summary Shiba inu coin price could be on the cusp&hellip;<\/p>\n","protected":false},"author":1,"featured_media":1410,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-10131","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/10131","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=10131"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/10131\/revisions"}],"predecessor-version":[{"id":10132,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/10131\/revisions\/10132"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/1410"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=10131"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=10131"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=10131"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}