{"id":13861,"date":"2025-10-20T20:24:03","date_gmt":"2025-10-20T20:24:03","guid":{"rendered":"https:\/\/bitunikey.com\/news\/shiba-inu-price-at-risk-as-daily-burn-rate-plummets-and-whales-sell\/"},"modified":"2025-10-20T20:24:07","modified_gmt":"2025-10-20T20:24:07","slug":"shiba-inu-price-at-risk-as-daily-burn-rate-plummets-and-whales-sell","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/shiba-inu-price-at-risk-as-daily-burn-rate-plummets-and-whales-sell\/","title":{"rendered":"Shiba Inu price at risk as daily burn rate plummets and whales sell"},"content":{"rendered":"<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">Shiba Inu price has rebounded by over 47% from its lowest point this month, coinciding with the performance of Bitcoin and other altcoins.\u00a0<\/p>\n<div id=\"cn-block-summary-block_6603d3cad9c7b60591d84d22aae79102\" 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 price could be at risk as the burn rate slips.<\/li>\n<li>Whales and smart money investors have continued selling.<\/li>\n<li>Shibarium\u2019s growth has stalled this year, with its TVL slumping to below $1m.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>Shiba Inu (SHIB) token rose to $0.000010, up by 10% from its lowest point during the weekend. It has underperformed other tokens like Zcash and Synthetix that have had bigger gains in the past few days.<\/p>\n<p>SHIB price rally could be at risk as the burn rate plummeted, smart money and whale investors sold, and the strength of the rebound remained weak.<\/p>\n<p>Data shows that the token\u2019s burn rate plunged by 99% to 69,530 tokens in the last 24 hours. These tokens are currently worth less than a dollar.\u00a0<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<p>One reason why the burn rate has plunged is that Shibarium\u2019s growth has decelerated. The total value locked in the network has plunged by 43% in the last 30 days to $873,820. This plunge accelerated after the recent ShibaSwap hack.<\/p>\n<p>Worse, while Shibarium has had almost <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.shibariumscan.io\/stats\" target=\"_blank\" rel=\"nofollow\">300,000 accounts<\/a>, the active ones have plunged to below 500. The network\u2019s fees are less than $10 a day. Part of this fees, which is in the form of BONE, is converted into SHIB and burned.\u00a0<\/p>\n<p>Whales and smart money investors have continued to reduce their SHIB positions. Smart money traders have dumped 10% of their tokens in the last 30 days to 46.80 billion, while whales have reduced their tokens from 231 billion tokens on Oct. 12 to 117 billion.\u00a0<\/p>\n<h2 class=\"wp-block-heading\">Shiba Inu price technical analysis\u00a0<\/h2>\n<figure class=\"wp-block-image size-full\"><figcaption class=\"wp-element-caption\">SHIB price chart | Source: crypto.news<\/figcaption><\/figure>\n<p>The SHIB token has pulled back in the past few months, moving from a high of $0.00001765 in May to $0.000010 today. It remains below the important resistance level at $0.00001163, the lower side of the descending triangle pattern.\u00a0<\/p>\n<p>The coin has moved below the 50-day and 100-day Exponential Moving Averages. Also, while the coin has risen in the last three days, the two lines of the true strength index remains below the zero line.\u00a0<\/p>\n<p>The TSI indicator is used to measure the strength of a trend by using two EMAs. Similarly, the trend strength indicator has continued falling.\u00a0<\/p>\n<p>Therefore, the token will likely resume the downtrend and possibly retest the year-to-date low of $0.00000695.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Shiba Inu price has rebounded by over 47% from its lowest point this month, coinciding with the performance of Bitcoin and other altcoins.\u00a0 Summary Shiba Inu price could be at&hellip;<\/p>\n","protected":false},"author":1,"featured_media":8195,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-13861","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\/13861","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=13861"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/13861\/revisions"}],"predecessor-version":[{"id":13862,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/13861\/revisions\/13862"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/8195"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=13861"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=13861"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=13861"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}