Shiba Inu’s burn rate just shot way up, burning millions of tokens and tightening supply. This kind of move usually means the price could be gearing up for a big jump. Some folks are even talking about a possible 10x rally.
With whales stacking more SHIB and fewer tokens floating around, things are looking pretty interesting. It won’t happen overnight, but if the burn keeps up, we might be in for something huge. Everyone’s paying close attention now.
What you'll learn 👉
SHIB burn rate skyrockets: Over 53 million tokens destroyed
The Shiba Inu community just saw a massive shake-up as over 53 million SHIB tokens got burned in a short time. According to ShibBurn, a popular tracker for SHIB burns, the burn rate exploded by a staggering 2,416% in just one day. That means nearly 54 million SHIB were permanently sent to dead wallets, gone for good, shrinking the circulating supply.
Some of the biggest burns included transactions of 14 million, 23 million, and 11 million SHIB tokens. While the weekend saw an even crazier spike in burn rate (over 22,000%), the actual amount burned then was smaller, around 38 million SHIB.
New burns, though, will be larger, which signals the burn frenzy is picking up steam. This ongoing token destruction could really tighten supply and boost the Shiba Inu price prediction outlook in the near future.
Huge Token Burns Tighten Supply, Fueling Bullish Momentum
SHIB’s huge token burns are really tightening supply, and that’s helping push the price up. Recently, SHIB jumped nearly 5%, climbing from $0.00001408 to $0.00001476. Aside from that, SHIB is up only 4% in the past 30 days, and it really needs some strong momentum to go up from here.
But it’s not just the burn frenzy driving SHIB higher. There’s also some big macro news behind the scenes. The US government delayed a planned 50% tariff hike on EU goods, pushing it from June 1 to July 9. This announcement, confirmed by Donald Trump on Truth Social, gave markets a boost, helping both Bitcoin and SHIB catch some extra momentum right now.
Shiba Inu price prediction amid strong burn activity and market optimism
Shiba Inu was trading around $0.000014 on Sunday, with its 24-hour volume dropping to about $158 million. The lower volume is tied to ongoing selling by whales and a slowdown in the token burn rate.
According to ShibBurn data, the daily burn rate crashed by 85%, down to 2.14 million tokens, and the weekly burn also fell, despite a large 23.5 million token burn on Thursday. SHIB’s price typically benefits when more tokens are burned since this reduces supply and boosts holder confidence.
Whales have sold over 18 trillion tokens since January, signaling some expect prices to dip further. Meanwhile, Remittix, another promising crypto, is seeing a 420% increase in its presale, attracting attention as a fresh, fast-growing project worth watching.
Conclusion
Shiba Inu’s journey is still unfolding. The recent burn rate slowdown and whale selling pressure have caused some turbulence, but SHIB’s fundamentals remain strong, especially with over 410 trillion tokens already burned. Long-term holders are still watching closely, waiting for the next major move.
But while SHIB cools off, Remittix is heating up fast. With a 420% surge in its presale, it’s becoming one of the most talked-about altcoins right now. Built for fast, cross-border payments without middlemen, Remittix is all about real-world utility. If you’re looking for the next big mover, this one might just be it.
Discover the future of PayFi with Remittix by checking out their presale here:
DISCLAIMER: CAPTAINALTCOIN DOES NOT ENDORSE INVESTING IN ANY PROJECT MENTIONED IN SPONSORED ARTICLES. EXERCISE CAUTION AND DO THOROUGH RESEARCH BEFORE INVESTING YOUR MONEY. CaptainAltcoin takes no responsibility for its accuracy or quality. This content was not written by CaptainAltcoin’s team. We strongly advise readers to do their own thorough research before interacting with any featured companies. The information provided is not financial or legal advice. Neither CaptainAltcoin nor any third party recommends buying or selling any financial products. Investing in crypto assets is high-risk; consider the potential for loss. Any investment decisions made based on this content are at the sole risk of the readCaptainAltcoin is not liable for any damages or losses from using or relying on this content.
