The Shiba Inu (SHIB) ecosystem is witnessing an intense wave of on-chain activity, with both whale movements and token burns surging dramatically. Over just 24 hours, more than 1.06 trillion SHIB flooded exchanges, while the burn rate saw an explosive 248% increase — raising speculation about an imminent major shift in SHIB's price dynamics.
Whale Activity Surges to 6-Month High
According to market intelligence firm Santiment, a total of 406 SHIB whale transactions, each exceeding $100,000, occurred within a single day — marking the highest daily whale activity since June 6.
Alongside this, 505 billion SHIB tokens were transferred into the top 10 centralized exchanges, the largest daily inflow since 2023. The net exchange inflow over the past day reached 1.06 trillion SHIB, suggesting that large holders may be rebalancing positions ahead of expected volatility.
Such significant inflows are often seen as precursors to increased price movement, particularly in the midst of broader crypto market instability.
Burn Rate Skyrockets by 248%
While whales moved tokens across exchanges, the Shiba Inu community ramped up their burning efforts, permanently removing 14.28 million SHIB from circulation within 24 hours. This reflects a 248% increase in burn rate, highlighting renewed focus on supply reduction.
To date, over 410 trillion SHIB have been burned from the total supply, supporting the project's long-term goal to offset the coin’s inflationary tokenomics.
What’s Next for SHIB Price?
Currently trading at approximately $0.0000084 with a market cap of $4.98 billion, SHIB is locked in a downward channel on the 4-hour chart. If bulls manage to break above the resistance trendline, analysts project targets of $0.00000913 and potentially even $0.00001035 if momentum strengthens.
However, a failure to hold key support could push SHIB back into the lower range of the channel, continuing its bearish structure.
Well-known crypto analyst Javon Marks has also identified a massive bullish divergence, predicting that if momentum flips, SHIB could surge by as much as 234% toward $0.000032.
Summary: The convergence of whale accumulation, rising exchange activity, and an accelerating burn rate suggests that Shiba Inu may be on the verge of a volatile breakout. Traders are watching closely for a possible trend reversal.
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