Shiba Inu Burn Wave Raises Hopes for a 130% Price Jump

Shiba Inu’s token burns surged, reducing supply and boosting scarcity.

Growing transactions and new addresses signal strong community interest.

Continued burns and demand could trigger a 130% price rally.

Shiba Inu is back in the spotlight as token burning heats up. The community's efforts to shrink the supply have sparked fresh excitement. A recent surge in the burn rate destroyed billions of tokens, making SHIB scarcer than before. Traders are buzzing about a possible 130% price surge. Could this frenzy spark the next big rally, like the one that shocked markets in 2021? The story is unfolding fast.

Burning Tokens and Building Scarcity

Shiba Inu’s recent burn frenzy wiped out tokens at a staggering rate. In just a few days, the burn rate soared by 3,464%, slashing billions of SHIB from circulation. This rapid reduction isn’t by chance. Shibarium, SHIB’s layer-2 network, automates token burning through transaction fees, steadily lowering supply. Now, the circulating supply sits around 589 trillion, down from an original quadrillion tokens. Community-driven initiatives like Shibburn have played a major role. Just one day saw over 1 billion tokens destroyed.

On-chain data reveals a steady rise of around 10,000 new addresses weekly. Daily transaction volumes remain solid at $200 million, signaling real interest rather than mere hype. Currently, SHIB trades at $0.00001343 with a market cap near $7.91 billion. That’s a far cry from its 2021 peak of $0.000088, hinting at significant room for growth. Analysts eye a potential 130% price jump to $0.000023 if the burn wave continues and other positive factors align.

Will the Burn Wave Ignite the Rally?

Despite the promising burn activity, challenges remain. So far, only 41% of the total supply has been burned. Without ongoing demand from decentralized finance or NFTs on Shibarium, the price might stall. Recent dips to $0.000009 tested support levels, with the Relative Strength Index hovering around 53, reflecting neutral momentum. The community remains hopeful. Shiba Inu’s broader ecosystem shows strength.

Shibarium processes 5 million transactions daily and offers staking rewards of 5%, adding real utility beyond the meme label. If the burn frenzy continues and another 100 trillion tokens vanish, scarcity could trigger a sharp rally. The current momentum mirrors past scenarios where burns sparked gains of 200%. A $1,000 investment today could grow to $2,300 if the rally unfolds as predicted. The burn frenzy has turned heads, fueling speculation about SHIB’s comeback.

Still, traders watch closely. Sustained volume and growing adoption will determine if SHIB rises or slides. The burn wave is a powerful force, but it needs ongoing fuel from user interest and ecosystem growth to keep the flame burning bright. Shiba Inu’s token burn rate surged, slashing supply and raising scarcity.